Davy Morning Equity Briefing
May 26, 2026
CVS Group
Announcement of share buyback
CVS has announced that it is commencing a share buyback of up to £50m (6% of its market cap). This is positive. There has been further progress on acquisitions in Australia, and CVS has also refinanced its banking facilities on improved terms. It will provide an investor presentation on capital allocation on July 23rd.