An announcement from InterContinental Hotels ( (GB:IHG) ) is now available.
InterContinental Hotels Group PLC announced the repurchase of 86,162 of its ordinary shares, including 61,668 shares from the London Stock Exchange, as part of a buyback program authorized by shareholders. This move, executed through Merrill Lynch International, aims to cancel the purchased shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a prominent player in the hospitality industry, offering a wide range of hotel and resort services across the globe. The company is known for its diverse portfolio of brands catering to different market segments, including luxury, upscale, and midscale accommodations.
YTD Price Performance: -0.54%
Average Trading Volume: 374,330
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.6B
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