InterContinental Hotels ( (GB:IHG) ) just unveiled an announcement.
InterContinental Hotels Group PLC announced the purchase of 100 of its own ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure effectively, 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 brands and services globally. The company focuses on providing premium lodging experiences and operates in various market segments, catering to both business and leisure travelers.
YTD Price Performance: -14.04%
Average Trading Volume: 386,226
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £13.33B
Learn more about IHG stock on TipRanks’ Stock Analysis page.