InterContinental launches new China hotel chain
19th Mar 2012 08:19
Intercontinental Hotels (IHG) hopes to tap into the growth of domestic travel in China through a new brand that celebrates Chinese culture. The company said the move was a response to research showing the "Chinese traveller wants the status of a world-class luxury hotel group combined with a feelin
Read moreDunelm director shows commitment to firm with share purchase
6th Mar 2012 15:48
Newly appointed director at Dunelm Matt Davies has underlined his loyalty to the homewares firm with the purchase of 4,500 shares. Davies, who joined the firm early last month, bought the shares for 499p each for a total of £22,455. Davies joined the firm after resigning from his job as head of
Read moreGalliford Try Finance Director sells half his stake
24th Feb 2012 15:30
Galliford Try's Finance Director has made the most of recent gains on the stock's share price, selling more than half his stake in the firm. Frank Nelson disposed of 85,000 shares in the housbuilding and construction firm for 547.70p each, earning himself a total of £465,545 and leaving him with 7
Read moreThursday broker round-up - UPDATE
23rd Feb 2012 08:31
Bodycote: Credit Suisse raises price target on Bodycote to 380p from 350p. Royal Bank of Scotland: Nomura keeps reduce rating and 26p target. British American Tobacco: Nomura maintains buy rating and 3,320p target. RSA Insurance: Nomura reiterates buy rating and 148p target. Anglo American: Alp
Read moreBroker tips: Barclays, IHG, Cable and Wireless Worldwide
17th Feb 2012 10:58
AlphaValue has downgraded its rating for UK lender Barclays from add to reduce, saying it is now "adopting a more cautious stance." The broker says that while underlying profits in the fourth quarter were fully in line wit expectations, "in the current economic context, we have decided to adopt a
Read moreBroker snap: IHG still a sell, says UBS
17th Feb 2012 10:47
UBS has maintained its sell rating for Holiday Inn owner InterContinental Hotels Group (IHG) following the firm's full-year results on Tuesday. The company saw solid growth in revenues, earnings and margins in 2011, though the crucial metric of revenue per available room (RevPAR) saw an easing off
Read moreFriday broker round-up -UPDATE
17th Feb 2012 09:09
Ashmore: HSBC downgrades to underperform from neutral. Schroders: Citi downgrades to sell from neutral. Barclays: AlphaValue downgrades to reduce from add and lowers target to 243.9p from 283.4p. Tesco: Nomura reduces target from 500p to 430p, buy rating unchanged. InterContinental Hotels: UBS
Read moreLondon midday: Stocks off lows but still firmly in the red
16th Feb 2012 11:40
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - Real Eurozone GDP forecasts slashed in ECB survey. The FTSE 100 has come off its intraday low of 5,831 but still remains firmly in the red as delays in Greece, a warning to banks from Moody's an
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreLondon close: Stocks finish down with Greece in focus
15th Feb 2012 16:38
- Oil rises on supply concerns. - PBOC to keep buying Eurozone debt. - Samaras to honour terms of new package. Despite an earlier rise, the FTSE 100 index slumped in afternoon trade to finish in the red as strong performance by banks was offset by some heavyweight stocks that went ex-dividend. All
Read moreLondon midday: Banks provide a boost
15th Feb 2012 11:45
- Banks lead the risers on the Footsie. - PBOC to keep buying Eurozone debt. - Venizelos foresees bailout resolution. UK stocks were slightly higher by midday after China pledged to continue buying Eurozone bonds, easing concerns of the region's debt crisis. Banks were the best performers of the d
Read moreWednesday broker round-up - UPDATE
15th Feb 2012 09:25
Essar Energy: Morgan Stanley upgrades to neutral from underperform. Anglo American: Citi downgrades to neutral from buy. International Consolidated Airlines: Credit Suisse raises target from 152p to 189p, neutral rating kept. InterContinental Hotels: Credit Suisse raises target to 1,521p from 1,
Read moreWednesday tips round-up: IAG and InterContinental Hotels
15th Feb 2012 06:46
In the Times, Tempus sings the praises of Willie Walsh, who has managed to keep British Airways flying through a two year union dispute and the financial crisis of 2008-09 when BA lost £1bn. In 2011 the company is expected to have made a spectacular recovery, with pre-tax profits coming in at aroun
Read moreLondon close: Stocks finish lower on macro concerns
14th Feb 2012 16:24
-Banks, miners weigh on Footsie. -Markets digest sovereign downgrades from Moody's. -Investors await Eurogroup meeting tomorrow. UK stocks finished in the red on Tuesday as concerns over the state of the Eurozone continued to weigh on sentiment. Trade was volatile as mid-morning gains on the back o
Read moreFTSE 100 movers: Bunzl in top spot after rating upgrade
14th Feb 2012 13:47
Distribution and outsourcing firm Bunzl was the top of the risers list after JP Morgan upped its recommendation from neutral to overweight on valuation grounds. "We believe that the recent relative underperformance could be a good entry point ahead of FY results on 27 February," the US broker said.
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