Picture of Intercontinental Hotels logo

IHG — Intercontinental Hotels News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer CyclicalsConservativeLarge CapHigh Flyer

UK Stocks-Factors to watch on August 11 (updated)

UPDATE 1-UK Stocks-Factors to watch on August 11

Adds news items, updates futures

- Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.2%.

* IHG: InterContinental Hotels Group IHG.L reported higher second-quarter revenue per available room from a year ago, helped by solid demand among high-spending travellers and during the soccer World Cup.

* BELLWAY: Bellway BWY.L flagged uncertainty in near-term demand amid rising build costs and moderating consumer demand, leading it to forecast annual underlying operating profit at lower end of its forecast range.

* BP: BP BP.L has agreed to sell a 20% stake in a block that contains the Trinidad portion of the cross-border Cocuina-Manakin natural gas field to the country's state-owned National Gas Company, the company said.

* SHELL: One of two compressor stations at the Ormen Lange gas field in the Norwegian Sea is out of service, cutting production to around 60% of capacity until early next year.

* SPENDING: British consumers spent more on food and in pubs last month on the back of England's run to the World Cup semi-finals and hot weather boosted clothing sales but they remained wary of big outlays, according to surveys.

* RETAIL: Britain's new Prime Minister Andy Burnham will unveil plans to crack down on vape shops, betting outlets and rogue businesses as part of an effort to revive high streets after decades of decline, his office said.

* DROUGHT: Almost three-quarters of England is now in drought, the British government said, highlighting the worsening impact of prolonged dry weather on agriculture, public water supplies and wildlife.

* COMMODITIES: Oil prices steadied, gold ticked lower, and aluminium prices rose for a seventh session.


* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB


(Compiled by Neeshita Beura and Megha Kumari in Bengaluru; Edited by Ronojoy Mazumdar)

((Neeshita.Beura@thomsonreuters.com))

Recent news on Intercontinental Hotels

See all news