Saturday 12 July 2014
 
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share buyback

BP raises dividend, promises more share buybacks

BP raised its quarterly dividend for the second time in six months and said more share buy-backs were on the cards, showing how the British oil company's asset sales are providing more cash for investors. Shareholders have urg

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EFG Hermes agrees $143m share buyback

EFG Hermes Holding, a leading investment bank, has finalised a share buyback programme that will aim at returning EGP1 billion ($143.3 million) to the company’s shareholders during the first nine months of 2014. The first ph

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Boeing announces $10bn share buyback

Boeing Company's board has raised the company's dividend by about 50 per cent and also approved $10 billion in new share buyback authority that the company said it would use in the next two to three years. The share repurc

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British IT firm pulls out of takeover talks

British IT company Micro Focus International said it has called off takeover talks after bids for the business fell short of expectations and will now resume a share buyback programme. The firm, which supports mainframe computer applicatio

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Egypt's OCI plans buyback of 440,000 shares

Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Thursday it planned to buy back 440,000 treasury shares on the bourse, or their equivalent in global depository receipts (GDRs). In a statement to the Cairo st

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Union Properties mulls share buyback

Union Properties said on Tuesday its board was considering a buyback programme after its shares lost over 50 per cent of their value this year in a Gulf Arab stock market rout. 'The stock price is a very lucrative price to consider a s

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