NCC Group shares rise after new share buyback plan and capital reduction

NCC

07/07/2026 08:18

** Shares of UK-based cybersecurity firm NCC Group up 4.6% at 136.6 p
**Co announces a new £15 million ($20.06 million) share buyback programme and a capital reduction that will create £225 million in distributable reserves
** "As noted at the 1H26 results, we believe NCC is set to deliver strong profit growth to FY28E. AI has increased threat risks, and if leveraged correctly, can be a tailwind to NCC"- Peel Hunt
** YTD, stock has fallen 6.1% 
     
     
     
($1 = 0.7477 pounds)

 (Reporting by Tuhina in Bengaluru)
 ((Tuhina@thomsonreuters.com))