Share buybacks reach a new record in Europe ($17 billion in August and $170 billion year-to-date), keeping stock markets at record highs
The Corner According to analysis by Morgan Stanley, share buybacks in Europe reached approximately $17 billion in August, making it the highest August on record (+14% year-on-year). Year-to-date cumulative buybacks in Europe have now risen to ~$170 billion, an all-time high and 12% above the previous record. Measured in U.S. dollars, the largest programs include: Shell: program exceeding $7…
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