Source - Alliance News
Foxtons Group PLC - London-based real estate and lettings agency - Launches a share buyback programme for up to £3 million, to be funded by existing cash balances and a revolving credit facility. Foxtons appoints Singer Capital Markets to manage the buyback on its behalf. The company continues to pursue lettings portfolio acquisition opportunities within its capital allocation framework, and adds that it continuously reviews shareholder return opportunities.
Current stock price: 55.80 pence, closed up 0.9% in London on Monday
12-month change: down 11%
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