London open: Financials in the lead, homebuilders move lower
9th Nov 2015 08:30
(ShareCast News) - Financials were leading gains on the Footsie early on Monday, with utilities and homebuilders again bearing the brunt of the selling pressure on the top flight index after Friday´s much stronger-than-expected US jobs report for October. The FTSE 100 was trading up by 0.33% to 6,37
Read moreLondon pre-open: Markets brush off weak Chinese trade data
9th Nov 2015 07:58
(ShareCast News) - Investors were set to push the Footsie higher despite the release of weaker than expected foreign trade numbers out of China over the weekend and a strong US jobs report for October, last Friday, that led markets to re-price the likelihood of a Fed hike next month. The top flight
Read moreInterContinental Hotels says not mulling sale or merger
9th Nov 2015 07:19
(ShareCast News) - InterContinental Hotels responded to recent market speculation on Monday, saying it is not considering a potential sale or merger of the company. On Friday, shares in the company surged following a report it was mulling the possibility of a sale or merger. Bloomberg cited people
Read moreInterContinental Hotels tops FTSE 100 on reports it's mulling a deal
6th Nov 2015 14:17
(ShareCast News) - InterContinental Hotels flew to the top of the FTSE 100 on Friday afternoon following a report the company was mulling the possibility of a sale or merger. Bloomberg cited people familiar with the matter as saying that IHG is in discussions with financial advisers about whether to
Read moreFTSE 100 movers: Mining millstone reverses, IHG and IAG jump
6th Nov 2015 14:10
(ShareCast News) - The FTSE 100 spiked in mid afternoon on Friday, rebounding on the back of the US jobs report, before promptly being yanked back into negative territory by the millstone of depressed mining stocks. Falling metals and oil prices cast initial pressure on the natural resources sectors
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreWednesday newspaper share tips: Spotlight on IHG after third quarter results
21st Oct 2015 11:28
(ShareCast News) - After strong third quarter results yesterday, the spotlight is on InterContinental Hotels Group in The Times' Tempus column. The FTSE 100 company reported rising revenue per available room (revpar) and provided a confident outlook on Tuesday. Tempus noted that, unlike a number of
Read moreIntercontinental Hotels sees increasing momentum in third quarter
20th Oct 2015 07:06
(ShareCast News) - Thanks to encouraging current trading trends, InterContinental Hotels Group posted a rise in third-quarter revenue per available room (revpar) and expressed its confidence in the outlook. Global third-quarter comparable revpar increased 4.8% from the third half of last year at con
Read moreIHG completes sale of Hong Kong business
30th Sep 2015 07:24
(ShareCast News) - InterContinental Hotels Group (IHG) has completed the sale of its Hong Kong business, it announced Wednesday. Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners, purchased InterContinental Hong Kong for $929m (£613m). As announced in July,
Read moreSunday newspaper round-up: Bond crisis, Altria's SAB stake, ITV, Anglo's dividend
20th Sep 2015 16:49
(ShareCast News) - The Bank of England will warn this week of a potentially damaging liquidity crisis in the gigantic market for government and corporate bonds, the Sunday Times said. A six-month investigation into bond markets culminates in a BoE's financial policy committee (FPC) meeting on Wednes
Read moreIHG closing in on deal to buy Fairmont
20th Sep 2015 14:15
(ShareCast News) - InterContinental Hotels Group (IHG) is reportedly nearing a £1.9bn deal to acquire Canadian hotel owner Fairmont from its current owners, FRHI. The Holiday Inn owner is expected to reach an agreement within weeks, City sources told the Sunday Times. Fairmont, which owns Raffles h
Read moreSunday newspaper round-up: RBS stake sale, Arriva return, IHG deals eyed
2nd Aug 2015 15:19
(ShareCast News) - The government may begin the process of selling down its 79% stake in Royal Bank of Scotland this week at the behest of Chancellor George Osborne. A sale of a £2.5bn chunk of shares, equivalent to 6% of the company, could begin in the coming days, the Sunday Times said. The Treasu
Read moreInterContinental Hotels slumps after denying Starwood merger talks
31st Jul 2015 11:13
(ShareCast News) - InterContinental Hotels Group was under pressure after denying it was in merger talks with Starwood Hotels. The company said: "Following recent market speculation, the board of directors of IHG states that it is not in talks with Starwood with a view to a combination of the busine
Read moreFTSE 100 movers: Shell rallies on better-than-expected earnings, but Centrica drops after announcing job cuts
30th Jul 2015 15:56
(ShareCast News) - London's top-flight index was up 0.6% at 6,670 by 15:41 BST, as investors waded through a raft of earnings reports. Royal Dutch Shell and BG Group were both sharply higher after Shell's second-quarter results beat expectations. The Anglo-Dutch oil major posted adjusted profits of
Read moreInterContinental Hotels books interim profit growth
30th Jul 2015 09:39
(ShareCast News) - Hotel operator InterContinental Hotels Group reported solid interim profit growth thanks to an increase in revenue per available room across its regions. For the six months to 30 June, the FTSE 100 group posted a 21.5% year-on-year rise in pre-tax profit to $458m, while total reve
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