Rare bullish companies still buying own stock

Philips medical hospital health respiratory from co media gallery 575x375
By Jon Hay
02 Apr 2020

As the coronavirus eats into the global economy, most companies are putting their share buy-back programmes on hold — but there are exceptions. ContourGlobal, which generates power in emerging markets, has launched a new buy-back programme, while Philips is using an unusual derivative technique to adapt its plan to crisis conditions.

For the great majority of companies, the Covid-19 crisis threatens their business, at least to some extent. Firms are considering their options for how to make sure they have enough cash to keep operating through what could be an extended period of very difficult conditions.

In many cases ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial