Global RevPar up 2.6%More than 6,200 rooms opened in Q12024 share buyback 30% completeShares in Intercontinental Hotels (IHG) fell over 3% to £76.36 on Friday after the global hotels operator reported low single-digit growth in global RevPar (revenue per available room) for the first quarter of 2024.This performance was below expectations and dragged on shares in IHG, which have rallied 37% over

Stock prices in London were mixed heading into the afternoon on Tuesday, although Barclays helped propel the FTSE 100 into the green on a busy morning of corporate updates and earnings.The FTSE 100 index was up 7.91 points, 0.1%, at 7,736.41. The FTSE 250 was down 47.03 points, 0.2%, at 19,169.87, and the AIM All-Share was down 0.91 of a point, 0.1%, at 755.42.The Cboe UK 100 was up 0.1% at 774.51

Stocks prices in London ended in the red on Friday as a higher-for-longer narrative around interest rates and heightened tensions in the Middle East weighed on market mood.The FTSE 100 index closed down 97.39 points, 1.3%, at 7,402.14. The FTSE 250 ended down 180.41 points, 1.1%, at 17,032.73, and the AIM All-Share closed down 0.84 of a point, or 0.1%, at 682.93.Over the past week, they are down 3

US interest rate worries and rising bond yields hurt equity markets on Friday, amid a backdrop of continued investor trepidation due to developments in the Middle East.The FTSE 100 index was down 67.73 points, 0.9%, at 7,431.68. The FTSE 250 was down 94.59 points, 0.6%, at 17,118.55, and the AIM All-Share was down 0.56 points, 0.1%, at 683.24.The Cboe UK 100 was down 1.0% at 741.47, the Cboe UK 25

US interest rate concerns and tensions in the Middle East weighed on local stocks at the open on Friday, with the FTSE 100 on track for a weekly decline, down 1.8% since last Friday.UK retail sales hurt the pound, ensuring the FTSE 100 outperformed continental peers, however.The FTSE 100 index opened down 32.82 points, 0.4%, at 7,466.71. The FTSE 250 was down 108.18 points, 0.6%, at 17,104.96, and

It can be frustrating to watch share prices trade sideways for months. Nervous investors might question that something is going wrong with the investment case.However, that isn't necessarily the case and there could be several reasons which explain lacklustre share prices. This article examines why it happens and highlights some factors which may give clues to what lies ahead.WHY DO SOME SHARES DO

- Lok'nStore director cashes in on strong performance- IHG chair increases stake- Serco CEO sells shares to meet Australian tax liabilitiesAndrew Jacobs, chairman of self-storage firm Lok'nStore (LOK:AIM), has sold £10 million worth of shares to meet demand for stock from institutional investors. He is still left with nearly 4.4 million shares, equal to 14.5% of the company.The disposal follows h

New CEO-elect Elie Maalouf will be an internal replacement8,000 rooms across 45 hotels opened in the first quarter Benefitting from China reopeningShares in InterContinental Hotels (IHG) were down over 2% to £53.96 as news emerged that chief executive Keith Barr is to step down from his role and retire after spending more than 30 years with the business. 'I'm excited for what lies ahead for Inter

London's FTSE 100 was on the up in afternoon dealings, with markets in a demonstrably more risk-on at the end of the week, while the pound spiked to a one-year-high.Friday's gains have so far not been enough to put equities in positive territory for the week. The mood in markets has been tetchy after central bank decisions in the US and eurozone. Focus later will be on the US nonfarm payrolls repo

- Profits rise 50% in 2022- Hotels giant announces new US$750 million buyback- CEO excited by ongoing China reopeningDespite a drag from China, InterContinental Hotels (IHG) delivered significantly improved revenues and pre-tax profit for the year to December 2022 thanks to a strong rebound in travel following the Covid-19 pandemic.One of the world's largest hotel businesses, operating brands such

Share prices opened lower in London on Tuesday, as HSBC shares felt selling pressure despite the bank saying it is considering a special payout, while some good news for UK government finances was dismissed.The FTSE 100 index gave up the 8,000-point level. It was down 53.96 points, 0.7%, at 7,960.65. The FTSE 250 was down 122.72 points, 0.6%, at 19,975.69, and the AIM All-Share was down 2.17 point

Warren Buffett says the best businesses are ones that can sustainably grow without needing to raise extra money, and on this basis InterContinental Hotels (IHG) ticks the right boxes.The company is one of the world's largest hotel businesses, operating brands such as InterContinental, Crowne Plaza, Holiday Inn, and more. With about 888,000 rooms globally, it is estimated to have a market share of

Mysterious leaks in pipelines bringing gas to Europe from Russia provided a new source of concern for investors on Wednesday, adding to a growing 'chorus of deserved criticism of UK fiscal policy' and sending the London stock market lower.The FTSE 100 index was down 140.60 points, or 2.0%, at 6,843.99 early Wednesday. The mid-cap FTSE 250 index was down 340.41 points, or 2.0%, at 16,963.70. The AI

The stock market may well have its say on Liz Truss? first new policy initiatives as prime minister, but the response of the government bond - or gilt - market and the pound may be more telling, at least in the very short term.Financial markets express their faith - or lack of it - in a country and its economic and political prospects through how much they charge it to borrow and how they value it

Markets in Europe made some moderate gains on Tuesday, with stocks in London lifted by hopes of a package from the new UK prime minister that will deal with mounting energy bills.The FTSE 100 index ended up 13.01 points, 0.2%, at 7,300.44 on Tuesday.It was a somewhat choppy afternoon for London's blue-chip benchmark, however. It suffered a slight sell-off and fell into the red after a dour open in

London's FTSE 100 tumbled on Friday afternoon after Federal Reserve Chair Jerome Powell took centre-stage and put to bed any lingering hope of the central bank's hawkishness easing.For Powell, getting a handle on rampant inflation is the priority, despite any 'pain' it will inflict on American families and businesses. Failure to wrestle prices down from their current 40-year high would be even mor

Stock markets were effectively on hold in Europe on Friday, ahead of a speech by US Federal Reserve Chair Jerome Powell.Despite positive days in Asia on Friday and in New York on Thursday, European investors were unwilling to take on risk ahead of the week's key risk event.Powell will deliver the keynote speech on Friday starting at 1500 BST at the annual gathering of top central bankers at Jackso

London share prices opened higher on Friday, withstanding a 'worrying' but expected 80% hike to the energy price cap in the UK.An agreed takeover of FTSE 250 software provider Micro Focus International provided some additional distraction for investors ahead of the day's, and week's, main market event, a speech by the US Federal Reserve chair.Jerome Powell will deliver the keynote address on Frida

The FTSE 100 was lifted by higher oil prices on Tuesday, but nerves ran high elsewhere ahead of the key US inflation print on Wednesday.The FTSE 100 index closed up 5.78 points, or 0.1%, at 7,488.15. The FTSE 250 ended down 206.04 points, or 1.0%, at 19,912.40, and the AIM All-Share closed down 5.16 points, or 0.6%, at 914.75.The Cboe UK 100 ended flat at 747.80 and the Cboe UK 250 closed down 0.9

Shares opened lower in London on Tuesday, after New York failed to follow through on the positive start made to the week by European markets, while investors also were unnerved by a politician in Taiwan accusing China of planning an invasion.US shares were hurt on Monday by a dark outlook from semiconductor maker Nvidia.The FTSE 100 was up just 4.94 points at 7,487.31 early Tuesday, fighting back