Shares of automakers jump on buyback and dividend boost
Shares of automakers led European stocks higher Thursday, after Renault sharply raised its dividend following a boost to sales and Stellantis proposed a €3 billion share buyback.
Paris-listed Renault FR:RNO said late Wednesday that it made a net profit in 2023 of €2.315 billion ($2.48 billion), compared to a loss of €716 million in 2022.
The…
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