InterContinental Hotels ( (GB:IHG) ) has issued 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, is part of the company’s strategy to manage its share capital 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, known for its extensive portfolio of hotel brands. The company focuses on providing high-quality lodging services across various market segments, catering to both business and leisure travelers globally.
YTD Price Performance: -14.59%
Average Trading Volume: 437,096
Technical Sentiment Signal: Sell
Current Market Cap: £13.29B
See more data about IHG stock on TipRanks’ Stock Analysis page.