Mitie shares surge as company restarts buyback program

Mitie has announced the restart of its buyback program, leading to a significant surge in its share prices. This move is seen as a strong signal of the company's confidence in its financial health and future prospects. Investors often view buybacks positively, as they can indicate that a company believes its stock is undervalued and is committed to returning value to shareholders. This development not only boosts investor sentiment but also reflects Mitie's strategic focus on enhancing shareholder returns.