IHG Shares Up as InterContinental Hotels Buyback Lifts Stock Before August Earnings
InterContinental Hotels Group shares rose 3.02% to $165.25 in London at 13:53 BST after disclosing a buyback of 20,000 shares on June 11 at an average $162.76 each. The company will cancel the repurchased shares, reducing its outstanding count to 149,363,876. IHG’s next earnings release is scheduled for August 11.