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InterContinental Hotels
(LSE:IHG)
InterContinental Hotels (IHG) vs. iShares MSCI United Kingdom ETF (EWC)
InterContinental Hotels Business Overview & Revenue Model
InterContinental Hotels Earnings Call Summary
InterContinental Hotels Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.92B | 3.73B | 3.89B | 2.91B | 2.39B |
| Gross Profit | 1.46B | 1.94B | 1.09B | 893.00M | 536.00M |
| EBITDA | 1.25B | 1.25B | 815.00M | 692.00M | 31.00M |
| Net Income | 628.00M | 750.00M | 375.00M | 266.00M | -260.00M |
Balance Sheet | |||||
| Total Assets | 4.75B | 4.81B | 4.22B | 4.72B | 5.04B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 1.33B | 976.00M | 1.45B | 1.63B |
| Total Debt | 3.69B | 3.59B | 2.82B | 3.26B | 4.22B |
| Total Liabilities | 7.06B | 6.76B | 5.82B | 6.19B | 6.89B |
| Stockholders Equity | -2.31B | -1.95B | -1.61B | -1.48B | -1.86B |
Cash Flow | |||||
| Free Cash Flow | 646.00M | 811.00M | 547.00M | 584.00M | 61.00M |
| Operating Cash Flow | 724.00M | 893.00M | 646.00M | 636.00M | 137.00M |
| Investing Cash Flow | -99.00M | -137.00M | -78.00M | -12.00M | -61.00M |
| Financing Cash Flow | -894.00M | -417.00M | -961.00M | -860.00M | 1.35B |
InterContinental Hotels Technical Analysis
InterContinental Hotels Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £1.69B | 10.10 | 6.90% | ― | 1.95% | 275.56% | |
77 Outperform | £5.64B | 22.81 | 7.40% | 299.11% | -1.28% | -11.17% | |
71 Outperform | £13.26B | 28.31 | -27.16% | 0.01% | 3.55% | -14.32% | |
70 Outperform | £3.93B | 17.88 | 4.92% | 852.25% | -3.22% | -37.21% | |
66 Neutral | £29.45B | 14.49 | 30.56% | ― | 8.40% | 172.06% | |
63 Neutral | £680.42M | 24.24 | 8.99% | 171.68% | 6.80% | 27.42% | |
63 Neutral | $17.10B | 10.79 | -8.01% | 2.94% | 1.62% | -25.73% |
InterContinental Hotels Corporate Events
InterContinental Hotels Group PLC announced the repurchase of 670 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, part of a shareholder-approved buyback program, aims to cancel the purchased shares, thereby potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 21,015 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This move, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 34,365 of its ordinary shares from Merrill Lynch International on the London Stock Exchange, as part of a shareholder-approved buyback program. The repurchased shares will be canceled, reducing the total number of shares in circulation, which could potentially enhance shareholder value and impact the company’s stock performance.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 46,781 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This move, authorized by shareholders, aims to reduce the number of shares in circulation by canceling them, potentially enhancing shareholder value and optimizing capital structure.
The most recent analyst rating on (GB:IHG) stock is a Hold with a £87.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 25,846 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The company intends to cancel these shares, which could potentially enhance shareholder value by reducing the total number of shares outstanding. This move reflects the company’s strategic efforts to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the purchase of 2,217 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders at the Annual General Meeting. The company intends to cancel these shares, which is a strategic move to potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 4,556 of its ordinary shares on the London Stock Exchange, with plans to cancel these shares. This transaction, executed through Merrill Lynch International, reflects the company’s ongoing strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the purchase of 39,880 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This move, aimed at reducing the number of shares in circulation, reflects the company’s strategy to enhance shareholder value by canceling the purchased shares, potentially impacting its stock price and market capitalization.
The most recent analyst rating on (GB:IHG) stock is a Hold with a £87.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced that as of June 30, 2025, its issued share capital consists of 160,888,656 ordinary shares, with 6,206,782 held in treasury, resulting in 154,681,874 total voting rights. This update follows recent share purchases and cancellations authorized by shareholders, impacting how stakeholders calculate their interests under financial regulations.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 8,763 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders earlier this year. The shares were acquired at a volume-weighted average price of £83.5235 per share and are intended to be canceled, reducing the total number of shares in circulation. This move is part of the company’s strategy to optimize its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the purchase of 14,503 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure by reducing the number of shares in circulation, potentially enhancing shareholder value.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £8600.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 20,627 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value and will result in the cancellation of the purchased shares, thereby reducing the total number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 45,257 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. This move, intended to cancel the purchased shares, reflects the company’s strategic approach to managing its capital structure and enhancing shareholder value.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 59,014 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This move is intended to cancel the purchased shares, thereby reducing the total number of shares in circulation, which could potentially enhance shareholder value and improve earnings per share.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £8600.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC has repurchased 67,628 of its ordinary shares from Merrill Lynch International on the London Stock Exchange, as part of a shareholder-approved buyback initiative. This transaction, intended to cancel the purchased shares, reflects the company’s strategic move to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 66,035 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. The transaction, authorized by shareholders, is part of the company’s strategy to manage its share capital and enhance shareholder value. The purchased shares are intended to be canceled, reducing the total number of shares in issue and potentially increasing the value of remaining shares.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 66,295 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. The move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 57,846 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 55,784 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, authorized by shareholders, aims to cancel the purchased shares, reducing the total number of shares in issue and potentially enhancing shareholder value.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 46,825 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This strategic move aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and strengthening the company’s market position.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced a managerial shareholding update involving Daniel Aylmer, the Chief Executive Officer for Greater China. The transaction involved the transfer of 1,514 ordinary shares at nil consideration, following the vesting of shares under a Deferred Award Plan. This move reflects the company’s ongoing commitment to aligning managerial interests with shareholder value, potentially impacting its operational strategies in the Greater China region.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 52,062 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, authorized by shareholders, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The repurchased shares are intended to be canceled, reducing the total number of shares in issue, which could potentially increase the value of remaining shares and improve the company’s financial metrics.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced that its CEO, Elie Maalouf, has acquired 7.545 American Depositary Receipts through a dividend reinvestment plan. This transaction, conducted on the NYSE, reflects a strategic move by the CEO, potentially signaling confidence in the company’s financial health and future prospects, which could positively influence stakeholder perceptions.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 39,258 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, authorized by shareholders, is part of the company’s strategy to manage its capital structure effectively. The repurchased shares are intended to be canceled, which may impact the company’s share value and benefit shareholders by potentially increasing earnings per share.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the purchase of 31,167 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This move is intended to enhance shareholder value by reducing the number of shares in circulation, which may positively impact the company’s stock price and market perception.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 28,991 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The company intends to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 28,121 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial stability.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 28,753 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The company intends to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares in circulation, thus impacting the company’s market positioning and financial metrics.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 30,043 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The company plans to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £8600.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 27,161 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This strategic move is intended to reduce the number of shares in circulation, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £8600.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 26,893 ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. This move, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, potentially boosting earnings per share and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC has executed a buyback of 27,497 of its ordinary shares on the London Stock Exchange, with the intention to cancel them. This move, authorized by shareholders, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced that as of 31 May 2025, its issued share capital comprises 161,717,179 ordinary shares, with 6,206,782 held in treasury, resulting in 155,510,397 total voting rights. This update follows the company’s recent share buybacks authorized at the Annual General Meeting, impacting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 23,914 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the purchase of 16,898 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. This transaction, conducted through Merrill Lynch International, aims to cancel the purchased shares, thereby potentially enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the purchase of 4,878 of its ordinary shares on the London Stock Exchange, executed through Merrill Lynch International. This transaction is part of a share buyback program authorized by shareholders, aimed at reducing the number of shares in circulation to potentially enhance shareholder value. The company plans to cancel the purchased shares, which may impact its stock liquidity and market perception.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the purchase of 8,354 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This transaction, executed with Merrill Lynch International, reflects the company’s strategic focus on optimizing its capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the repurchase of 408 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The company intends to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the granting of share awards under its Deferred Award Plan for the 2025-2027 cycle to several key executives. This move is part of the company’s strategy to align management interests with long-term shareholder value, potentially impacting its operational focus and stakeholder relations positively.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.
InterContinental Hotels Group PLC announced the successful passage of all resolutions at its 2025 Annual General Meeting. The resolutions included the approval of the Directors’ Remuneration Policy and Report, the re-election of several directors, and the reappointment of the auditor. The IHG Board expressed gratitude towards shareholders for their support, particularly noting the backing from the top 10 largest shareholders. The Board plans to continue engaging with shareholders and proxy advisers, with an update on this engagement to be published within six months, aligning with the UK Corporate Governance Code.
InterContinental Hotels Group PLC announced the purchase of 452 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation.
InterContinental Hotels Group PLC reported a strong first quarter in 2025, with a global RevPAR increase of 3.3%, driven by growth in the Americas and EMEAA regions, despite a decline in Greater China. The company achieved significant development milestones, opening 14,600 rooms and signing 25,800 rooms, bolstered by the acquisition of the Ruby brand. IHG remains on track to meet full-year profit expectations, supported by its robust growth strategy and ongoing share buyback program, which has returned substantial capital to shareholders.
InterContinental Hotels Group PLC announced the repurchase of 13,492 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, authorized by shareholders, is part of the company’s strategy to manage its capital structure and enhance shareholder value by canceling the purchased shares, leaving 155,565,301 ordinary shares in issue.
InterContinental Hotels Group PLC announced that as of April 30, 2025, its issued share capital consists of 161,785,575 ordinary shares, with 6,206,782 held in treasury, resulting in 155,578,793 total voting rights. This update follows recent share purchases and cancellations authorized by shareholders, impacting the company’s capital structure and potentially influencing shareholder voting dynamics.
InterContinental Hotels Group PLC has repurchased 29,135 of its ordinary shares on the London Stock Exchange, with plans to cancel these shares. This transaction, executed through Merrill Lynch International, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value.
InterContinental Hotels Group PLC announced the final dividend for 2024 at 114.4 cents per share, with the corresponding Pence Sterling amount set at 86.0 pence per share, based on an exchange rate of £1:US$1.3299. This dividend is subject to shareholder approval at the upcoming Annual General Meeting and will be paid on 15 May 2025 to shareholders registered by 4 April 2025, reflecting IHG’s financial strategy and shareholder value focus.
InterContinental Hotels Group PLC announced the repurchase of 38,536 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. This move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial health.
InterContinental Hotels Group PLC announced the repurchase of 47,321 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, executed under the authority granted by shareholders, is part of the company’s strategy to manage its capital structure effectively. The repurchased shares are intended to be canceled, which will reduce the total number of shares in circulation, potentially benefiting shareholders by increasing the value of remaining shares.