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Sony Group Corporation (0L83.L)
- Reuters
Sony shares leap on buyback and dividend plans, higher profit outlook
Shares in Sony Group jumped on Wednesday after the company pledged to boost shareholder returns and forecast higher annual profit with a boost from its image sensors business.
- Reuters
Sony shares leap 12% on buyback and dividend plans, higher profit outlook
Shares in Sony Group jumped 12% in early Tokyo trading on Wednesday after the company pledged to boost shareholder returns and forecast higher annual profit with a boost from its image sensors business. The tech and entertainment conglomerate said it would spend up to 250 billion yen ($1.6 billion) on a share buyback and gradually increase dividends with a target of a 40% total payout ratio by the financial year ending March 2027. All in all, Sony said it will allocate 1.8 trillion yen over the next three years to growth investments and share repurchases.
- The Telegraph
Rate cuts thrown into doubt amid rising wages and jump in US inflation
Workers’ wages are rising too fast to cut interest rates, the Bank of England’s chief economist has warned.
