Frasers Group PLC (LSE:FRAS) shares headed higher after the retailer announced a £35mln share buyback programme.
The company said the programme will last until its next trading update which is scheduled for 21 July. The trading update will exclude digital retailer Studio Retail Ltd, which the company bought out of administration in February of this year.
Shares in Frasers were up 4.5% at 633.5p in mid-morning trading.