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InterContinental Hotels ( (GB:IHG) ) has provided an announcement.
InterContinental Hotels Group PLC announced the purchase and subsequent cancellation of 74,851 of its ordinary shares on 19 December 2024, as part of a share buyback initiative authorized by shareholders earlier in the year. This move is expected to optimize the company’s capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a global hospitality company operating a diverse portfolio of hotel brands. The company is known for offering accommodations and related services across various market segments, including luxury and midscale hotels, catering to both business and leisure travelers worldwide.
YTD Price Performance: 44.00%
Average Trading Volume: 427,372
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.9B
Learn more about IHG stock on TipRanks’ Stock Analysis page.
