An announcement from InterContinental Hotels ( (GB:IHG) ) is now available.
InterContinental Hotels Group PLC announced the purchase of 70,870 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, authorized by shareholders, is part of the company’s strategy to manage its share capital effectively. The purchased shares are intended to be canceled, which may 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 leisure services across the globe. The company focuses on providing high-quality accommodations and experiences to its customers, maintaining a strong presence in various international markets.
YTD Price Performance: -8.46%
Average Trading Volume: 385,588
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £14.29B
For detailed information about IHG stock, go to TipRanks’ Stock Analysis page.