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InterContinental Hotels Group PLC (IHG.L)

IHG.L on London Stock Exchange

4,629.00GBp
23 Feb 2018
Change (% chg)

-38.00 (-0.81%)
Prev Close
4,667.00
Open
4,663.00
Day's High
4,699.00
Day's Low
4,558.00
Volume
505,194
Avg. Vol
734,033
52-wk High
4,944.00
52-wk Low
3,656.00

Latest Key Developments (Source: Significant Developments)

Intercontinental Hotels Says FY Underlying Operating Profit Rose 7.4 Pct
Tuesday, 20 Feb 2018 02:19am EST 

Feb 20 (Reuters) - Intercontinental Hotels Group Plc ::FY UNDERLYING OPERATING PROFIT ROSE 7.4 PERCENT TO 759 MILLION USD.FY ‍GLOBAL COMPARABLE REVPAR GROWTH OF 2.7%, WITH 4.0% IN Q4​.‍FY REVENUE $1,784 MILLION VERSUS $1,715 MILLION YEAR AGO​.FY ‍NET SYSTEM SIZE OF 798K ROOMS, UP 4.0% (HIGHEST ORGANIC GROWTH SINCE 2009); 48K ROOMS ADDED,17K REMOVED​.FY ‍ROOM SIGNINGS OF 83K, (HIGHEST FOR NINE YEARS) TAKES PIPELINE TO 244K ROOMS. ABOUT 45% UNDER CONSTRUCTION​.‍PROPOSED 10.9% INCREASE IN FINAL DIVIDEND TO 71.0 CENTS​.‍YEAR-END NET DEBT OF $1,851M​.‍AS PART OF STRATEGIC UPDATE, "AUGMENT PORTFOLIO WITH NEW BRANDS TO MATCH IDENTIFIED OPPORTUNITIES"​.AS PART OF STRATEGIC UPDATE, "‍LAUNCH AN UPSCALE CONVERSION BRAND IN 2018"​.‍TARGETING ABOUT $125M IN ANNUAL SAVINGS, INCLUDING SYSTEM FUND, BY 2020 FOR REINVESTMENT TO DRIVE GROWTH​.‍SEES $200M EXCEPTIONAL CASH COSTS TO ACHIEVE TARGETTED SAVINGS; $31M IN 2017 WITH MAJORITY OF REMAINDER IN 2018​.‍REMAIN POSITIVE IN OUTLOOK FOR YEAR AHEAD​.‍GIVEN INVESTMENT TO DRIVE GROWTH, NO ADDITIONAL CAPITAL RETURN WILL BE PAID IN CALENDAR YEAR 2018​.‍CAPEX GUIDANCE OF UP TO $350M GROSS PER ANNUM UNCHANGED​.‍GROWTH INITIATIVES EXPECTED TO MAINTAIN FUTURE FEE MARGIN PROGRESSION BROADLY IN LINE WITH LONG TERM AVERAGE (ABOUT 135BPS PER ANNUM)​.  Full Article

IHG Appoints Karin Sheppard As Managing Director For European Business
Monday, 5 Feb 2018 09:30am EST 

Feb 5 (Reuters) - Intercontinental Hotels Group Plc ::KARIN SHEPPARD APPOINTED BY IHG TO HEAD UP EUROPE‍​.APPOINTED SHEPPARD AS MANAGING DIRECTOR FOR IHG ACROSS ITS EUROPEAN BUSINESS.BASED IN BUCKINGHAMSHIRE, SHEPPARD IS RESPONSIBLE FOR DRIVING "SUSTAINABLE LONG TERM GROWTH OF IHG AND THE PERFORMANCE OF ITS EUROPEAN HOTELS".  Full Article

Intercontinental Hotels Updates on Impact of US Tax Cuts, Jobs Act Bill​
Thursday, 21 Dec 2017 02:00am EST 

Dec 21 (Reuters) - Intercontinental Hotels Group Plc ::INITIAL ESTIMATES ARE ENACTED BILL WILL REDUCE IHG'S GROUP EFFECTIVE TAX RATE BY MID TO HIGH SINGLE DIGIT PERCENTAGE POINTS FROM 1 JANUARY 2018‍.GROUP EFFECTIVE TAX RATE IS STILL EXPECTED TO BE IN LOW 30S IN 2017 ​.‍EXPECTED MEASURES OUTLINED IN BILL WILL RESULT IN SIGNIFICANT, EXCEPTIONAL TAX CREDIT IN FINANCIAL YEAR BILL IS SIGNED INTO LAW.EXCEPTIONAL TAX CREDIT IN FINANCIAL YEAR BILL IS SIGNED INTO LAW, WHICH WOULD BE REALISED IN CASH TERMS OVER A LONG PERIOD FROM 2018​.  Full Article

IHG partners with SAMHI to expand Holiday Inn Express portfolio in India
Thursday, 23 Nov 2017 08:06am EST 

Nov 23 (Reuters) - Intercontinental Hotels Group Plc :‍PARTNERED WITH SAMHI TO REBRAND ABOUT 2000 ROOMS WITHIN ITS INDIA HOTEL PORTFOLIO, TO HOLIDAY INN EXPRESS HOTELS​.  Full Article

Intercontinental Hotels signs Crowne Plaza hotel in Cairo
Tuesday, 21 Nov 2017 04:54am EST 

Nov 21 (Reuters) - Intercontinental Hotels Group Plc :ANNOUNCED SIGNING OF CROWNE PLAZA CAIRO SHEIKH ZAYED CITY IN PARTNERSHIP WITH AL BADR FOR INVESTMENTS AND COMMERCIAL SPACES COMPANY​.  Full Article

Grubhub announces collaboration with InterContinental Hotels
Wednesday, 15 Nov 2017 09:01am EST 

Nov 15 (Reuters) - Grubhub Inc :Grubhub-Collaboration with ihg to offer ihg rewards club members point-earning benefits for ordering food on grubhub via ihg's online,mobile channels​.  Full Article

Hotelier IHG's global comparable rooms revenue up 2.3 pct
Friday, 20 Oct 2017 02:19am EDT 

Oct 20 (Reuters) - Intercontinental Hotels Group Plc :INTERCONTINENTAL HOTELS GROUP PLC - ‍GLOBAL Q3 COMPARABLE REVPAR 1 UP 2.3 PCT, AND UP 2.2 PCT Q3 YTD​.INTERCONTINENTAL HOTELS GROUP PLC - ‍WE REMAIN CONFIDENT IN OUTLOOK FOR REMAINDER OF YEAR​.‍IN US, REVPAR WAS UP 0.4 PCT IN Q3 AND 0.6 PCT Q3 YTD WITH PERFORMANCE IN QUARTER IMPACTED BY SEVERAL EVENTS​.INTERCONTINENTAL HOTELS - IN AMERICAS, ‍HURRICANES HARVEY AND IRMA HAD MIXED IMPACT; DISPLACEMENT ACTIVITY TOGETHER WITH RELIEF AND RECONSTRUCTION EFFORTS BENEFITTED FRANCHISE BUSINESS​.‍IN MEXICO Q3 REVPAR WAS FLAT DUE TO EARTHQUAKE IN MEXICO CITY​.INTERCONTINENTAL HOTELS - ‍EXCLUDING EFFECT OF HURRICANES AND THESE ONE-OFF EVENTS, ESTIMATE THAT UNDERLYING US REVPAR WAS MARGINALLY POSITIVE IN QUARTER.IHG- "‍MARKETS PREVIOUSLY IMPACTED BY TERRORIST ATTACKS GREW STRONGLY, REVPAR GROWTH OF 6 PCT IN FRANCE, AND DOUBLE DIGIT GROWTH IN BELGIUM AND TURKEY"​.  Full Article

Intercontinental Hotels - ‍signed 3 management contracts
Wednesday, 18 Oct 2017 08:00am EDT 

Oct 18 (Reuters) - Intercontinental Hotels Group Plc :Intercontinental Hotels Group - ‍signed 3 management contracts to introduce its Kimpton Hotels & Restaurants brand to Asia​.  Full Article

InterContinental Hotels reports higher first-half profit
Tuesday, 8 Aug 2017 02:07am EDT 

Aug 8 (Reuters) - INTERCONTINENTAL HOTELS GROUP PLC ::H1 REPORTED REVENUE $857 MILLION VERSUS $838 MILLION YEAR AGO.SAYS ‍ARE ON TRACK TO BEGIN ROLL OUT OF CLOUD-BASED GUEST RESERVATION SYSTEM IN LATE 2017​.H1 REPORTED FEE REVENUE $686 MILLION VERSUS $673 MILLION YEAR AGO.H1 REPORTED OPERATING PROFIT $370 MILLION VERSUS $344 MILLION YEAR AGO.H1 UNDERLYING OPERATING PROFIT $365 MILLION VERSUS $340 MILLION YEAR AGO.INTERIM DIVIDEND 33 CENTS VERSUS 30 CENTS A YEAR AGO.HY AMERICAS REVPAR 1.1 PERCENT.HY EUROPE REVPAR 6.2 PERCENT.HY ASIA, MIDDLE EAST AND AFRICA (AMEA) REVPAR 1.4 PERCENT.  Full Article

IHG CEO Solomons to retire, chief commercial officer named successor
Friday, 5 May 2017 02:01am EDT 

May 5 (Reuters) - InterContinental Hotels Group Plc ::Richard Solomons, group chief executive officer to retire and to be succeeded by Keith Barr, chief commercial officer.Will be succeeded by Keith Barr, a member of IHG's executive committee who has spent nearly 17 years with IHG, most recently as chief commercial officer.Barr will take up his new position and become a member of IHG's board on July 1, 2017..  Full Article

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HSBC weighs on banks as European stocks advance

LONDON European shares rose on Tuesday thanks to a slew of well-received results, though banks were a weak spot after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital.