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Smiths Group to begin second £400 million share buyback tranche

Smiths Group Plc has said it will begin the second tranche of its £1 billion share buyback programme once the current £600 million tranche is completed. The new phase will target up to £400 million of ordinary shares, with purchases expected to finish by the end of 2026, and shares may be cancelled or held in treasury.

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The FTSE 100, also known as the Financial Times Stock Exchange 100 Index or FTSE 100 Index is a share index of the 100 companies listed on the UK London Stock Exchange with the highest market capitalisation. It is seen as a gauge of prosperity for businesses regulated by UK company law.