BANK OF AMERICA RAISES INTERCONTINENTAL HOTELS GROUP TARGET TO 4900 (4500) PENCE - 'BUY' |
IHG signs two new hotels in Bangladesh |
Coronavirus: China's tourism industry thriving as world battles COVID-19 |
IHG Defaulting On Payments – May Lose 103 Hotels In North America
lose-103-hotels-in-north-america/ |
Coronavirus: US and UK 'in talks over quarantine-free air bridge between London and New York' |
Service Properties to End Pact With IHG After Missed Payments |
Paris-listed hotels group Accor added 4.2 per cent on further speculation of a possible merger with rival InterContinental Hotels Group, which advanced 6.2 per cent in London. |
Market report: Tie-up talk boosts InterContinental
Shares In Hoteliers Accor, IHG Rise After Reported Merger Interest |
In the FTSE 100, InterContinental Hotels Group was the best performer, up 2.6% after French newspaper Le Figaro reported on its website that peer Accor was examining a merger with the Crowne Plaza and Holiday Inn chain owner.
A potential merger would topple US chain Marriott International from its position as the world's largest hotel operator.
ADVFN market report |
Broker Forecast - Morgan Stanley issues a broker note on InterContinental Hotels Group PLC
Morgan Stanley today reaffirms its equal weight investment rating on InterContinental Hotels Group PLC (LON:IHG) and raised its price target to 3900p
Broker Forecast - Deutsche Bank issues a broker note on InterContinental Hotels Group PLC
Deutsche Bank today reaffirms its buy investment rating on InterContinental Hotels Group PLC (LON:IHG) and raised its price target to 4500p (from 4050p) |
MARKET REPORT: Intercontinental Hotels enjoys a staycation boost with Holiday Inn brand set to do well in the coming months |
Richard Clarke, an analyst at Bernstein, said that IHG could prove more resilient than its rivals because of its strength in the low budget hotel sector. |
Dividend deferred. Results well received so far this morning.
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On a subsequent conference call, IHG Chief Financial Officer Paul Edgecliffe-Johnson told Alliance News he was optimistic over a recovery in demand, especially for business travel, as the coronavirus crisis eases and infection rates start to fall. |
Interims tomorrow
Intercontinental Hotels and Mike Ashley's Frasers Group expected to be latest firms to warn of job losses as Britain reels from fallout of coronavirus |
InterContinental Hotels & Resorts Expands Its Portfolio Across The Asia Pacific With New Signings |
Hotel giant LGH says 1,500 jobs at risk |
InterContinental Hotels to Open Nine New Luxury Hotels |
First new hotel for Hungary's capital in 23 years |
That update's as p1$$ poor as expected. Maybe even slightly worse.
"...Hotel chain InterContinental Hotels fell 1.1% to £36.05, having forecast its second-quarter room revenue to tumble 75%, though it also said it had seen signs of improvements as the pace of hotels reopening continued to accelerate."
Stockmarketwire |
Peel Hunt initiating coverage today with 'buy'..... tp 5000p |
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