Sunday newspaper round-up: RBS, Tesco, HMV
5th Aug 2012 15:20
One of Brazil's biggest banks is plotting a bid for the prized American business of Royal Bank of Scotland. Itau Unibanco is eyeing a move for Citizens, the Rhode Island-based retail bank built up through a series of acquisitions by Fred Goodwin, the former RBS chief executive. Citizens has more tha
Read moreWeek Ahead: Capital return expected at IHG
3rd Aug 2012 09:57
Holiday Inns owner InterContinental Hotels (IHG) hit the headlines late last month after a probe by the Office of Fair Trading investigation raised concerns about the group's relations with two online travel agents. Tuesday's interim results from IHG should bring happier news, with broker Jefferie
Read moreLondon open: Footsie flat despite falls for BP, Weir and Fresnillo
31st Jul 2012 08:28
- BP, Weir and Fresnillo provide some downward pressure - UK consumer confidence remains subdued - Markets await the Fed and ECB Some disappointing results from BP, Weir Group and Fresnillo were preventing gains for the Footsie on Tuesday morning; meanwhile, consumer confidence data in the UK showe
Read moreOFT not happy with IHG's deals with online agents
31st Jul 2012 07:39
Holiday Inns operator InterContinental Hotels Group (IHG) has disagreed with the findings of an Office of Fair Trading (OFT) investigation which criticised the hotel group's arrangements with two online booking agents. In the OFT's view, the deals IHG struck with online travel agents Booking.com an
Read moreBroker tips: IHG, Experian, Kingfisher
13th Jul 2012 11:18
Shares of InterContinental Hotels (IHG) were taken down a peg on Thursday after US peer Marriott scaled back its international revenue per available room (RevPAR) guidance; nevertheless, Investec has stayed positive on the British hotels firm, keeps its 'buy' rating and 1,700p target price. "Scepti
Read moreBroker snap: IHG a 'buy' on US exposure, says Investec
13th Jul 2012 11:17
Shares of InterContinental Hotels (IHG) were taken down a peg on Thursday after US peer Marriott scaled back its international revenue per available room (RevPAR) guidance; nevertheless, Investec has stayed positive on the British hotels firm, keeps its 'buy' rating and 1,700p target price. "Scepti
Read moreLondon close: Stocks slide ahead of Chinese growth data
12th Jul 2012 16:31
- All eyes on Chinese GDP data tomorrow - FOMC minutes disappoint as they fail to hint at QE3 - Aegis rockets after Dentsu offer; miners tank The FTSE 100 finished around 1% lower on Thursday afternoon with the mining sector bearing the brunt of concerns over the global economy ahead of some highly
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreBroker snap: Whitbread still a 'sell', says Investec
19th Jun 2012 10:12
In spite of Whitbread's well-received first-quarter results, Investec reiterated its 'sell' rating for the Premier Inn and Costa owner on Tuesday, saying that it retains a bearish long-term outlook on the stock. The broker does highlight that trading in the first three months of the year was "posit
Read moreBroker tips: Sainsbury, Whitbread, Fenner
13th Jun 2012 14:48
Sainsbury is in the doldrums after its first quarter update disappointed slightly, but Panmure Gordon argues the supermarket giant put in a decent shift, considering the miserable weather in April. Like-for-like sales (excluding fuel) rose by 1.4% year-on-year, which was below the range of expectat
Read moreBroker snap: CS sees better hotel plays than Whitbread
13th Jun 2012 13:32
With many reports suggesting that this year's Olympic Games in London will be a negative factor for hotels in the capital, Premier Inn owner's Whitbread's results next Tuesday are well timed. With UK revenue per available room (revPAR) growth in the UK still subdued, Credit Suisse is not expecting
Read moreLondon close: Stocks drop after gloomy US data
31st May 2012 17:04
- US GDP, payrolls, jobless claims, Chicago PMI disappoints - Spain continues to dampen sentiment - M and A boosts IHG and Logica Despite a strong start early on, London's blue-chip index dropped into the red in afternoon trade as a raft of disappointing data from the US compounded fears over the
Read moreFTSE 100 movers: IHG firmly in top spot on speculation
31st May 2012 14:53
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) climbed to the top spot on the back of M&A speculation, with analyst at Numis earlier this week speculating about a possible tie-up with sector peer Marriott. More fuel was added to the rumours today after activist investor Nelso
Read moreLondon midday: IHG leads stocks higher
31st May 2012 11:45
- IHG jumps on M and A speculation - Logica soars after CGI bid - Stocks rise but eyes still focus on Eurozone Stocks had held on to early gains by Thursday lunchtime as the Footsie attempted to rebound from heavy falls the day before; concerns over Spain and its financial system sent stocks tumbli
Read moreFTSE 100 movers: Miners out of favour on Chinese reports
25th May 2012 16:05
Mining stocks were firmly out of favour on reports that China's banks could miss their 2012 loan targets, exacerbating concerns over a slowdown in the world's second-largest economy which is a source of strong demand for commodities. Fresnillo, Randgold, Vedanta and ENRC were among the worst perform
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