Shares in Intercontinental Hotels Group (IHG) were flat despite the firm announcing a $950 million buyback alongside its FY25 results. The group owns the Crowne Plaza, Holiday Inn and Intercontinental chains, with revenue heavily weighted to the Americas. Share price: $144.60 (unch) PE: 27x Market cap: $21.8bn Yield: 1.3% Weak underlying growth For FY25, IHG … Continue reading IHG shares flat despite $950 million buyback