InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group PLC has bought back 17,089 of its ordinary shares, with prices ranging from £84.72 to £86.00 per share, as part of a shareholder-approved plan. These shares will be canceled, reducing the total shares in circulation, which is a move that typically aims to enhance shareholder value by increasing earnings per share.
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