PRESS 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 moreLancashire non-exec sells all his shares
7th Jul 2010 17:06
Lancashire Holdings non-executive director Barry Volpert's private equity firm Crestview has sold all of its common shares in the property, aviation and marine insurer. The latest disposal generated £22m and takes the amount raised by Crestview in the past fortnight to more than £29m. Crestview s
Read moreMARKET TALK: BarCap Starts Accor At EqualWeight
5th Jul 2010 11:15
1015 GMT [Dow Jones] Barclays Capital initiates coverage of Accor (AC.FR) with an equalweight rating and EUR28 target after the separation of some operations into a new listed company. Recovery of revenue per available room is now the single most relevant factor for the share price, says BarCap. It
Read moreLondon close: Stocks cling on to gains
2nd Jul 2010 16:57
Leading shares went into a swoon in the final two hours of the trading session, taking their lead from the US which, after spending a while to analyse the non-farm payrolls data, moved lower. Despite coming off the top in late afternoon Footsie finished the day in positive territory, largely due t
Read moreLondon afternoon: Shares recover from US jobs jolt
2nd Jul 2010 14:16
The release of US jobs data checked Footsie's rise, prompting a 25 point fall in a matter of minutes, but the blue-chip index has since resumed its cautious climb. US jobs data for June came in worse than expected overall, but it was a mixed message with the unemployment rate falling to a 12-month
Read moreLondon midday: Stocks steady ahead of US jobless
2nd Jul 2010 12:22
Footsie ended the morning on or around its high for the day but trading is quiet ahead of the release this afternoon of the US non-farm payrolls data. Resource stocks continue to lead the way while banks claw back some of their recent losses as fears over European banks' balance sheets recedes. Da
Read moreMARKET TALK: Oddo Cuts Accor Target Price To EUR28 From EUR49
2nd Jul 2010 12:18
1118 GMT [Dow Jones] Oddo cuts Accor (AC.FR) target price to EUR28 from EUR49 after Edenred listing at EUR11.40. Says Accor has potential for gain but is "relatively limited" as Accor is mid-cycle and halfway through real estate sell off plans. Sees Accor's position in Europe favourable and developm
Read moreMARKET TALK: InterContinental Sale Shows Asset Mkt Recovery
2nd Jul 2010 09:09
0809 GMT [Dow Jones] The sale by InterContinental Hotels Group (IHG.LN) of its Buckhead Atlanta Hotel shows that the asset markets are tentatively recovering, says Citigroup. Says this bodes well for further disposals. Meanwhile, says the move by InterContinental is a good example of the "capital r
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 09:09
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0809 GMT [Dow Jones] The sale by InterContinental Hotels Group (IHG.LN) of its Buckhead Atlanta Hotel shows that the asset m
Read moreLondon open: Early gains for Footsie
2nd Jul 2010 08:41
London has recouped some of yesterday's losses helped by the Korean interest in Dana Petroleum and an upbeat trading statement from Wickes owner Travis Perkins. Dana Petroleum last night confirmed the talks with a potential bidder, widely reported to be South Korean national oil company KNOC. The s
Read moreLondon pre-open: Miners to take centre stage
2nd Jul 2010 07:39
London-listed mining heavyweights are likely to be in focus in early dealings Friday following the Australian government's decision to replace the controversial Resources 'Super Tax' with a more moderate alternative. Footsie is expected to add around 35 points early on after lurching downwards nea
Read moreIHG sells InterContinental Buckhead Atlanta
2nd Jul 2010 07:23
InterContinental Hotels (IHG) has sold the 422 room InterContinental Buckhead Atlanta to Maryland based Pebblebrook Hotel Trust for $105m in cash. IHG will continue to manage the hotel under a long term management contract. The group said the sale is part of its strategy of growing its managemen
Read moreSUBSCRIBERS: Intercontinental Hotels Hotel Sale Already Reported
2nd Jul 2010 07:08
Please disregard the headlines timed 0600 GMT-0602 GMT as this news was reported in full at 2219 GMT Thursday. (END) Dow Jones Newswires July 02, 2010 02:08 ET (06:08 GMT)
Read morePRESS RELEASE: IHG Announces Sale of InterContinental Buckhead Atlanta
1st Jul 2010 23:19
LONDON, July 1 /PRNewswire-FirstCall/ -- InterContinental Hotels Group PLC ("IHG") [LON: IHG; NYSE: IHG (ADRs)] announces the sale of the 422 room InterContinental Buckhead Atlanta to Maryland based Pebblebrook Hotel Trust ("Pebblebrook") for US$105 million in cash. IHG will continue to manage the h
Read moreFTSE 100 movers: Oil companies head higher
30th Jun 2010 15:29
Oil companies are back in favour today as investment banks try to generate fees by suggesting that BP could be taken over. JPMorgan Cazenove suggests Exxon Mobil as a potential suitor. Meanwhile, the FT says Anadarko, a 25% partner to BP on the Macondo prospect in the Gulf of Mexico, approved seve
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