Carnival Corp. fell the most in more than 11 years in London trading after saying the grounding of the Costa Concordia off Italy’s Tuscan Coast that killed at least six people will cost the company as much as $95 million.
InterContinental Hotels Group Plc, the world’s largest hotel operator by rooms, rose the most in more than eight months after activist investor Nelson Peltz’s Trian Fund Management LP bought a stake in the company.
Whitbread Plc , owner of the Premier Inn hotel and Costa Coffee brands, fell the most in almost a year in London trading as a decline in consumer sentiment in Britain indicated retail spending may decline.
InterContinental Hotels Group Plc , owner of the Holiday Inn brand, said Chief Executive Officer Andrew Cosslett will step down on June 30 and be succeeded by Richard Solomons , currently chief financial officer and head of commercial development.
Thomas Cook Group Plc, Europe’s second-largest tour operator, plunged 75 percent in London trading after a collapse in bookings caused the company to hold fresh talks with banks and delay its full-year results.