The latest update is out from InterContinental Hotels ( (GB:IHG) ).
InterContinental Hotels Group PLC announced the repurchase of 100 of its ordinary shares from Merrill Lynch International on the London Stock Exchange, as part of a buyback initiative approved by shareholders. This transaction reflects the company’s strategic move to manage its share capital 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 services and accommodations across various global markets. The company focuses on providing luxury and premium hotel experiences, catering to both business and leisure travelers worldwide.
YTD Price Performance: -14.39%
Average Trading Volume: 438,924
Technical Sentiment Signal: Sell
Current Market Cap: £13.32B
Learn more about IHG stock on TipRanks’ Stock Analysis page.