Intercontinental Hotels Group Rose by 6.9%



Stocks at the top

The stocks at the top of the iShares MSCI United Kingdom (EWU) on October 20 were Intercontinental Hotels Group (IHG), Inmarsat (ISAT), and Whitbread (WTB). These stocks rose by 6.9%, 3.5%, and 3.3%, respectively.

Intercontinental Hotels Group is a world’s largest provider of hotel accommodations with brands like Crowne Plaza and Holiday Inn under its ownership. Its room revenue rose in all of its operating regions except for greater China in the third quarter. The RevPar (revenue per available room) is a measure of occupancy and rates. It rose by 4.8% from last year, as stated by the company on Tuesday, October 20.

Intercontinental Hotels Group traded at 2,471 pounds. It was well above its respective 20-day and 50-day moving averages. The stocks’ trailing five-day return was 3.5%. Its trailing one-month and trailing one-year returns were 6.1% and 9.6%, respectively, as of October 20. It earned 11 “buy,” 12 “hold,” and three “sell” recommendations. The stock has a “BBB” rating and a stable outlook according to Standard & Poor’s.

Whitbread is a lodging and restaurant operator. It also owns brands like the Costa Coffee chain and the Premier Inn. It reported a 5.4% rise in half-year pre-tax profit. Whitbread also raised its interim dividend 28.50 pence per share. It rose by 13%.

Stocks at the bottom

The stocks at the bottom of EWU on October 20 were Tullow Oil (TLW), AstraZeneca (AZN), and Tesco (TSCO). They fell by 3.9%, 3.2%, and 2.3%, respectively, on the day. Tullow Oil was hit due to downward pressure on crude oil prices. It was also impacted by slower demand due to the fall in China’s GDP (gross domestic product).

Financial institutions like Barclays (BCS), Aviva (AV), and HSBC Holdings (HSBC) fell by 0.89%, 0.48%, and 0.62%, respectively, on October 20.

For a detailed read on IBM’s (IBM) performance this earnings season, read IBM Continues its Dismal Revenue Trend with Its 3Q15 Results.

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