InterContinental Hotels Share News (IHG)

Life's a beach for European tourism stocks

STOXX Europe 600 down 0.9%

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US, European hotel rates may keep rising, industry executives say

NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said.

US, European hotel room rates could keep rising - industry executives

NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. U.S. hotel room supply is barely growing as tighter lending standards from regional banks make it harder for developers to secure funding, even as travel demand has grown after the COVID-19 pandemic. This helps to sustain higher prices that executives say should have been reached years ago.

New UK business group launched to rival CBI ahead of crunch vote

(Alliance News) - A new business group in the UK has been launched with companies such as BP PLC and Heathrow Airport Ltd among its members ahead of a D-Day crunch vote on the future of the scandal-hit Confederation of British Industry.

IHG appoints Greater China boss Bulley as Americas CEO

(Sharecast News) - InterContinental Hotels said on Wednesday that Jolyon Bulley will succeed Elie Maalouf as chief executive officer of the Americas.

UK dividends calendar - next 7 days

Director dealings: AstraZeneca CFO makes $1.5m sale, IHG chair buys in

(Sharecast News) - At the top of the list of FTSE 350 director sells on Tuesday was AstraZeneca, whose chief financial officer sold almost $1.5m worth of the company's American depositary shares.

LONDON MARKET CLOSE: Surprise US jobs report lifts market mood

(Alliance News) - Stocks in London were higher at the close on Friday, ahead of a long bank holiday weekend, as the latest US jobs report made a recession across the Atlantic appear less likely.

UPDATE: IHG to benefit from "buoyant" leisure demand; CEO to step down

(Alliance News) - InterContinental Hotels Group PLC's performance in the first quarter of 2023 was in line with expectations, according to analysts from UBS on Friday.

LONDON MARKET MIDDAY: Stocks pare weekly losses ahead of US nonfarms

(Alliance News) - Stock prices in London were higher at midday on Friday, a better end to a nervy week for equities, with investors digesting central bank decisions and an ongoing crisis in the US regional banking sector.

LONDON BROKER RATINGS: Redburn cuts Flutter; Stifel likes IMI

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

European airlines see strong summer bookings, hope to avert chaos

IAG first-quarter results better than expected

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LONDON MARKET OPEN: Stocks make headway, investors cheer IAG update

(Alliance News) - Stock prices in London opened higher on Friday, with oil companies and an encouraging trading update from International Consolidated Airlines boosting the FTSE 100.

TOP NEWS: IHG promotes Americas head to CEO; revenue per room up

(Alliance News) - InterContinental Hotels Group PLC on Friday said its chief executive officer will step down to return to his family in the US, set to be succeeded by the company's Americas CEO, while it said first quarter revenue per available room rose across all regions from a year earlier.

LONDON BRIEFING: IAG narrows loss; IHG CEO to step down

(Alliance News) - Stocks in London were called higher on Friday, as investors mulled over the latest interest rate decisions in the US and the EU and ahead of the US nonfarm payrolls report.