Shares in Carnival plc, the British constituent of the Carnival Corp & plc group, opened firmer in London on Friday morning after the group had said it would reinstate a $1 billion share repurchase programme and quarterly dividend of $0.25 per share.

 Shares in Carnival plc traded 0.8% higher at £25.44 in early London trading on Friday. The FTSE100 index of leading shares had firmed 0.3% in the same time.

Carnival plc is a British company listed in London and New York, with legal domicile at 5 Gainsford Street in London. Carnival Corporation is a Panamanian company, whose headquarters are in Miami and which is listed in New York.

The two companies trade as a single entity and have identical boards.