London pre-open: Footsie set for retreat
10th Aug 2010 07:34
London's blue chips are seen opening around 20 points lower as investors consider a tie-up between International Power and GDF-Suez and earnings from hotel and travel firms. International Power shareholders will own 30% of the new company to be formed by the merger of the UK power company with Fren
Read moreInterContinental on recovery path
10th Aug 2010 07:02
Half-year results from InterContinental Hotels underpin that the hotel trade is showing signs of recovering from the effects of the recession, and not just at the budget end of the market. The Holiday Inn owner reported a better than expected 22% rise in operating profit to $219m in the six months
Read moreTuesday preview: InterContinental, International Power, UK trade
9th Aug 2010 11:01
The hotel trade is showing signs of recovering from the effects of the recession, and not just at the budget end of the market, and so results from InterContinental Hotels should show the Holiday Inn owner's fortunes on an upward trend. The group's US peers have all topped market expectations with
Read moreWeek ahead: Prudential, Standard Life, Mondi...
6th Aug 2010 13:18
Prudential has had a six months to forget with the collapse of its $35.5bn deal to buy AIA, but its interim figures should help to restore its reputation a little. Its strong results through the debacle of the AIA deal are probably the only thing that saved chief executive Tidjane Thiam's job. Bro
Read morePRESS RELEASE: IHG Served up a Big 'Thank You' to Their Team
29th Jul 2010 22:09
MIAMI--(BUSINESS WIRE)--July 29, 2010-- IHG (InterContinental Hotels Group), (LSE:IHG) (NYSE:IHG) (ADRs), the world's largest hotel group by number of rooms and Latin America's most experienced international hotel company, concludes a week of celebrations to say 'thanks' to the teams across thei
Read moreLondon close: Lead slashed as miners fail
27th Jul 2010 16:37
A big chunk of the morning's hard-fought gains went up in smoke late in the session as an early rally on Wall Street quickly turned into nothing. Miners were the main culprits. All the big guns gave back big leads mid-afternoon following stronger-than-expected US home-price data that helped the dol
Read moreFTSE 100 movers: Banks higher on European results
27th Jul 2010 16:28
Banks are leading the market higher after good results from their European counterpart UBS. Barclays, Lloyds and Royal Bank of Scotland are the top three risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn Swiss francs last time. That was
Read moreLondon afternoon: Basel boost for banks
27th Jul 2010 14:32
Banking stocks have wrenched attention away from BP this morning, with the major UK banks lifted by strong figures from European peers Deutsche Bank and UBS and also by rumours that banking regulator the Basel Committee is set to lower its minimum capital and liquidity requirements. Barclays, Lloy
Read moreLondon midday: Shares edge higher
27th Jul 2010 11:56
London's blue chips are still edging higher, with banks leading the way after Swiss peer UBS beat earnings estimates. Barclays, Lloyds and Royal Bank of Scotland are the top risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn francs last tim
Read moreUPDATE: BarCap Placing 30M InterContinental Hotels Shares
27th Jul 2010 09:13
By Michele Maatouk Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Barclays Capital has begun placing 30 million shares in InterContinental Hotels Group (IHG.LN) Tuesday. The placing was originally conducted at 1100p to 1150p a share, but the price has now been revised to between 1120p and 11
Read moreBarCap Placing 30M InterContinental Hotels Shares - Traders
27th Jul 2010 08:40
By Michele Maatouk Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Barclays Capital began placing 30 million shares in InterContinental Hotels Group (IHG.LN) Tuesday, according to several London-based traders. Traders said the placing is being conducted at 1100p to 1150p a share. Barclays
Read morePRESS RELEASE: IHG Becomes First Global Hotel Company to Reward Loyalty Points for Geolocation Check-Ins
23rd Jul 2010 17:00
Partnership with Topguest allows Priority Club® members to earn up to 50 points per day ATLANTA, July 23 /PRNewswire-FirstCall/ -- IHG (InterContinental Hotels Group) the world's largest hotel group by number of rooms today announced that Priority Club(R) members who become Topguest members wil
Read moreHotels, Casinos Climb On Strong Earnings, Industry Data
22nd Jul 2010 17:23
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Hotels and casinos posted strong gains Thursday as a host of strong earnings in the sector gave investors more confidence in the recovery and as industry data showed improving conditions during the first half of the year. The h
Read morePRESS RELEASE: Introducing Manhattan's Newest Star: the InterContinental New York Times Square
12th Jul 2010 13:09
Largest new hotel built in City since 2002 combines international style and environmental responsibility ATLANTA, July 12 /PRNewswire-FirstCall/ -- IHG (IHG) [LON: IHG, NYSE: IHG (ADRs)], the world's largest hotel group by number of rooms, today began checking guests into the 607-room InterCont
Read morePRESS RELEASE: S&P Affirms All Ratings In Tahiti -2-
7th Jul 2010 17:45
analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalc
Read more