take over news by us?.http://www.ibtimes.co.uk/intercontinental-hotels-turns-down-6bn-takeover-bid-1450012
2 May '14
My Guess based on preliminary details is They announce $750 million special dividend in Q1 to be paid in July. My Guess is for 256.09 shares this equals $2,92 per share or roughly £1.75p per share. Also suggest consolidation is to be reported. ' Full details expected after AGM today The Annual General Meeting will be held at 11.00am (UK time) on Friday 2 May 2014 at InterContinental London Park Lane, One Hamilton Place, Park Lane, London W1J 7QY
2 Apr '14
Holiday Inn sells
So does anyone know about the rumour to sell off a quantity of the Holiday Inn hotels??
18 Feb '14
Positive Points: The Chief Executive noted that "forward bookings data is encouraging and we are confident that we will deliver another year of growth." RevPAR growth in all four of the group's regions was reported. Its Americas region achieved RevPAR growth of 4% in the fourth quarter. RevPAR growth of 6.4% was reported for its Asia, Middle East & Africa business. In Europe, for the first nine months RevPAR grew at 0.7%, and then accelerated sharply in the fourth quarter to 4.9%. For Greater China, Comparable RevPAR increased 1.0% over the year, with 2.4% growth in the fourth quarter. Asset disposals remain ongoing. The InterContinental London Park Lane sale was previously completed for $368 million, with a management contract secured for up to 60 years. The InterContinental Mark Hopkins, San Francisco Hotel disposal was announced with the results. It will raise gross cash proceeds of $120 million. A previously announced $500m share buyback programme is now 78% complete. The company continues to enjoy broad geographical diversification. The total dividend payment for the year was increased by 9% to 70 US cents. Management highlighted 11% compound annual growth in the payment since 2003.
18 Feb '14
Negative Points: Management outlook comments noted that "economic conditions in some markets remain uncertain." For the group's Greater China business, RevPAR growth of 1.0% was reported, a significant decrease on the 5.4% growth achieved in 2012. Chinese Gross Domestic Product (GDP) expansion for the October-December quarter came in at 7.7%, slowing from 7.8% in the previous three months. The 2013 China GDP figure was the same as that for 2012, which was the worst rate of growth since 1999. A macro or geopolitical shock would hit the hotel industry. The group is exposed to travel related security threats, which are impossible to predict. Overall group debt increased. Group net debt rose to $1.15 billion at the end of 2013, up from $1.07 billion at the end of 2012
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