1091 days ago • Posted by William Ramstein
Buyback bonanza in Europe reaches $1.80B
While buyback figures remain lower than same time last year, we have been seeing a steady increase in European buyback programs. Cash held on European balance sheets spiked last year as companies made pre-emptive cost cuts, sought government support and, in the case of banks, were barred from paying dividends. The result was a cash pile so large it offset rising debt issuance, leading to an overall decrease in net debt. That has dialed up the pressure on executives to resume distributions.
Source: Bloomberg
