Advertisement
UK markets closed
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • CRUDE OIL

    78.37
    -0.01 (-0.01%)
     
  • GOLD FUTURES

    2,322.50
    -1.70 (-0.07%)
     
  • DOW

    38,884.26
    +31.99 (+0.08%)
     
  • Bitcoin GBP

    50,398.81
    -401.19 (-0.79%)
     
  • CMC Crypto 200

    1,308.29
    -56.83 (-4.16%)
     
  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     
  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     

BUZZ-InterContinental Hotels: Kepler Cheuvreux cut weighs

** InterContinental Hotels (Frankfurt: IC1F.F - news) ' shares down 0.4 pct after Kepler Cheuvreux analysts cut rating to "reduce" from "hold", PT to 3023p from 3074p

** Analysts expect gradual slowing in revenue per available room (RevPAR) growth, add they see few catalysts in the short term

** Now (Frankfurt: 11N.F - news) expect LFL 2016 revPAR growth of 1.2 pct from 1.5 pct earlier

** Co reported slower growth in room rates in Q3 on Friday

** Stock falling in buoyant market, one of a handful of FTSE 100 stocks in the red and one of only two in negative territory on the Stoxx 600 Travel and Leisure Index (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)