Lloyds Banking Group marked 2017 as the year it returned to full private ownership on Wednesday by treating its shareholders to a £1bn share buyback after announcing a 24% rise in full-year profit before tax
AccorHotels, has delivered a 10.1% rise in like-for-like operating profits for 2017, helped by cost controls and strong demand most of its’ key regions. The figures were above company guidance and broker forecasts.
Holiday hangover? On the first day of trading after US bank holiday, a deflated performance as the three major market indicators broke their six days of session gains closing lower on Tuesday.
A rash of big FTSE 100 names – HSBC, InterContinental Hotels Group and BHP Billiton – all saw big chunks taken out of their share price mid-afternoon
Shares in InterContinental Hotels fell on Tuesday after as investors took profits following the company's stronger than expected full-year results
US investment manager BlackRock has upgraded its outlook for US equities on the bases of robust earnings growth while also shifting to a neutral stance on the eurozone.