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Tuesday's agenda: US to spearhead growth at IHG

Last updated: 17:30 17 Feb 2014 GMT, First published: 18:30 17 Feb 2014 GMT

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InterContinental Hotels Group (IHG) is expected by Deutsche Bank to report figures in line with consensus.

The German bank forecasts revenue of US$1.86bn, profit before tax of US$581mln with earnings per share seen climbing 9% from a year earlier to US$1.48. Deutsche reckons the full-year divi will be bumped up to 70 cents from 64 cents in 2012.

Hotel groups always obsess over revenue per available room, or revPAR as it is known in the trade, and Deutsche Bank thinks IHG will notch up 6% growth year-on-year in the Americas, but a small 1% decline in Greater China.

JP Morgan reckons revPAR growth for the whole group will be around 3.7%, with 4.5% growth in the Americas.

"We expect IHG to announce a further US$300mln capital return with the NY Barclay hotel sale completing in Q114," JP Morgan said.

UBS has BHP Billiton as one of its two most preferred stocks in the mining sector (the other is Fresnillo) and expects the Anglo-Aussie titan to report robust financials covering the first half of its fiscal year on Tuesday.

Significant announcements expected

Companies: Finals: AZ Electronic Materials SA (LON:AZEM), Brammer (LON:BRAM), Dragon Oil (LON:DGO), Drax Group (LON:DRX), Hutchison China Meditech (LON:HCM) InterContinental Hotels Group (LON:IHG), Morgan Sindall (LON:MGNS), Pendragon (LON:PDG) John Wood Group (LON:WG.). Interims: BHP Billiton (LON:BLT). Trading Statement: Essar Energy (LON:ESSR).

Economic: UK: PPI Input, CPI, RPI, Core CPI, HPI, PPI Output. EU: Current Account, Italian Trade Balance, German ZEW Economic Sentiment, ZEW Economic Sentiment. US: Empire State Manufacturing Index, TIC Long-Term Purchases, NAHB Housing Market Index.

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