Edition:
United Kingdom

InterContinental Hotels Group PLC (IHG.L)

IHG.L on London Stock Exchange

4,933.00GBp
18 Apr 2019
Change (% chg)

22.00 (+0.45%)
Prev Close
4,911.00
Open
4,895.00
Day's High
4,934.00
Day's Low
4,880.00
Volume
227,703
Avg. Vol
474,172
52-wk High
5,315.79
52-wk Low
4,052.63

Latest Key Developments (Source: Significant Developments)

IHG And SRG Holding Announce Double Hotel Partnership
Tuesday, 9 Apr 2019 

April 9 (Reuters) - InterContinental Hotels Group PLC ::IHG AND SRG HOLDING ANNOUNCE DOUBLE HOTEL PARTNERSHIP.  Full Article

InterContinental Hotels Buys Six Senses Hotels Resorts For $300 Million In Cash
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - InterContinental Hotels Group PLC ::INTERCO. HOTELS GRP - IHG ACQUIRES SIX SENSES HOTELS RESORTS SPAS.INTERCONTINENTAL HOTELS GROUP PLC - PROPOSED DEAL FOR $300 MILLION.INTERCONTINENTAL HOTELS GROUP PLC - DEAL INCLUDES ENTIRETY OF SIX SENSES' BRANDS AND OPERATING COS AND DOES NOT INCLUDE ANY REAL ESTATE ASSETS.INTERCONTINENTAL HOTELS GROUP PLC - ACQUISITION IS EXPECTED TO BE EBITDA BREAKEVEN IN YEAR TWO.IHG - FOR TAX PURPOSES, DEAL CONSTITUTES ASSET SALE FOR PURCHASER, AND AS SUCH IHG WILL BE ENTITLED TO AMORTISE ASSETS ACQUIRED.INTERCONTINENTAL HOTELS GROUP PLC - DEAL IS EXPECTED TO GENERATE A RETURN APPROXIMATELY EQUAL TO ITS COST OF CAPITAL BY YEAR FOUR.INTERCONTINENTAL HOTELS GROUP PLC - ANTICIPATED THAT RELIEF ASSOCIATED WITH AMORTISATION WILL REDUCE IHG'S FUTURE CASH TAXES BY ABOUT $75 MILLION.  Full Article

IHG To Open More Than 25 Kimpton Hotels Across New Global Destinations
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - InterContinental Hotels Group PLC ::TO OPEN MORE THAN 25 KIMPTON HOTELS ACROSS 20 NEW GLOBAL DESTINATIONS IN THE NEXT THREE TO FIVE YEARS.  Full Article

IHG Signs Agreement With Al Arabiya Real Estate For Staybridge Suites In Kuwait
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - InterContinental Hotels Group PLC ::IHG SIGNS AGREEMENT WITH AL ARABIYA REAL ESTATE COMPANY FOR STAYBRIDGE SUITES IN KUWAIT.IHG- NEW HOTEL IN KUWAIT IS DUE TO OPEN IN JANUARY 2022 AND WILL ADD TO IHG’S PORTFOLIO IN THE MIDDLE EAST.  Full Article

Intercontinental Hotels Says FY Underlying Operating Profit Rose 7.4 Pct
Tuesday, 20 Feb 2018 

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 

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 

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 

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 

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 

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

UPDATE 1-UK Stocks-Factors to watch on March 28

March 28 Britain's FTSE 100 is seen opening 12 points higher at 7,206 on Thursday, according to financial bookmakers, while FTSE 100 futures were up 0.35 percent ahead of the cash market open. * Arbuthnot: Arbuthnot Banking Group said on Thursday it has drawn up plans to ensure uninterrupted payments for its customers in the European Union through the pan-European payments system SEPA, when Britain leaves the 28-member bloc. * MITIE: British outsourcer Mitie Group Plc said on Thursda