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..
Company
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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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
Retailer WH Smith heads the highlights for Thursday's schedule.
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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
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
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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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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Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
Prices rose by 1.9% and occupancy was up 1.0%, though progress was hampered by the timing of the Easter weekend
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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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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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Another busy week of earnings from FTSE 350 companies awaits
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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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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
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
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
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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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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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
The US House of Representatives gave the final approval to the US tax bill on Wednesday
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