Bellway PLC - Newcastle upon Tyne-based housebuilder - Completes share buyback programme announced in late March to purchase up to £100 million of its shares for cancellation. Around £100 million is successfully returned to shareholders across the programme. Says Citigroup Global Markets Ltd, who it was announced in mid June had undertaken the second tranche on Bellway’s behalf, repurchased 2.4 million shares for around £50 million, excluding stamp duty and expenses.

Current stock price: 2,034 pence

12-month change: up 7.1%

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