Shares News

Annual operating profit slides at InterContinental – so why is the share price up? featured picture

Annual operating profit slides at InterContinental – so why is the share price up?

Shares in Holiday Inn owner InterContinental Hotels (IHG) are up 1.5% at £47 despite operating profit falling 22.3% to $162m in the year ending 31 December 2018. The drop in operating profit has been blamed on a $108m jump in costs associated with InterContinental’s efficiency programme and a $112m higher in-year System Fund deficit. Investors may be forgiving of the lower profits on ...
Market report: Profit misses at HSBC and BHP although dividends maintained, Greggs soars on vegan lines featured picture

Market report: Profit misses at HSBC and BHP although dividends maintained, Greggs soars on vegan lines

Dividends take centre stage in early trade on Tuesday as banking giant HSBC (HSBA) and mining group BHP Billiton (BHP) maintain payouts to investors, while hotels operator Intercontinental Hotels (IHG) ups its own shareholder hand out by 10%. HSBC continues to demonstrate what a profitable core business it has as it increasingly concentrates on Asia, posting a near 16% rise in pre-tax profit ...
Why some investors are unhappy with structure of Pearson’s school textbook unit sale featured picture

Why some investors are unhappy with structure of Pearson’s school textbook unit sale

The dip in academic publisher Pearson’s (PSON) share price despite news of the divestment of its structurally-challenged K12 US school textbook business could reflect the fact the deal does not represent the clean break the market is looking for. Pearson shares fall 0.7% to 913.8p as the $250m sale of K12 to Nexus Capital Management involves just $25m up front with the remainder being paid ...
Market report: Reckitt beats forecasts, McColl's looks to move on from dreadful year featured picture

Market report: Reckitt beats forecasts, McColl's looks to move on from dreadful year

The FTSE 100 starts the week on the back foot although it is still holding on to a position north of 7,200, down 0.37% at 7,210.16 in early trading. An uptick in the pound contributing to the weaker open. Consumer goods giant Reckitt Benckiser (RB.) reports a 65% drop in annual profit owing to one-off gains and expenses but underlying earnings are up as the company hit the top end of its sales ...
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