Welcome to our dedicated page for Intercontinental news (Ticker: ICHGF), a resource for investors and traders seeking the latest updates and insights on Intercontinental stock.
The news feed for INTERCONTL HOTLS ORD NEW (ICHGF) focuses on developments related to InterContinental Hotels Group PLC and its IHG Hotels & Resorts business. As a global hospitality company with a large portfolio of hotel brands and the IHG One Rewards loyalty programme, IHG regularly issues updates that are relevant to investors tracking the hotels and lodging sector.
Recent communications highlight sustainability initiatives, such as the launch of the Low Carbon Pioneers programme. In this programme, IHG brings together energy efficient hotels that have no fossil fuels combusted on-site (other than limited backup generators) and are backed by renewable energy. News items describe how these hotels use high-efficiency heat pumps, fully electric kitchens, recognised sustainability or building certifications and IHG’s Green Engage environmental platform to track and manage energy data.
Filings and press releases also cover corporate actions and governance, including share repurchase activity, total voting rights announcements and board appointments. For example, IHG has reported multiple transactions in its own ordinary shares on the London Stock Exchange under AGM authority, as well as the appointment of a new Non-Executive Director to strengthen the Board’s expertise across finance, technology, sustainability and commercial property.
Investors following ICHGF can use this news stream to monitor how IHG advances its Journey to Tomorrow responsible business plan, manages its capital structure and responds to evolving guest and corporate client expectations around carbon reduction and hospitality offerings. Regular updates provide context for understanding the group’s strategic direction and operational priorities within the global hotel industry.
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InterContinental Hotels Group PLC announced the purchase of 11,976 ordinary shares at an average price of £56.3491 on January 30, 2023, through Goldman Sachs International. This transaction was authorized by shareholders at the AGM on May 6, 2022. The shares will be canceled post-purchase, reducing the total number of ordinary shares in circulation to 175,399,858, excluding treasury shares. The highest price paid was £56.5800, and the lowest was £56.0400. This share buyback reflects the company's commitment to returning capital to shareholders.
InterContinental Hotels Group PLC announced the purchase of 9,500 ordinary shares on January 25, 2023, through Goldman Sachs International on the London Stock Exchange. The purchase, conducted under the authority granted by shareholders at the AGM on May 6, 2022, had an average price of £56.5963, with a low of £56.3000 and a high of £57.0600. Following this transaction, the total number of ordinary shares in issue stands at 175,430,771, excluding 7,506,782 held in treasury. The purchased shares are intended for cancellation.
On January 23, 2023, InterContinental Hotels Group acquired 8,984 of its ordinary shares at an average price of £56.3650 through Goldman Sachs International, as authorized by shareholders at the Annual General Meeting on May 6, 2022. The share purchase followed prior instructions issued on August 9, 2022. The lowest price paid per share was £56.1400, while the highest reached £56.6000. Subsequently, the company plans to cancel these purchased shares, leaving a total of 175,449,181 ordinary shares in circulation.
On January 19, 2023, InterContinental Hotels Group announced the purchase of 7,469 ordinary shares at an average price of £55.9502 each on January 18, 2023, as authorized by shareholders during the Annual General Meeting on May 6, 2022. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this purchase, the total number of ordinary shares outstanding is 175,465,665, excluding 7,506,782 shares held in treasury. The company plans to cancel the shares purchased in this transaction.
On January 16, 2023, InterContinental Hotels Group purchased 5,900 ordinary shares at an average price of £54.13 each through Goldman Sachs International. This buyback aligns with shareholder approval from the Annual General Meeting held on May 6, 2022. The lowest price paid per share was £54.00 while the highest reached £54.20. The company plans to cancel these shares following the transaction. Post-purchase, there are 175,480,634 ordinary shares outstanding, excluding 7,506,782 in treasury.
On December 30, 2022, InterContinental Hotels Group completed the purchase of 4,027 ordinary shares at an average price of £47.5948 each. This action was authorized during the Annual General Meeting on May 6, 2022, and followed instructions issued on August 9, 2022. The company's total issued shares now stand at 175,605,597, excluding treasury shares. The purchased shares are intended to be canceled, which may positively impact future earnings per share by reducing the total share count.
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