Australia's Worley rises on share buyback plan

Worley

14/05/2026 02:04

Updates

** Shares of Australia's Worley WOR.AX rise as much as 3.8% to A$12.420, hitting their highest level since February 26

** Stock logs best intraday session since April 21

** Engineering firm says it will undertake a new share buyback of up to A$300 million ($217.65 million)

** Jefferies says WOR's balance sheet is well-positioned to deliver the new share buyback

** Stock down nearly 3% this year, including the day's move

($1 = 1.3784 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))