InterContinental Hotels secures new funding as March revPAR slumps
27th Apr 2020 07:19
(Sharecast News) - InterContinental Hotels Group said it had secured new financing arrangements taking its total available liquidity to $2bn as it forecast a 55% fall in room revenues for March due to the Covid-19 pandemic.
Read moreThursday broker round-up
16th Apr 2020 13:19
(Sharecast News) - C&C Group: Berenberg upgrades to hold with a target price of 182p.
Read moreThursday broker round-up
2nd Apr 2020 13:03
(Sharecast News) - Unilever: Barclays upgrades to equal weight with a target price of 4,420p.
Read moreWednesday broker round-up
1st Apr 2020 13:59
(Sharecast News) - Intercontinental Hotels Group: RBC Capital Markets upgrades to outperform with a target price of 4,000p.
Read moreRBC upgrades IHG in 'good time' to buy hotels
1st Apr 2020 11:26
(Sharecast News) - Royal Bank of Canada upgraded InterContinental Hotels (IHG) to 'outperform' and said now looks a good time to buy hotels.
Read moreMorgan Stanley upgrades IHG, says underperformance 'unwarranted'
23rd Mar 2020 15:27
(Sharecast News) - Morgan Stanley upgraded its recommendation for shares of InterContinental Hotels Group from 'underweight to 'equalweight', pointing out to clients its "high" liquidity and "low" cash burn, and arguing that the company's headroom on its debt covenants seemed "reasonable".
Read moreInterContinental Hotels scraps divi, sees RevPar sliding 60% in March
20th Mar 2020 07:55
(Sharecast News) - InterContinental Hotels warned on Friday that global revenue per available room was set to tumble 60% due to the coronavirus outbreak, as it scrapped its dividend and said demand for hotels was currently at the lowest levels it has ever seen.
Read moreRBC Capital downgrades Cineworld; reviews leisure stocks amid Covid-19
11th Mar 2020 13:17
(Sharecast News) - RBC Capital Markets downgraded Cineworld to 'outperform' from 'top pick' on Wednesday, slashing the price target to 200p from 300p as it took a look at the leisure sector and how it might be affected by the coronavirus.
Read moreWednesday broker round-up
26th Feb 2020 12:48
(Sharecast News) - Associated British Foods: Berenberg downgrades to hold with a target price of 2,700p.
Read moreIHG turns in decent performance as estate continues to grow
18th Feb 2020 07:37
(Sharecast News) - InterContinental Hotels Group reported an 8% improvement in reportable underlying revenue in its full-year results on Tuesday, to $2.08bn (?1.6bn), or a 6% rise on an underlying basis.
Read moreInterContinental Hotels Group Q3 RevPAR plummets on HK protests
18th Oct 2019 07:09
(Sharecast News) - InterContinental Hotels Group disappointed investors with its third quarter trading update, reporting much lower than expected growth in its key metric of profitability, revenues per available room, in the wake of the mass protests in the special Chinese administrative region of Hong Kong.
Read moreFriday preview: China activity indicators, InterContinental Hotels Group
17th Oct 2019 15:32
(Sharecast News) - The market spotlight at the end of the week will shift back towards China, where a barrage of economic activity indicators for the month of September are scheduled for release.
Read moreMonday broker round-up
14th Oct 2019 13:29
(Sharecast News) - Hochschild Mining: Berenberg upgrades to hold with a target price of 180p.
Read moreFriday broker round-up
11th Oct 2019 12:40
(Sharecast News) - Whitbread: Deutsche Bank downgrades to sell with a target price of 3,650p.
Read moreJefferies start InterContinental at 'buy', Whitbread at 'hold'
17th Sep 2019 11:25
(Sharecast News) - Jefferies initiated coverage of InterContinental Hotels Group and Whitbread on Tuesday as it took a look at the European hotels sector.
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