InterContinental Hotels ( (GB:IHG) ) has issued an announcement.
InterContinental Hotels Group PLC announced the repurchase of 49,672 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by its shareholders. This move is intended to reduce the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating the company’s commitment to returning value to shareholders.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a prominent player in the hospitality industry, known for its wide range of hotel brands and services catering to various market segments globally.
YTD Price Performance: -13.26%
Average Trading Volume: 400,934
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £13.5B
Learn more about IHG stock on TipRanks’ Stock Analysis page.