• Solomons dismisses deal

IHG chief Richard Solomons says there is no need for big deals, to provide growth in the hotel sector. Responding to new of a recent bid for IHG, he said each of the big players had ample growth opportunities, reports Bloomberg.

Solomons said IHG has created massive value and delivered to shareholders. The company’s brands have a huge organic pipeline, including many openings in emerging markets.
Read the full story here:
http://www.bloomberg.com/news/2014-06-02/intercontinental-ceo-says-merger-not-needed-for-growth.html

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