GlobalData shares rise on plans for PS10 million share buyback
GlobalData PLC shares climbed on Monday as it said it will launch a £10 million buyback programme this week.
The London-based data analytics and consultancy is holding a capital markets event on Monday, which it said will cover recent developments in its platforms and will focus on investments made in artificial intelligence-enablement.
The firm said it continues to generate ‘robust’ cash flow from operations, and it is making ‘encouraging’ progress with ‘robust contracted forward revenue and subscription growth’.
GlobalData said it intends to launch a £10 million share buyback this week, following the return of £60.0 million via a tender offer in September.
The company bought back £39.7 million of shares in the first half of the financial year.
GlobalData said it ‘remains committed’ to the planned move to the Main Market. It will provide an update on expected timings during the week commencing January 12, 2026.
Shares in GlobalData were up 6.7% at 106.49 pence on Monday morning in London.
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