InterContinental Hotels ( (GB:IHG) ) just unveiled an announcement.
InterContinental Hotels Group PLC announced the purchase of 300 of its own ordinary shares on the London Stock Exchange, with the highest price paid per share being £83.50. This transaction is part of the company’s ongoing share buyback program authorized by shareholders, and the purchased shares are intended to be canceled, reducing the total number of shares in circulation. This move is likely to impact the company’s share value and reflects a strategic effort to manage its capital structure effectively.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a prominent player in the hospitality industry, offering a wide range of hotel services and accommodations worldwide. The company focuses on providing luxury and mid-scale hotel experiences under various renowned brands, catering to both business and leisure travelers.
YTD Price Performance: -16.34%
Average Trading Volume: 450,026
Technical Sentiment Signal: Sell
Current Market Cap: £12.9B
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