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BUZZ-InterContinental: in-line FY fails to support valuation

** InterContinental Hotels (Other OTC: ICHGF - news) down 4.3 pct, heading for its biggest one-day fall since late 2011 despite posting broadly in-line FY results

** Analysts cite stretched valuations as the main catalyst, with stock up almost 30 pct over last yr (up until Monday's close) vs c.3 pct rise from UK benchmark

** Stock trades on 12-mth fwd PE of 24 times, Thomson Reuters data shows

** IHG reports 10 pct rise in 2014 profit, led by strong growth in the US, its biggest market

** Top FTSE 100 faller in relatively strong trading volume (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)