Frasers Group has launched a £60m share buyback during its current closed period.
The company has launched the initiative today via Liberum Capital, and will end it when it announces full-year results.
Frasers’ shares have hit a five-year high this year. The company last conducted a share buyback in May, also for a maximum of £60m.
In April, the company said it is likely to make material impairments of more than £200m to freehold properties, as well as other property, plant and equipment, due to the impact of the Covid-19 pandemic.
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