InterContinental Hotels ( (GB:IHG) ) has issued an update.
InterContinental Hotels Group PLC has repurchased 51,214 of its own ordinary shares on the London Stock Exchange, with plans to cancel these shares. This move, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a global hospitality company that operates a wide range of hotel brands. The company is known for its portfolio of upscale and luxury hotels, catering to both business and leisure travelers worldwide.
YTD Price Performance: -14.43%
Average Trading Volume: 393,387
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £13.59B
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