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Name | Symbol | Market | Type |
---|---|---|---|
Muenchener Rueckversicherungs Gesellschaft AG (PK) | USOTC:MURGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.165 | 1.54% | 10.845 | 10.83 | 10.86 | 10.888 | 10.81 | 10.825 | 39,269 | 17:01:38 |
By Christian Moess Laursen
Stock buybacks continued in the U.K. and across Europe this week, with at least ten companies announcing plans to repurchase shares. Here is a look at companies that announced buybacks this week:
-- U.K. bank Lloyds Banking Group PLC said Wednesday that it intends to launch a 2.0-billion pounds ($2.40 billion) share buyback. On Thursday, the lender said the buyback would start next week and end Dec. 29.
-- Eni SpA, an Italian oil-and-gas major, said Thursday it would launch a 2.2 billion-euro ($2.33 billion) share buyback in 2023, equivalent to around 4.5% of shares in issue at the current share price, following shareholder approval in May.
-- Stellantis NV, the European car maker that owns the Jeep and Dodge brands, said Wednesday it approved a buyback program of up to EUR1.5 billion to be executed in open market by the end of 2023.
-- French insurer AXA SA said Thursday it launched a share-buyback program of up to EUR1.1 billion, expected to be completed by year end.
-- German reinsurer Munich Re AG said Wednesday that it plans to buy back shares worth up to EUR1 billion, and that the program will run from May 6 to next year's annual general meeting, at the latest.
-- Wolters Kluwer NV, a Dutch provider of professional information services, said Wednesday that it intends to buy back up to EUR1 billion in shares during 2023, matching its buybacks in 2022.
-- U.K.-listed InterContinental Hotels Group PLC, which owns the Crowne Plaza and Holiday Inn hotel brands, said Tuesday that it was launching a $750 million share buyback program over the course of 2023.
-- French construction-materials company Compagnie de Saint-Gobain SA said Thursday it would allocate EUR400 million to buybacks this year.
-- Howden Joinery Group PLC, a U.K.-listed maker of kitchen and joinery products, said Thursday that it launched a GBP50 million share buyback. Last year, the company completed a GBP250 million share buyback.
-- Danish biotechnology company Genmab AS said Wednesday that it is initiating a share buy-back program to buy up to 220,000 shares starting on Feb. 23 and to end on March 31. In August, the company completed a buyback of 835.3 million Danish kroner ($118.9 million) for 342,500 shares.
-- This week's stock-repurchase announcements come after a string of companies said they would launch buyback programs earlier in the earnings season, including French bank BNP Paribas SA, German luxury car maker Mercedes-Benz Group AG, British energy giant Shell PLC and Danish pharmaceutical company Novo Nordisk AS.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
February 24, 2023 08:43 ET (13:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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