InterContinental Hotels faces CMA investigation

Shares in Holiday Inn owner InterContinental Hotels Group (IHG) fell 5% after news the company is facing a CMA (Competition & Markets Authority) investigation. The announcement adds to pressure on the stock as international tourism is expected to take a dive on conflict in the Middle East. Share price: $131 (-5%) PE: 23.9x Market cap: … Continue reading InterContinental Hotels faces CMA investigation