InterContinental Hotels ( (GB:IHG) ) has shared an update.
InterContinental Hotels Group PLC announced the repurchase of 49,556 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. The company plans to cancel these shares, which will reduce the total number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a multinational hospitality company that operates a wide range of hotel brands across the globe. The company is primarily focused on providing luxury and mid-scale accommodations, catering to both business and leisure travelers. It is a significant player in the global hotel industry with a strong market presence.
YTD Price Performance: -12.06%
Average Trading Volume: 388,919
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £13.72B
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