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An announcement from InterContinental Hotels ( (GB:IHG) ) is now available.
InterContinental Hotels Group PLC has repurchased 117,273 of its ordinary shares on the London Stock Exchange at an average price of £100.3398 per share, a decision supported by shareholder approval from the Annual General Meeting. The company plans to cancel these shares, thereby reducing the number of shares in circulation, which can potentially enhance shareholder value by improving earnings per share and returning capital to investors.
More about InterContinental Hotels
InterContinental Hotels Group PLC operates in the hospitality industry, offering a range of hotel services and products focused on delivering exceptional guest experiences across various market segments globally.
YTD Price Performance: 42.46%
Average Trading Volume: 427,872
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.74B
For a thorough assessment of IHG stock, go to TipRanks’ Stock Analysis page.
