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.
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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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
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