GlobalData Plc has announced a new share buyback programme of up to a maximum consideration of £10 million.

The UK data giant moved to the main market of the London Stock Exchange earlier this month after reporting a rise in annual revenues.

It was individually targeted by PE firms KKR and ICG for takeovers last summer, but those talks collapsed.

The buyback programme is expected to commence today and be completed before the company’s interim results are published.