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26/08/2011 - 14:50

Perpetual stock at 10-week high on buyback

26/08/2011 - 14:50

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Perpetual's shares jumped to a 10-week high after the wealth manager and trustee announced a $70 million off-market share buy-back and an annual profit in line with expectations.The stock surged $2.42, or 10 per cent, to $26.49 after trading as high as $27.49 earlier on Friday.

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