InterContinental Hotels ( (GB:IHG) ) has provided an announcement.
InterContinental Hotels Group PLC announced the repurchase of 13,608 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure effectively and potentially enhance shareholder value by reducing the number of shares in circulation.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a prominent player in the hospitality industry, offering a wide range of hotel and resort services across the globe. The company focuses on providing luxury and mid-scale accommodation options, catering to both business and leisure travelers.
YTD Price Performance: -8.58%
Average Trading Volume: 382,984
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £14.27B
Learn more about IHG stock on TipRanks’ Stock Analysis page.
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