Tuesday broker round-up - UPDATE
14th Feb 2012 10:40
British Land: Credit Suisse downgrades to neutral from outperform, target cut to 532p from 560p. Barclays: UBS raises target from 199p to 240p, neutral rating kept. Shore Capital upgrades to neutral from sell. Exane BNP upgrades to overweight from neutral. Standard Life: Nomura raises target from
Read moreInterContinental looks to emerging markets as Europe fades
14th Feb 2012 09:25
Hotels group InterContinental Hotels Group (IHG) is increasingly looking to emerging markets to generate profits growth as things start to look a bit sticky in Europe. The company saw solid growth in revenues, earnings and margins in 2011, though the crucial metric of revenue per available room (Re
Read moreLondon pre-open: Moody's warning to hit FTSE 100
14th Feb 2012 07:29
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,906, following Moody's warning that a number of European countries, including Britain, could see their triple-A ratings slashed as a result of the increasing risks posed by the ongoing debt crisis in the region.
Read moreConfident IHG hikes divi
14th Feb 2012 07:02
InterContinental Hotels Group has whacked up the full year dividend after it continued to outperform the hotel industry in key markets such as the US and Greater China in 2011. Revenue in 2011 rose 9%, or 7% on a constant exchange rates (CER) basis, to $1,768m from $1,628m in 2010, ahead of market
Read moreTuesday preview: Americas to rev up IHG
13th Feb 2012 18:19
Hotelier InterContinental Hotels Group (IHG) is set to declare full year figures on Tuesday. Market consensus (in sterling terms) is for profit before tax of £302.9m on revenue of £1,113m. The full year pay-out is predicted to be 33.77p. In dollar terms, the consensus is for earnings before intere
Read moreLondon close: Stocks drop as protests to Greece's austerity deal intensify
10th Feb 2012 17:01
- Another Greek minister resigns. - Miners drag Footsie lower as copper prices fall. - Barclays pares gains as profits drop. Stocks finished the session at their lowest levels of the day as the political situation in Greece took a turn for the worse with another minister handing in her resignation
Read moreWeek Ahead: IHG, Domino's Pizza
10th Feb 2012 13:43
As usual Thursday is looking like the busiest day for trading updates, with African Barrick Gold , BAE Systems, Ladbrokes, Reed Elsevier, Talvivaara, Cable & Wireless Worldwide, Sports Direct International and Kingfisher all weighing in on that day. Hotelier InterContinental Hotels Group (IHG) is t
Read moreLondon midday: Achtung! Greece missing debt-cutting targets
10th Feb 2012 11:36
- German Finance Minister says Greece missing targets-Bloomberg - Barclays rises after cutting bonuses, but profits fall. - Eurogroup fails to approve Greek package. - C&W Comms drops after profit warning. Stocks continued to fall by midday after Eurozone finance ministers last night refused to g
Read moreBroker tips: Barclays, Rio Tinto, InterContinental Hotels
10th Feb 2012 11:32
While Nomura notes that the Barclays full-year figures came in below expectations, owing to a shortfall in revenue, it maintains its buy rating and 268p target price for the UK lender. Nomura says that Barclays still represents a group with limited exposure to legacy risk positions and requires lit
Read moreBroker snap: US drives upgrades for InterContinental, says Credit Suisse
10th Feb 2012 11:30
Credit Suisse has jacked up its target price for Holiday Inn and Crowne Plaza owner InterContinental Hotels (IHG) by almost a third saying that resilience in the US has driven a 12% upgrade to earnings per share (EPS) forecasts. "The strong recent run in IHG shares (up 36% since late Nov) precludes
Read moreFriday broker round-up -UPDATE
10th Feb 2012 10:27
Ferrexpo: Rennaisance downgrades to hold. ICAP: Goldman Sachs downgrades to neutral from buy. Schroders: Goldman Sachs upgrades to buy from neutral. Next: Deutsche Bank upgrades to buy from hold. National Grid: JP Morgan downgrades to neutral from outperform. Barclays: Nomura maintains buy
Read moreLondon close: US data, Greek talks weigh on FTSE 100
27th Jan 2012 16:26
With economic growth in the world's largest economy surprising to the downside, miners and oil stocks were sold off on Friday, dragging the Footsie near to its lowest levels of the day by the close. Meanwhile, uncertainty in regards to debt-swap talks in Greece continued to weigh on investors' minds
Read moreFTSE 100 movers: Next proves popular
27th Jan 2012 14:28
High street retailer Next was in the top spot, helped by AlphaValue which upgraded the stock from add to buy and lifted the price target from 3,467.6p to 3,481.1p. Following suit, Imperial Tobacco was in demand after Citi reiterated its buy rating on the cigarette-making giant. Meanwhile a downgr
Read moreLondon midday: Losses pared on talks of progress in Greece
27th Jan 2012 12:06
- Gains pared by midday. - Talks of progress in Greece. - BP falls after Transocean spat. After a sharp decline early on, losses were pared by lunchtime, with the FTSE 100 trading only slightly lower, as talks of progress in Greece helped lift sentiment. European markets on the whole are generall
Read moreFriday broker round-up - UPDATE
27th Jan 2012 09:43
CRH: Liberum Capital downgrades to hold from buy. Misys: Espirito Santo downgrades from buy to sell, cuts target to 263p from 275p. Aquarius: Credit Suisse maintains neutral and price target at £2.1. Lonmin: Credit Suisse maintains underperform and price target at £9.8. Imperial Tobacco: Cit
Read more