London close: Stocks manage gains ahead of US payrolls report
4th Apr 2024 15:58
(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.
Read moreLondon close: Stocks mixed as UK economy returns to growth
13th Mar 2024 15:00
(Sharecast News) - London markets finished with a mixed performance on Wednesday, following a surge on Tuesday, with investors buoyed by news of the UK economy's return to growth in January.
Read moreJefferies downgrades IHG to 'hold', raises target price
13th Mar 2024 07:13
(Sharecast News) - Analysts at Jefferies lowered their rating on hospitality giant Intercontinental Hotels from 'buy' to 'hold' on Wednesday but raised their target price on the stock from 6,400.0p to 8,400.0p.
Read moreBerenberg raises target price on IHG
28th Feb 2024 09:28
(Sharecast News) - Analysts at Berenberg raised their target price on Intercontinental Hotels Group from 6,000.0p to 7,400.0p on Wednesday following the group's "solid" full-year results.
Read moreLondon close: Stocks finish lower on fresh China concerns
20th Feb 2024 15:29
(Sharecast News) - London's stock markets closed in negative territory on Tuesday, with concerns over China's economic prospects exerting pressure on mining shares.
Read moreLondon midday: Stocks mixed after China makes bigger rate cut
20th Feb 2024 11:20
(Sharecast News) - London's stocks were in a mixed state at midday on Tuesday, as concerns around China's economic outlook continued to weigh on mining stocks.
Read moreIHG revenue jumps as it swings to operating profit
20th Feb 2024 09:03
(Sharecast News) - InterContinental Hotels Group reported strong trading in its final results on Tuesday, with global revenue per available room (RevPAR) increasing 16.1% year-on-year for 2023, with a notable 7.6% increase in the fourth quarter alone.
Read moreBerenberg downgrades IHG to 'hold', lowers target price
14th Nov 2023 15:27
(Sharecast News) - Analysts at Berenberg downgraded their recommendation for shares of hotel operator IHG from 'buy' to 'hold'.
Read moreLondon close: Stocks finish mixed, Rolls-Royce jumps on upgrade
31st Oct 2023 15:41
(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.
Read moreJPMorgan downgrades IHG, keeps Whitbread as top hotels pick
31st Oct 2023 09:01
(Sharecast News) - JPMorgan says Premier Inn owner Whitbread remains its top pick in the European hotels sector, as it downgraded its stance on IHG from 'neutral' to 'underweight'.
Read moreBofA lifts forecasts for IHG after strong Q3
20th Oct 2023 11:37
(Sharecast News) - Bank of America has lifted its target price for shares of hotels group IHG after a stronger-than-expected third-quarter performance, saying that the stock is too cheap compared to the wider sector.
Read moreIHG RevPAR growth slows in Q3, but China back to pre-Covid levels
20th Oct 2023 07:07
(Sharecast News) - International hotels group IHG reported a big slowdown in RevPAR - a key performance measure used in the hospitality industry - in the third quarter as growth softened across all regions, but said it still expects a "very strong financial performance" this year.
Read moreLondon close: Stocks slip into red on growing Middle East concerns
9th Oct 2023 15:40
(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.
Read moreBofA restarts IHG at 'buy', says valuation discount 'unjustified'
19th Sep 2023 15:30
(Sharecast News) - Analysts at Bank of America restarted coverage of Intercontinental Hotels Group at 'buy' with a 7,200.0p target price, arguing that the shares' valuation discount versus peers was "unjustified".
Read moreFTSE 100 movers: Commodity stocks rise, Hiscox sinks
9th Aug 2023 16:16
(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.
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