It’s set to be a very quiet day here in London, with a whopping four updates or results in the diary, the highlight of which is likely to be Intercontinental Hotels Group PLC (LON:IHG).
Analysts at Barclays reckon the Holiday Inn and Crowne Plaza owner could raise its full-year underlying earnings guidance when it reports third quarter results on Friday.
A decent performance is expected from IHG across its key regions, but particularly in Europe and China where revenue per available room is forecasts to grow by 3.9% and 4.2% respectively.
Overall, Barclays is looking for group revenue per available room growth of 2%.
“Following a softer Q2 releases and recent underperformance of the shares, we expect Q3 to be a small positive catalyst.”
Signifcant events expected onFriday October 20:
Trading updates: Dechra Pharmaceuticals PLC (LON:DPH); Intercontinental Hotels Group PLC (LON:IHG); Record PLC (LON:REC)