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InterContinental Hotels ( (GB:IHG) ) has shared an announcement.
InterContinental Hotels Group PLC announced the repurchase of 102,777 of its ordinary shares on 17 December 2024, as part of a program authorized by shareholders earlier in the year. This move, executed through Goldman Sachs International on the London Stock Exchange, aims to cancel the purchased shares, reducing the total number of shares in issue and potentially enhancing shareholder value.
More about InterContinental Hotels
InterContinental Hotels Group PLC operates in the hospitality industry, primarily offering hotel and lodging services. The company is known for its diverse portfolio of brands and focuses on providing quality accommodation services across various market segments.
YTD Price Performance: 42.83%
Average Trading Volume: 424,053
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.79B
Learn more about IHG stock on TipRanks’ Stock Analysis page.
