InterContinental Hotels Group Engages in Share Buyback Program

Intercontinental Hotels Group ( (IHG) ) has shared an announcement.

InterContinental Hotels Group PLC announced a series of transactions involving the repurchase of its own shares on the London Stock Exchange from March 7 to March 20, 2025. These transactions, carried out through Merrill Lynch International, are part of a strategy to manage the company’s share capital, with the intention to cancel the purchased shares. This move reflects the company’s ongoing efforts to optimize its capital structure and potentially enhance shareholder value.

More about Intercontinental Hotels Group

InterContinental Hotels Group PLC is a prominent player in the hospitality industry, offering a wide range of hotel services and accommodations across the globe. The company focuses on providing high-quality lodging experiences and operates a portfolio of well-known hotel brands.

YTD Price Performance: -8.88%

Average Trading Volume: 197,744

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $17.33B

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