Lithia & Driveway Boosts Share Repurchase Program By $350 Mln
(RTTNews) - Automotive retailer Lithia & Driveway (LAD) announced Tuesday a $350 million increase to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $660 million.
To date this year, LAD has invested over $156 million to repurchase nearly 609,500 shares, 2.2% of outstanding shares, at a weighted average price of $257 per share.
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U.S. Consumer Sentiment Improves More Than Expected In November
Preliminary data released by the University of Michigan on Friday showed consumer sentiment has improved by more than expected in the month of November. The University of Michigan said its consumer sentiment index climbed to 73.0 in November from 70.5 in October. Economists had expected the index to inch up to 71.0.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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European Shares Slide As China Approves $838bn Debt Swap
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FTSE 100 Drifts Lower In Lackluster Trade
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