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What are stock buybacks?

Next is returning £169m to shareholders through stock buybacks or a special dividend. A buyback is when a company repurchases its own shares from the open market. This reduces the number of shares available, which can increase the value of the remaining shares and boost earnings per share, often seen as a positive sign by investors.

Stories that explain this

Next raises profit target to £1.24bn, plans £169m payout.

This explainer came from a news story

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