2318 GMT - Aurizon Holdings's upsized share buyback surprises Macquarie. Aurizon yesterday said it would extend its A$150 million buyback by another A$100 million, noting the decision was supported by solid free cashflow in FY 2025 so far. That cashflow includes net proceeds from the settlement of a lawsuit. As a result, Macquarie considers the additional buyback, while positive, to be a one off. It retains a neutral call on Aurizon's stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 12, 2024 18:19 ET (23:19 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.