Intercontinental Hotels (IHG) has released an update.
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InterContinental Hotels Group PLC has reported purchasing 10,000 of its own shares on March 8, 2024, with plans to cancel them, impacting the stock’s availability. The transactions were conducted on the London Stock Exchange, with the price per share ranging from £80.9000 to £82.0200. This buyback reflects the company’s use of shareholder-approved authority to potentially influence its share price and outstanding share count.
For further insights into IHG stock, check out TipRanks’ Stock Analysis page.