London close: Quiet finish for FTSE, traders eyeing situation in Ukraine
2nd May 2014 16:59
- FTSE closes up 13.55 points at 6,822.42 - BoE Deputy warns 'dangerous' to ignore house price momentum - Eurozone unemployment stuck at 11.8 per cent - US non-farm payrolls rise 288,000 in April, employment drops techMARK 2,794.49 +0.22% FTSE 100 6,822.42 +0.20% FTSE 250 15,930.92 +0.51% UK stock
Read moreFTSE 100 movers: RBS climbs on strong Q1
2nd May 2014 14:54
RBS pleased investors after saying that pre-tax profit surged to 1.64bn pounds in the first three months of 2013, up from 826m pounds the year before and ahead of forecasts. This came despite a 2% fall in income to £5.05bn, as expenses fell 6% and impairment losses dropped 65%."The first-quarter [
Read moreBroker tips: RBS, InterContinental, SSE, Resolution
2nd May 2014 12:43
Shares in RBS jumped on Friday after the company beat forecasts with its first-quarter results as pre-tax profits doubled. Analysts, however, chose to remain cautious on the outlook for the UK bank. Richard Hunter, Head of Equities at Hargreaves Lansdown Stockbrokers, said that the quarterly perfor
Read moreKillik optimistic about IHG after strong first quarter
2nd May 2014 12:22
Killik & Co has maintained a 'buy' recommendation for Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) after a 'strong set of first-quarter results' from the company. Revenue per available room (RevPAR) in the first quarter increased by 6%, with occupancy and room rates growin
Read moreLondon midday: RBS and IHG rise, but markets cautious ahead of US data
2nd May 2014 11:48
- Markets rangebound ahead of US jobs report - FTSE 100 at highest in two months - Ukraine tensions limit gains - RBS doubles pre-tax profits in first quarter - IHG unveils special divi after strong start techMARK 2,793.80 +0.19% FTSE 100 6,818.58 +0.14% FTSE 250 15,922.13 +0.45% Strong gains from
Read moreLondon open: Stocks flat ahead of US data, but RBS jumps
2nd May 2014 08:35
- Markets nervous ahead of US jobs data - RBS jumps 10 per cent as profits rise - IHG rises after Q1 results, special divi techMARK 2,791.50 +0.11% FTSE 100 6,812.55 +0.05% FTSE 250 15,923.25 +0.46% UK markets opened more or less flat on Friday despite a massive jump in the share price of RBS, as
Read moreInterContinental Hotels unveils special 750m dollar dividend
2nd May 2014 07:43
A special dividend and a strong first quarter performance were plated up for Intercontinental Hotel shareholders on Friday, after the group delivered its best RevPAR performance in seven quarters. The special dividend payment, totalling $750m, is due to be paid in July, the Holiday Inn owner said.
Read moreIHG completes disposal of New York Barclay JV
1st Apr 2014 13:49
InterContinental Hotels Group (IHG) has completed the disposal of its 80 per cent interest in joint venture InterContinental New York Barclay for 274m dollars. The company sold its stake to joint venture partner Constellation Barclay Holding US. IHG will continue to manage the hotel under a long-
Read moreInterContinental Hotels completes sale of Mark Hopkins hotel
28th Mar 2014 12:21
InterContinental Hotels Group (IHG) has completed the sale of the Mark Hopkins San Francisco hotel. IHG, which also runs the Holiday Inn hotel chain, received gross proceeds of $120m in cash. It will continue to manage the hotel under a long-term management contract. The property was bought by a j
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreLondon close: Stocks end week on a high
21st Feb 2014 16:20
- FTSE closes up 25 points - Retail sales come in below expectations - US home sales fall 5.1 per cent in January techMARK 2,891.86 +0.55% FTSE 100 6,838.06 +0.37% FTSE 250 16,460.88 +0.56% It was a strong finish for the FTSE today, despite retail sales showing a sharp drop for January. The FTS
Read moreFTSE 100 movers: BAE recovers after sharp declines
21st Feb 2014 14:26
BAE Systems was regaining some of yesterday's heavy losses, rising into the stop spot by this afternoon. The group suffered a sharp decline on Thursday after it warned that profits could fall by up to 10 per cent on the back of pressures on US government spending, and despite reporting a three per c
Read moreBroker tips: RBS, IHG, Glencore Xstrata, Smiths Group
21st Feb 2014 12:42
Numis Securities has reiterated its 'add' rating and 374p target price for banking group RBS ahead of its 2013 results next week. The results, which are due out February 27th, are expected to see the bank report a statutory loss of £7.2bn, which includes the £4.5bn upfront provision for the new 'In
Read moreLondon midday: Stocks at one-month high on Vodafone capital return
21st Feb 2014 11:45
- Vodafone and RBS provide a lift - Vodafone capital return lifts sentiment - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest level in month techMARK 2,884.38 +0.29% FTSE 100 6,827.26 +0.21% FTSE 250 16,401.56 +0.20% UK stocks rose to levels not seen in a month on Friday as a windfal
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
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