ReutersReuters

IHG weighed down by high interest payment forecast

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** Shares of Holiday Inn-owner IHG IHG down ~3% at 10,365 pence

** IHG's full-year annual room revenue beat expectations, but higher-than-expected interest forecast weighs on stock

** Co sees FY25 adjusted interest expenses of $190-$205 mln vs analysts estimate of $169 mln

** Jefferies says that will lower full-year market estimates for pre-tax profit by ~2.5%, adding to near-term stock weakness

** Stock has gained about 31% in the last 12 months

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