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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.
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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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HSBC is the last of the big four banks to report with more uncertainty over the outcome than for its UK-centric rivals.
The Holiday Inn owner has posted a 23% increase in underlying earnings on the back of revenue growth.
Investments and investor services
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
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HSBC's succession plan will be the key focus when the bank reports its full year earnings tomorrow.
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Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Analyst Vicki Stern lifts her rating to 'overweight' from 'equalweight' on the stock
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 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
"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 shares ended softer on Friday after a trans-Atlantic tobacco takeover bid failed to lift the mood of the market
The collapse of sterling will have been a boon to both retailers
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
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
Sound Energy shares have already climbed more than 250% since early July, but according Cantor's upgraded target there remains plenty of upside.
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%.
Another big week for earnings as August kicks offf
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Liberum offers its stock tips should the UK decide to leave the EU or should it decide to stay