The latest update is out from InterContinental Hotels ( (GB:IHG) ).
InterContinental Hotels Group PLC announced the repurchase of 13,542 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. This move 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 global hospitality company known for its wide range of hotel brands, including InterContinental, Holiday Inn, and Crowne Plaza. The company focuses on providing quality accommodation and hospitality services across various market segments worldwide.
YTD Price Performance: -15.49%
Average Trading Volume: 453,231
Technical Sentiment Signal: Sell
Current Market Cap: £13.01B
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