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Diageo launches latest tranche of share buyback

Fri 26 November 2021 07:32 | A A A

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(Sharecast News) - Drinks giant Diageo said it had begun the latest tranche of its £4.5bn share buyback programme.

The company said it planned to buy back up to £1bn by the end of fiscal 2022 and will start buying stock between now and March 4, 2022.

Under the first tranche of the second phase, which was completed on November 12, Diageo repurchased shares to a value of £450m. The programme runs until June 2024.

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