Billionaires increase InterContinental stake

Shares in InterContinental Hotels made fresh gains today after it emerged the billionaire Barclay brothers now owned more than 8% of the group.

Billionaires increase InterContinental stake
Tue, 01 May, 2007 - 14:33

Shares in InterContinental Hotels made fresh gains today after it emerged the billionaire Barclay brothers now owned more than 8% of the group.

The increased shareholding of the pair’s investment vehicle, Ellerman, ensured the blue-chip stock continued to hover near record highs, up 18p at 1234p.

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