FTSE 100 Movers: InterContinental rises after upgrade
9th Jan 2012 15:27
InterContinental Hotels was rising after Deutsche Bank upgraded its rating from hold to buy. Investec has kept its positive stance on the temporary power rental market and says that the investment case remains "compelling", with the temporary power and temperature control provider Aggreko getting a
Read moreLondon midday: Eyes on Merkozy meeting as Footsie falls
9th Jan 2012 11:43
London's blue chip index was trading slightly lower by midday, following a moderate rise early on, with all eyes on the meeting between Angela Merkel and Nicolas Sarkozy. The German Chancellor and French Prime Minister are to hold a press conference in the next hour in which they are expected to d
Read moreMonday broker round-up - UPDATE
9th Jan 2012 09:19
InterContinental Hotels: Deutsche Bank upgrades to buy from hold. Fresnillo: Deutsche Bank upgrades to buy from hold. Antofagasta: Deutsche Bank downgrades to hold from buy. ARM Holdings: Citi reiterates buy. Capita: Panmure Gordon downgrades from hold to sell, target cut from 700p to 560p. Mor
Read moreDigital Look broker talk
9th Nov 2011 11:10
Admiral: "Admiral's superior profitability has long been a mystery to us, but it now looks as if the apparently superior risk choice is being unwound... We see this IMS as an admission that Admiral is not immune from market forces and this will disappoint the market, we believe" [Investec]. Tullow
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreLondon close: Stocks stop at resistance again, despite Italy news
8th Nov 2011 18:08
UK stocks finished higher on Tuesday, but off their best levels off the day, as investors attempt to digest the potentially extremely serious implications of the 'soap-opera' that Euroland has become of late. In today's episode Italian Prime Minister Silvio Berlusconi has lost his absolute major
Read moreFTSE 100 Movers: Lloyds rises despite £3.9bn loss
8th Nov 2011 12:46
Shares in Lloyds Banking Group surged this morning despite the firm reporting a £3.9bn loss for the first nine months of 2011. Much of the loss - £3.2bn - was down to the bank setting money aside for the mis-selling of payment protection insurance, but its total income for the period also fell 15%
Read moreLondon midday: Lloyds leads the way
8th Nov 2011 12:32
There has been no shortage of company announcements to keep investor occupied while they await the outcome of the keenly awaited vote in the Italian parliament this afternoon, which could determine whether Silvio Berlusconi continues his charmed life as Italian Prime Minister. PUNTERS BACK THE BLAC
Read moreUPDATE: Intercontinental posts strong Q3 but worries investors
8th Nov 2011 09:46
Intercontinental Hotels announced strong profits for the third quarter, driven by revenues in the US and China. Pre-tax profits came in at £194m in the three months to the end of September, up from £126m the previous year. This was at the top end of analysts expectations. Basic earnings per share
Read moreLondon open: Thumbs-up for Lloyds
8th Nov 2011 08:44
It has been a hectic morning for big company announcements, busy enough to distract traders from events in the Eurozone. Eight of the FTSE 100 companies have made trading updates already, while insurance giant Prudential is set to weigh in with his third quarter update at 9:00am. Part-nationalised
Read moreIntercontinental hotels hails strong Q3
8th Nov 2011 08:03
Intercontinental Hotels announced strong profits for the third quarter, driven by revenues in the US and China. Pre-tax profits came in at $194m in the three months to the end of September, up from $126m the previous year. This was at the top end of analysts expectations. Basic earnings per share
Read moreUPDATE: Tuesday broker round-up
11th Oct 2011 08:03
Wolseley: RBS cuts target to 2,378p from 2,420p, stays at buy. Premier Oil: UBS upgrades from neutral to buy, cuts target from 445p to 430p. British Land: Alpha value downgrades to 'reduce' from 'add'. Whitbread: Morgan Stanley upgrades to 'overweight' from 'neutral'. Vodafone: Investec reiter
Read moreUPDATE: Tuesday broker round-up
4th Oct 2011 08:25
BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
Read moreYum man checks in at InterContinental
22nd Aug 2011 14:40
A director of Holiday Inn owner InterContinental Hotels has bumped up his stake in the company taking 5,000 American depository shares (ADS) for a total of nearly £50,000. The shares, each worth $15.90, or 965.74p, were purchased by non-executive director Graham Allan, bringing his total to 12,00
Read moreLondon close: Footsie bounces after morning sell-off
9th Aug 2011 16:45
Following another steep decline in early trading, the Footsie clawed its way back, surging nearly 400 points since the mid-morning to finish 1.89% higher. The blue chip index closed up 96 points. All eyes are on the Federal Reserve's monetary policy meeting, with markets eagerly waiting to hear of
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