Travel&leisure stocks and financials lead gains
1st Jul 2016 14:43
(ShareCast News) - Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from fa
Read moreThursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read moreLondon pre-open: All eyes trained on April US jobs report
6th May 2016 07:45
(ShareCast News) - Stocks in London are being called to start the day with slight losses as investors waited on this afternoon's US jobs report. The US jobs market is thought to be in good shape but the weaker-than-expected results of a private sector survey on hiring conditions released on 4 May ha
Read moreJPMorgan cuts InterContinental Hotels to 'underweight'
15th Apr 2016 08:48
(ShareCast News) - JPMorgan Cazenove downgraded InterContinental Hotels Group to 'underweight' from 'neutral' but lifted the price target to 2,865p from 2,750p as it took at the European hotels sector. The bank said InterContinental appeared the most at risk in its coverage, with its pipeline not wa
Read moreSector movers: Travel stocks hit in wake of Brussels attacks
22nd Mar 2016 15:49
(ShareCast News) - UK share indices were trading sideways on Tuesday after the Brussels terror attacks earlier in the day, which from an investment perspective hit travel companies especially hard. The FTSE 100 index however recovered from its earlier losses in the aftermath of reports emerging of
Read moreBroker tips: OneSavings Bank, UK housebuilders, InterContinental Hotels
17th Mar 2016 13:40
(ShareCast News) - OneSavings Bank's shares surged on Thursday as Investec reiterated its 'buy' rating and target price of 380p after the company reported a jump in full year profits. The company reported underlying profit before tax was up 52% to £105.9m in 2015, and loans and advances grew 31% to
Read moreInterContinental Hotels drops on Morgan Stanley downgrade
17th Mar 2016 09:20
(ShareCast News) - InterContinental Hotels Group was under pressure after Morgan Stanley downgraded its rating on the stock to 'equalweight' from 'overweight' as the shares approach its 3,050p price target with a more balanced risk-reward. MS noted the stock has enjoyed a fairly strong performance t
Read moreInterContinental Hotels plans special dividend and organic growth focus
23rd Feb 2016 07:46
(ShareCast News) - As it announced a robust set final results, InterContinental Hotels Group will return $1.5bn to shareholders via a special dividend and share consolidation. On top of the special dividend, which will be paid in the second quarter, the total dividend was also increased 10% to 85
Read moreFTSE 100 movers: Another Prudential management change leads market down
1st Feb 2016 14:24
(ShareCast News) - The FTSE 100 has started the month on a sour note, with the blue-chip market down 66.82 points (1.10%) to 6,016.97 by mid-afternoon on Monday. Prudential was one of the biggest fallers after the company announced another high-profile departure. Michael McLintock has decided to ret
Read moreSunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes
31st Jan 2016 16:24
(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the
Read moreFTSE 100 movers: Jakarta bombs force IHG to fall
14th Jan 2016 14:18
(ShareCast News) - After a mostly positive week, the FTSE 100 was down 100.16 points (1.68%) to 5,860.81 by mid-afternoon Thursday. InterContinental Hotels Group led the fallers, with TUI AG also featuring in the bottom 10 after a series of bomb blasts rocked Jakarta. A Canadian and an Indonesian w
Read moreSupportive Boron increases stake in IHG
4th Jan 2016 16:05
(ShareCast News) - Boron Investments, the vehicle of Dutch travel industry veteran John Fentener van Vlissingen, has upped its stake in Intercontinental Hotels Group above 5% amid the continued swirling of M&A rumours around the Holiday Inns owner. Van Vlissingen's investment vehicle now holds 5.019
Read moreChinese investors size up InterContinental Hotels
29th Nov 2015 10:50
(ShareCast News) - InterContinental Hotels Group is reportedly being eyed up by a number of Chinese firms following the sale of Starwood Hotels & Resorts to Marriott earlier this month. The hotel chain is thought to be a new target for a trio of Chinese investors that had shown interest in Starwood,
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreLondon midday: FTSE little changed as investors digest US rate expectations
9th Nov 2015 11:50
(ShareCast News) - Housebuilders were the standout losers on the FTSE 100 after after Friday´s much stronger-than-expected US jobs report for October stoked speculation of rising interest rates worldwide. At midday, the FTSE 100 was off by just 0.69 points or 0.01% to 6,353.11. The latest US non-fa
Read more