InterContinental Hotels chief warns London stock market ‘not a very attractive place’

Last month CRH, the world’s biggest building materials group, said it would relist in New York and Cambridge-based chip designer Arm shunned a secondary London listing despite pleas from the UK government. Flutter, the world’s largest listed gambling company, is awaiting the result of a shareholder vote about a secondary US listing, with an eye to switching its primary listing in future.

London’s stock market “hasn’t been on its front foot for a little while and needs to find its way back there”, he added. His comments came as the travel sector continues its recovery from the pandemic. Despite fears that an economic slowdown would undermine the rebound, Barr insisted that “no one’s seeing any cracks in travel right now”.

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