InterContinental Hotels Embarks on Share Buyback

Intercontinental Hotels (IHG) has released an update.

InterContinental Hotels Group PLC has been actively purchasing its own shares, with recent transactions aimed at reducing shares in circulation, as authorized by shareholders at the previous Annual General Meeting. These buybacks, executed through Goldman Sachs International on the London Stock Exchange, are part of a strategy that includes canceling the acquired shares, thereby adjusting the total number of shares in issue.

For further insights into IHG stock, check out TipRanks’ Stock Analysis page.