Markets
IHG

InterContinental Hotels Group Gains 7%

February 20, 2024 — 10:53 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - InterContinental Hotels Group PLC (IHG) shares are gaining more than 7 percent on Tuesday morning trade after the company reported an increase in full-year profit, supported by an 18.8 percent increase in revenues. The company is said to be planning to buy back up to $1 billion in shares.

Currently, shares are at $105.26, up 7.68 percent from the previous close of $97.76 on a volume of 217,576.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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