Credit Suisse cuts IHG to 'neutral'
21st Feb 2014 09:59
Credit Suisse has cut its recommendation for Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) from 'neutral' to 'underperform' and reduced its target price from 1,980p to 1,810p, saying investors are paying a "peak price for off-peak performance". The bank pointed out that the
Read moreLondon open: Stocks at one-month high as Vodafone, RBS gain
21st Feb 2014 08:47
- Vodafone, RBS and Glaxo provide a lift - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest intraday level in month techMARK 2,891.98 +0.55% FTSE 100 6,840.31 +0.40% FTSE 250 16,419.58 +0.31% Strong gains from heavyweights Vodafone, RBS and GlaxoSmithKline gave UK markets a boost on
Read moreThursday broker round-up UPDATE
20th Feb 2014 08:49
Anglo American: Jefferies increases target price from 1450p to 1700p maintaining a neutral rating. BHP Billiton: Jefferies takes target price from 2300p to 2400p and stays with its buy recommendation. Big Yellow Group: Jefferies raises target price from 540p to 618p and retains a buy recommendatio
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreLondon close: FTSE ends on a high after data-heavy session
18th Feb 2014 16:21
- FTSE reverses early declines to finish up 60 points - Banks lifted by UK inflation data - Anglo American lifted by UBS note techMARK 2,881.97 +0.86% FTSE 100 6,796.43 +0.90% FTSE 250 16,342.07 +0.60% Stocks reversed this morning's slight decline to end the session firmly higher, buoyed by a stro
Read moreFTSE 100 movers: Banks driven higher by inflation data
18th Feb 2014 15:08
Banks charged higher on the news that UK inflation fell below the government's target of 2.0 per cent in January for the first time since 2009. Royal Bank of Scotland and Barclays registered the strongest gains within their sector. BT shares were given a lift after the UK's Court of Appeal ruled t
Read moreBroker tips: Wood Group, InterContinental Hotels, Centrica
18th Feb 2014 13:02
Oil services outfit Wood Group's latest full year results were largely in-line, although revenues were about one per cent softer than consensus expectations. At unchanged guidance for modest growth in earnings per share next year might not seem much to write home about. Yet coming as it did on the
Read moreInvestors may be disappointed by lack of news on returns at IHG, Numis thinks
18th Feb 2014 11:49
InterContinentalHotels Group's preliminary full year operating results came in slightly ahead of forecasts, but adjusting for a fourth quarter liquidated damages receipt then the 'beat' was minimal, wrote analysts at broker Numis. Also, no new news was forthcoming regarding an additional return of
Read moreLondon midday: FTSE erases losses as inflation falls below target
18th Feb 2014 11:27
- UK inflation falls to 1.9 per cent - ZEW reports unexpected decline in both Eurozone and German confidence - BRC publishes plans to reform the UK business rates system techMARK 2,861.72 +0.15% FTSE 100 6,745.04 +0.13% FTSE 250 16,232.79 -0.07% The FTSE was marginally higher by lunchtime today
Read moreLondon open: Stocks register small decline ahead of inflation data
18th Feb 2014 08:25
- FTSE down 12 points - All eye on CPI inflation figure - InterCo Hotels falls despite posting profit techMARK 2,855.49 -0.06% FTSE 100 6,726.16 -0.15% FTSE 250 16,217.82 -0.17% Stocks surprised with a modest decline this morning as investors geared up for a data-heavy session both at home and acr
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
Read moreLondon pre-open: Modest start ahead of UK inflation data
18th Feb 2014 07:15
- Bank of Japan plans to extend two programmes offering low cost loans to banks by one year - Focus on UK CPI inflation - Economic confidence figures due for release in Germany and Eurozone Stocks are set to show a modest rise in early trading ahead of what is set to be a busy data for data, begi
Read moreInterContinental Hotels posts rise in annual profits and revenues
18th Feb 2014 07:04
- Revenue rises 3.7 per cent - Operating profit up 10 per cent - Dividend raised nine per cent InterContinental Hotels Group posted a 3.7 per cent rise in 2013 revenue to 1.9bn dollars as the company opened 237 hotels and signed a further 444 into the pipeline. Operating profit grew 10% to $668m
Read moreSunday share tips: Intecontinental Hotels, Rio Tinto, Pendragon
16th Feb 2014 18:09
Holders of shares in Intercontinental Hotels Group may want to extend their stay, the Sunday Times's Danny Fortson says. In his Inside the City column, Fortson said the owner of Holiday Inn and Crowne Plaza has returned more than $9bn to shareholders since it was de-merged from Bass in 1993. Another
Read moreThursday broker round-up UPDATE
6th Feb 2014 09:23
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation
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