How to understand the financial pages – [Times Online] Buyback This is when a company buys back its own shares from the shareholders. The move might be seen as positive for investors in that it will reduce the number of shares in issue and so increase the earnings per share. It is also a way for investors to sell their shares without incurring such costs as broker’s fees that would apply if they sold in the open market. But a buyback is only possible when a company has a surplus of cash, and it may suggest that it has nothing better to do with it…
