• Frustration for IHG

Richard Solomons, chief executive of IHG, has expressed frustration at the short term attitude of investors, after a share price fall. Analysts had hoped IHG would return more cash to shareholders, in year end results just announced, reports the London Times.

Solomons said shareholders should not be disappointed to have had USD9.6bn returned to them since 2003. Analysts see the potential for a further USD1.3bn to be returned from the sale of the group’s last remaining owned properties.

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