InterContinental Hotels ( (GB:IHG) ) has shared an update.
InterContinental Hotels Group PLC announced the repurchase of 80,546 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. This move, executed through Merrill Lynch International, is intended to cancel the purchased shares, potentially enhancing 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 resort services globally. The company focuses on providing luxury and mid-scale accommodations and is known for its strong market presence across various regions.
YTD Price Performance: -2.59%
Average Trading Volume: 360,533
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.27B
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