Credit Suisse sees bid for M&A target IHG as unlikely
24th Jun 2014 09:58
Credit Suisse has played down the likelihood of a Wyndham Worldwide bid for Crowne Plaza and Holiday Inn owner InterContinental Hotel Group (IHG), saying that recent speculation about a possible deal is "weak". IHG shares rose strongly on Monday after Sky News revealed at the weekend that Wyndham,
Read moreLondon close: Negative finish for FTSE as housebuilders drag
23rd Jun 2014 16:59
- FTSE closes down 24.64 points at 6,800.56 - Housebuilders hit by interest rate concerns - US stocks fall despite decent PMI reading techMARK 2,828.30 -1.14% FTSE 100 6,800.56 -0.36% FTSE 250 15,675.31 -0.74% London's blue chips ended today's session in the red, hit by housebuilders, declines in
Read moreFTSE 100 movers: InterCo Hotels climbs on bid speculation
23rd Jun 2014 15:52
Shares in InterContinental Hotels Group was near record levels - and technical resistance - with brokers still citing takeover speculation in their reports to clients as the main catalyst behind the recent rise in the stock. Deutsche Bank helped lift BG Group after it reitered its 'buy' recommenda
Read moreFriday newspaper round-up: US economy, Inequality, Smith & Nephew
30th May 2014 07:26
The US economy contracted sharply in the first quarter and bond yields have been falling at the fastest rate since the recession scare two years ago, in signs that bond tapering by the Federal Reserve is biting more than anticipated. The slowdown comes as a key indicator of the US money supply flash
Read moreLondon close: Investors ponder merits of TSB float
27th May 2014 16:58
- FTSE 100 catches up after long weekend - Euroscepticism tempered by election results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,786.31 +1.03% FTSE 100 6,844.94 +0.43% FTSE 250 15,843.93 +0.88% Equities ende
Read moreFTSE 100 movers: IHG leads markets higher on bid rumours
27th May 2014 14:05
InterContinental Hotels Group shares surged on Tuesday after Sky News reported that the the company rejected a 6bn-pound takeover bid on the grounds that it was too low. While the identity of the bidder has not been confirmed, analysts have suggested that the proposal could have come from Starwood H
Read moreLondon midday: IHG, Lloyds lead markets high post European elections
27th May 2014 11:36
- FTSE 100 catches up after long weekend - Euroscepticism tempered by elections results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,788.40 +1.10% FTSE 100 6,849.22 +0.49% FTSE 250 15,836.22 +0.83% UK stocks po
Read moreIHG shares surge on takeover bid reports
27th May 2014 08:35
InterContinental Hotels Group (IHG) shares surged on Tuesday morning after weekend press reports about a potential takeover bid for the Holiday Inn and Crowne Plaza owner. Sky News reported on Saturday that IHG has rejected a "secret" bid that valued it at £6bn. IHG's board was said to have met a
Read moreLondon open: UK stocks rise after European elections, IHG jumps
27th May 2014 08:29
- Eurosceptism tempered by strong election results in Italy, Greece - FTSE 100 tracks gains made in Europe on Monday - IHG rises strongly on takeover rumours - Lloyds to float TSB - Pfizer walks away from AstraZeneca techMARK 2,779.89 +0.79% FTSE 100 6,830.41 +0.22% FTSE 250 15,824.59 +0.75% UK st
Read moreSunday newspaper round-up: Intercontinental Hotels, George Osborne, AstraZeneca
25th May 2014 09:42
Intercontinental Hotels has turned down a 6bn pounds takeover approach from an unnamed investment fund, the Sunday Times reported. The approach is said to have been made in the last three weeks but the board thought it was too low to consider. City sources think the group could now be a target for a
Read moreMonday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreWednesday broker round-up UPDATE
7th May 2014 08:35
Balfour Beatty: Jefferies reduces target price from 403p to 233p downgrading to hold. Deutsche Bank cuts target price from 280p to 250p and leaves its hold recommendation unchanged. Numis reduces target price to 260p and retains an add rating. Barclays: Deutsche Bank lowers target price from 320p t
Read moreBroker tips: Barclays, Coca-Cola HBC, IHG...
6th May 2014 13:26
Shares in Barclays fell following Tuesday's news of a fall in first-quarter profits, but brokers are advising investors to buy the shares on hopes that its turnaround plan will bear fruit. Barclays is cutting costs and slashing jobs in a shake-up to streamline the bank and has pledged to give more
Read moreUBS downgrades IHG on limited upside
6th May 2014 09:36
UBS has raised its forecasts for InterContinental Hotels Group (IHG) but downgraded its rating on the stock from 'buy' to 'neutral', saying it sees limited upside for the shares. The bank said that the Holiday Inn and Crowne Plaza owner made a "good start to the year" with the rebound in revenue pe
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
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