Intercontinental Hotels to show the way for wannabe IWG
Hotel operator IHG has reaped the results from a shift to an asset-light business model a few years ago, but some analysts see clouds on the horizon
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.
217 stories · page 6 of 11
InterContinental Hotels cut down from all-time high by UBS downgrade
IHG shares fell more than 3% on Tuesday morning as the Swiss bank cut its rating to ‘sell’ from ‘neutral’
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
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
Archive
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
Archive
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
Archive
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
Archive
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