Adecco plans share buyback

Adecco will buy back up to €400m (£319.5m) of shares from mid-July, the world’s largest staffing company said yesterday. Adecco, which has a market capitalisation of about £4.6bn, said it would fund the share buyback in the debt capital market and was planning to issue bonds in the near future, subject to market conditions. The Swiss company last month posted forecast-beating first quarter profit.