An update from InterContinental Hotels ( (GB:IHG) ) is now available.
InterContinental Hotels Group PLC announced the repurchase of 60,942 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The company plans to cancel the repurchased shares, which may positively impact its share value by reducing the number of shares in circulation, potentially benefiting shareholders.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a prominent player in the hospitality industry, offering a range of hotel services and accommodations. The company operates a wide portfolio of hotel brands catering to various market segments, from luxury to budget-friendly options, and is focused on expanding its global footprint.
YTD Price Performance: -2.97%
Average Trading Volume: 379,563
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.17B
Learn more about IHG stock on TipRanks’ Stock Analysis page.