Sony stock jumps after first-ever share buyback announcement
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TOKYO (Reuters) - Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen (£702.8 million), helping its stock recover from a hammering days earlier when investors freaked over lacklustre earnings.The announcement marked Japan's second major buyback this week after tech investor SoftBank Group Corp scheduled the repurchase of 600 billion yen in shares using proceeds from the IPO of its telecoms unit, sending its stock price soaring.Japanese firms have been..