InterContinental Hotels Group Shares News & Articles

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

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 ...

Market report: Housebuilders gain on Galliford update, Dunelm lifted by strong like-for-likes

UK stocks head higher in tune with European markets on Wednesday, the FTSE 100 adding 0.3% to 7,157 to close in on recent highs, although traders have one eye on the pound after the consumer price index dropped below 2% for the first time in a year. Leading the gainers is packaging firm DS Smith (SMDS) with shares up 4% to 349p following strong results from rival Smurfitt Kappa (SKG) which is ...

Market report: HSBC and BHP Billiton profits jump, Fidessa targeted in £1.3bn takeover

Improving profitability of FTSE 100 giants is a theme running through the UK stock market in early trade on Tuesday. Blue-chip heavyweights HSBC (HSBA) and BHP Billiton (BLT), the huge mining company, both post substantially improved profits. Full year results from banking group HSBC (read parts one and two) demonstrate further progress in its recovery drive, the group today reporting that it ...

Market report: Frankie & Benny’s owner offers hope of recovery despite profits slump

Britain’s Restaurant (RTN) reports a 30% drop in half year underlying pre-tax profit on Thursday, as slowing consumer spending weighs on sales. Yet shares in the Frankie & Benny's and Garfunkel's owner rally close on 5% at 333.1p with investors relieved to hear of a bulging pipeline of growth opportunities and progress with a Frankie & Benny's value proposition despite the dividend ...
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