InterContinental Hotels ( (GB:IHG) ) just unveiled an update.
InterContinental Hotels Group PLC announced the repurchase of 104,167 of its own shares on the London Stock Exchange, following shareholder approval at the company’s 2024 Annual General Meeting. The repurchase, conducted through Merrill Lynch International, is part of a strategic move to manage its capital structure and improve shareholder value, with the intention to cancel the purchased shares, effectively reducing the total number of shares in circulation.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a multinational hospitality company, primarily operating in the hotel and resort industry. It manages a broad portfolio of hotel brands, offering accommodations across various market segments worldwide.
YTD Price Performance: 1.47%
Average Trading Volume: 362,364
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £16.09B
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