InterContinental Hotels ( (GB:IHG) ) has issued an update.
InterContinental Hotels Group PLC announced the repurchase of 100 of its ordinary shares on the London Stock Exchange as part of a shareholder-approved buyback program. The company plans to cancel the purchased shares, which could potentially enhance 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, primarily offering hotel and resort services across various global markets.
YTD Price Performance: -15.19%
Average Trading Volume: 432,314
Technical Sentiment Signal: Sell
Current Market Cap: £13.19B
See more data about IHG stock on TipRanks’ Stock Analysis page.