InterContinental Hotels ( (GB:IHG) ) has provided an update.
InterContinental Hotels Group PLC announced the repurchase of 99 of its ordinary shares from Merrill Lynch International on the London Stock Exchange, as part of a shareholder-approved buyback program. This transaction, intended for share cancellation, reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a prominent player in the hospitality industry, offering a wide range of hotel brands and services worldwide. The company focuses on providing quality accommodation and experiences to travelers across various market segments.
YTD Price Performance: -16.05%
Average Trading Volume: 445,812
Technical Sentiment Signal: Sell
Current Market Cap: £13.06B
For a thorough assessment of IHG stock, go to TipRanks’ Stock Analysis page.