InterContinental Hotels (GB:IHG) has released an update.
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InterContinental Hotels Group PLC has repurchased 40,000 of its own shares on the London Stock Exchange, paying an average price of £99.4065 per share. The company plans to cancel these shares, reducing the total number of shares in circulation. This move is part of a strategy to enhance shareholder value by consolidating equity.
For further insights into GB:IHG stock, check out TipRanks’ Stock Analysis page.
