Airlines, plane manufacturers and tour operators beware - space could be your Kodak moment
At a price of $2,500 per trip, swapping space flights for long-haul trips is an opportunity that could be worth over $20bn a year to the travel industry
Company
Intercontinental Hotels Group PLC
LON:IHG
InterContinental Hotel Group PLC operates 4,150 hotels across nearly 100 countries through seven hotel brands – InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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IHG shares hit by Barclays downgrade on 'significant downside risks' from macro slowdown
Analysts see 36% downside to the current share price in a recession scenario compared with 18% upside potential from its upside case
Intercontinental Hotels disappoints on occupancy rate despite China milestone
Comparable revenue per available room was up 0.3% against strong comparative numbers this time last year
InterContinental Hotels a “safe haven with opportunities for growth acceleration” says MainFirst, starts with 'outperform'
"IHG offers a pure asset-light model with a proven earnings and cash resilience through the cycle," the European broker's analysts said
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Blue chips to swerve Thursday’s Brexit fall-out, small caps will be in spotlight
IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
Intercontinental Hotels up as it hikes dividend and announces plans for upmarket brand launch
The FTSE 100 group said it was planning the brand launch in 2019 to target a US$18bn market
Investments and investor services
FTSE 100 closes in red as lack of positive news puts traders off
The UK's blue chip benchmark closed down around 40 points at 7,179, while FTSE 250 shed around 58 at 19,068
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HSBC to continue bank’s reporting season, with investors looking for reassurance over US/China trade spat
Aside from HSBC's 2018 results, the day ahead will also bring updates from blue-chip Holiday Inn owner InterContinental Hotels and miner BHP, plus the latest UK jobs and wages data
Investments and investor services
FTSE 100 closes in red amid lower volumes but Reckitt Benckiser jumps
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
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Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Intercontinental Hotels acquires Six Senses hotel and spa chain in US$300mln deal
The purchase, which included all of Six Senses' brands and operating companies, would extend IHG’s reach into the segment and expand its portfolio of luxury hotels to 400
Intercontinental Hotels 'a disciplined, well managed' company, says Berenberg
Berenberg raised its recommendation on the stock to ‘buy’ from ‘hold’ but lowered its target price to 4,850p from 5,000p.
Intercontinental Hotels a resilient business at a fair price, UBS says as it upgrades the stock
UBS raised its recommendation on IHG to ‘neutral’ from ‘sell’ and lifted its target price to 4,275p from 4,000p
Holiday Inn-owner IHG downgraded by Morgan Stanley on fears of US corporate downturn
US business confidence is on the wane, which could impact the number of hotel stays bosses make
Investments and investor services
Science Group takes down the 'for sale' sign
A look at the day's major movers, including Photonstar, Capita, IHG, GVC, Reach and Balfour Beatty
InterContinental Hotels weak as 1% Q3 RevPar rise disappoints; to pay US$500mln special dividend
Net system size growth was 5.1% year-on-year to 826,000 rooms, but up 4.6% excluding Regent Hotels & Resorts and its UK portfolio deal
FTSE 100 closes ahead as US earnings season gets off to strong start
The UK blue-chip index closed up almost 23 points at 7,049 - up around 0.77% on the week as a whole
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Provident Financial Group to be among Friday’s few likely corporate highlights
Aside from the FTSE 250-listed home credit firm, blue chips InterContinental Hotels and London Stock Exchange will also issue third-quarter trading updates on Friday
FTSE 100 journey in the red continues as it closes down around 47 points
In the currency markets, the pound is down 30% against the US dollar, while the pound is up 0.26% against the Euro..
Investments and investor services
WH Smith, Hunting and Hays to be in Thursday’s spotlight
Retailer WH Smith heads the highlights for Thursday's schedule.
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Week ahead: Restaurant Group, Hays, Petrofac, WH Smith, Hunting, Bunzl...
The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
Intercontinental Hotels sees RevPAR growth ease in China
Net debt of $US1,802mln (including the US$233mln finance lease on InterContinental Boston) narrowed by US$49mln from the end of 2017
Investments and investor services
FTSE 100 closes strongly as commodities rally, bolstered by Wall Street gains
At the close, the UK blue chip index was up 54.70 points at 7,718.48, albeit below the session peak of 7,752.08, having recovered from a low of 7,663.20
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Other financials to take up the results mantle, with Standard Life Aberdeen and Hargreaves Lansdown due on Tuesday
Aside from the two financial blue chips, updates are also due on Tuesday from FTSE 100-listed InterContinental Hotels, and FTSE 250-listed Domino's Pizza
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HSBC will ring down the curtain on the bank's interim reporting season, but other financials also in focus
Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
Intercontinental Hotels upbeat after strong first quarter; shares edge higher
Prices rose by 1.9% and occupancy was up 1.0%, though progress was hampered by the timing of the Easter weekend
Investments and investor services
FTSE 100 strengthens following wishy-washy US jobs data
It's the first Friday of the month, so naturally much of the attention was on the US non-farm payroll report.
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HSBC to wrap up a busy two weeks of first quarter results from the major UK banks
Day-ahead includes first quarter updates from global lender HSBC PLC and British Airways-owner International Airlines Group PLC, plus the April US payrolls report
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Asia to drive quarterly earnings growth at HSBC and Standard Chartered
Another busy week of earnings from FTSE 350 companies awaits
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Time's almost up for GKN shareholders to vote on Melrose hostile takeover bid
The day ahead includes the outcome of Melrose's hostile takeover bid for GKN and trading updates from SSE and RPC
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Utilities dominate week ahead with updates from Pennon, United Utilities and SSE
The week ahead includes trading updates from Pennon, United Utilities and SSE, along with interims from DFS Furniture and full year results from Moss Bros and AG Barr
IHG expands luxury footprint with acquisition of 51% stake in Regent Hotels and Resorts for US$39mln
The FTSE 100-listed firm said it will have the right to acquire the remaining 49% interest in a phased manner from 2026 which, based on a trailing twelve-month multiple of joint venture income, would result in a payment of less than US$100m
Intercontinental Hotels drop on lack of investor payout despite above forecast 2017 operating profits
The FTSE 100-listed hotel conglomerate said its full-year operating profit rose by 7% to US$759mln, up from US$707mln a year earlier
Investments and investor services
FTSE 100 makes up some ground to close a tad lower as earnings disappoint
The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"
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One-offs to muddy HSBC's full-year results as global lenders kicks off sector reporting season
Day ahead includes the start of the UK banks reporting season with full-year numbers from HSBC Holdings PLC, plus finals from InterContinental Hotels Group PLC, and interims from Dunlem Group PLC
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Banks to feature strongly in deluge of blue chip earnings, including Lloyds, RBS, Barclays
Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
IHG expects 'significant' benefit after House passes US tax bill
The US House of Representatives gave the final approval to the US tax bill on Wednesday
Morgan Stanley checks into InterContinental Hotels' shares, upgrading its stance
The US bank raised its stance for IHG to ‘underweight’ from ‘equal-weight’, upping their target price to 4,200p from 3,700p, with the shares changing hands at 4,422p each
Intercontinental Hotels has an avid fan in Credit Suisse
IHG has a mixed record with new brand launches, but CS thinks the market opportunity for avid hotels is enormous - if the group gets it right.
Strong performance in Europe and China boosts Q3 earnings for InterContinental Hotels
“We have delivered a good third quarter performance; RevPAR increased by 2.3% and net rooms growth of 4.1% was our strongest since 2010”
FTSE 100 unchanged as pound jumps on Brexit hopes
The FTSE 100 index was less than a point higher at 7,523, well below the session peak of 7,560.04.
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Intercontinental Hotels set to be the highlight of a quiet Friday
Only four trading updates or results are in the calendar for Friday...
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UK inflation and jobs data to show real wages remain under pressure
The Week Ahead includes economic data on UK jobs, inflation and retail sales along with full year results from ASOS and Bellway and trading updates from Travis Perkins, Merlin Entertainments, Unilever and Intercontinental Hotels Group
FTSE 100 joins global equity rally to finish higher
Copper is like Arsenal’s Per Mertesacker crossing the halfway line with ball still at feet – in nose-bleed territory, or at least at levels last seen three years ago
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Provident Financial and Carillion face demotions in FTSE reshuffle
The day ahead includes the quarterly FTSE reshuffle announcement and full year results from UK recruiter Hays
InterContinental Hotels weak as it reports slower global rooms revenue growth in the second quarter
The FTSE 100-listed group said its global comparable revenue per available room (RevPAR) was up 1.5% in the three months to June 30, down from 2.7% growth in the first quarter and 2.5% growth a year earlier
FTSE 100 closes up but misses record high
The FTSE 100 index closed 10.79 higher at 7,542. The session peak was 7,549, and the day’s low was 7,518
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Paddy Power Betfair and the final hurdle for CEO Breon Corcoran
Is Corcoran leaving on a high or getting out while the going's good?
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Insurers and fund mangers in the earnings frame, notably Standard Life, Prudential and L&G
Week ahead: Results from Standard Life PLC, Prudential PLC, Legal & General Group PLC, Paddy Power Betfair PLC, Intercontinental Hotels PLC , G4S PLC, Glencore PLC ...
Credit Suisse is checking out of InterContinental Hotels after a long stay, downgrading to ‘neutral’
The Swiss bank said the downgrade comes following a 40% re-rating by the FTSE 100-listed stock since early 2016 meaning there is just 7% potential upside to its new target
Morgan Stanley cuts stance on InterContinental Hotels on weaker RevPAR, space growth performances
The US investment back cut its stance for the FTSE 100-listed firm ‘underweight’ from ‘equal-weight’, although it raised its target price to 4,300p from 3,800p
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Lloyds and RBS shares continue to underperform market after Brexit vote, says Barclays
Barclays has added Lloyds to its European recommended portfolio as its stock is attractively priced
Holidays Inn owner IHG says CEO will retire this summer, as it reports a good start to the year
The FTSE 100-listed firm said Solomon will step down from his role on June 30 and be replaced by Keith Barr, IHG’s chief commercial officer
FTSE 100 rises as US non-farm payrolls report beats expectations
London's top tier index rose 22 points to 7,270.88 at 2.38pm after a better-than-expected US non-farm payrolls report
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Pearson's CEO to face investor ire at AGM, but first-quarter update unlikely to surprise
Day ahead: Pearson PLC, International Consolidated Airlines Group PLC (LON:IAG), InterContinental Hotels Group PLC (LON:IHG), US jobs data ...
FTSE 100 dragged lower as Brexit worries whirl; Sainsbury's weighs
The FTSE 100 closed 15.52 down at 7,234 with Sainsbury's and mining shares under pressure
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HSBC may struggle to match rivals
HSBC is the last of the big four banks to report with more uncertainty over the outcome than for its UK-centric rivals.
InterContinental Hotels lifts dividend as full year earnings rise
The Holiday Inn owner has posted a 23% increase in underlying earnings on the back of revenue growth.
Investments and investor services
FTSE shares fall led by HSBC earnings disappointment
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
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HSBC faces questions over plan to replace chairman as it reports full year results
HSBC's succession plan will be the key focus when the bank reports its full year earnings tomorrow.
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Week ahead: Housebuilders and banks dominate agenda with slew of earnings
Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Barclays checks in to InterContinental Hotels
Analyst Vicki Stern lifts her rating to 'overweight' from 'equalweight' on the stock
FTSE 100 and small-cap stocks chalk record highs
FTSE 100 and small-cap stocks ended at fresh record highs on Tuesday, the first session of 2017, after being buoyed by higher Wall Street on bullish US factory data, 18-month high oil prices and even bumper Chinese data
FTSE 100 hits record high, small-cap FTSE AIM 100 marks 3-year peak
FTSE 100 shares marked a fresh record high on Wednesday and small-caps scaled their highest in nearly three years, as investors, traders and mining stocks were in a more festive mood than their counterparts on Wall Street
Holiday Inns owner IHG confident despite slowing growth
"While industry RevPAR growth has slowed, the fundamentals for the sector, and particularly for IHG, remain compelling," said CEO Richard Solomons
Investments and investor services
FTSE 100 stocks end soft as tobacco takeover produces mixed results
FTSE 100 shares ended softer on Friday after a trans-Atlantic tobacco takeover bid failed to lift the mood of the market
Week Ahead: Retailers ASOS and Burberry go head-to-head
The collapse of sterling will have been a boon to both retailers
Risers and fallers: Lamprell, Sports Direct, Summit Therapeutics...
Lamprell shares soared after it secured a US$90mln contract to transform a shipping vessel into floating accommodation for Statoil's workers
Investments and investor services
FTSE 100 closes lower as pound flirts with lowest post-Brexit levels
The FTSE 100 index closed lower in a widespread sell-off while the pound flirted with its lowest level against the euro since the Brexit vote
Cantor sees much more upside for Sound Energy after Morocco breakthrough
Sound Energy shares have already climbed more than 250% since early July, but according Cantor's upgraded target there remains plenty of upside.
IHG hit in aftermath of Paris attacks and oil price
Revenues fell 8% to US$838mln in the period, though on an underlying basis, which excludes disposals, the company said the top line grew around 5%.
PREVIEW – Another deluge of earnings on way, including IHG
Another big week for earnings as August kicks offf
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Brokers: Liberum shares its post-Brexit and Bremain tips
Liberum offers its stock tips should the UK decide to leave the EU or should it decide to stay
Holiday owner IHG slides despite better-than-expected RevPAR growth
RevPAR was down 1.1% in the Asia, Middle East and Africa region, but excluding the Middle East was up 5%
PREVIEW: Will InterContinental Hotels reveal another quarter of resilience?
February’s full year results for 2015 represented something of a show of resilience, but how did it hold up in the first quarter?
Sainsbury's results put UK retail under spotlight again
As if the UK retail sector hadn't had enough coverage last week, it's now the turn of Sainsbury's....
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Sirius Minerals PLC's focus to turn to financing
Also covered: Britvic, Cyan, Capital Drilling, IHG
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UBS ups rating on builder Persimmon
Swiss broker UBS is upbeat on house builder Persimmon (LON:PSN) and extends its rating to 'buy' from 'neutral'.
Most followed: Not your standard dividend cut ...
Companies covered: BHP Billiton, Standard Chartered, InterContinental, Shell, Regency Mines, Kera Resources
Tuesday's agenda: Peel Hunt bets Ladbrokes' nadir has been reached
Has Ladbrokes finally got the right digital strategy? Peel Hunt believes it has.
Week Ahead: Banking season arrives
It's a heavy week for trading updates, with the banks to the fore
Risers & Fallers: Euromoney, InterContinental Hotels, JD Sports, Thomas Cook, Tesco, TUI Travel
The bomb attacks in Jakarta have hit travel stocks hard.
Archive
Morrisons no longer a sell reckons HSBC
Companies covered: Morrisons, DS Smith, Sage Group, IHG, JD Sports, Rolls-Royce, Betfair and DekelOil
Investments and investor services
FTSE100 ends higher; Europe remains lower after Paris attacks
The FTSE100 ended the day 18 points higher to 6,136 but it was a different story in mainland Europe
Transport and travel stocks fall after Paris attacks
Airlines, hotels and cruise operators moved lower amid tourism concerns
Investments and investor services
FTSE100 drops on tough day for global markets
The FTSE100 ended 0.9%, or 58 points lower to 6,295, with Glencore sitting at the bottom of the index.
China and global growth fears keep Footsie in the red
The FTSE 100 Index pared modest gains to stand 3.68 points adrift at 6350
Investments and investor services
London shares edge up as US job cheer eclipses downbeat China data
The FTSE 100 Index rose 7.9 points to 6361 after US job data topped hopes
Intercontinental denies merger speculation
IHG says it is not considering a possible sale or merger
FTSE100 closes lower after strong US jobs number
The US economy added 271,000 jobs in October compared to forecasts of around 180,000
Investments and investor services
Risers & fallers: Acal, Amerisur Resources, ICAP, Reach4entertainment, TechFinancials, Zambeef
Consolidation in the world of inter-dealer brokers as ICAP is mulling selling its broking division to smaller rival Tullett Prebon
Investments and investor services
FTSE100 ends lower despite some big gainers
Costa Coffee and Premier Inn owner Whitbread and Holiday Inn-owner Intercontinental Hotels Group did their best to boost the index.
Positive eurozone bank news fails to lift shares
The FTSE 100 Index was 16.47 points adrift at 6335 by lunchtime
Investments and investor services
Risers & Fallers: ASOS, Minoan, Tesco, Condor gold, Whitbread and Nighthawk Energy
Below are the main news-driven share price movements at 4pm.