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Top UK Stocks to Watch: IHG experiences 'most challenging year' ever

Top UK Stocks to Watch: IHG experiences ‘most challenging year’ ever
Joshua Warner
February 23, 2021 8:59 AM
InterContinental Hotels Group suffers during lockdown but is optimistic about the future, HSBC restarts dividends despite profits plunging during the pandemic, Aviva sells its French business, and Frasers Group writes down the value of its properties.
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Top News: IHG shares jump on hopes of strong recovery
InterContinental Hotels Group said revenue plunged and swung to a loss during the ‘most challenging year’ ever in 2020 because of the pandemic, limiting travel and appetite for hotel rooms, but said it was optimistic about its recovery prospects. ....

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InterContinental Hotels swings to a net loss of £184 million in 2020.

The British multinational hospitality firm reports £1.70 billion of revenue.
InterContinental Hotels refrains from declaring a dividend on Tuesday.
InterContinental Hotels Group plc (LON: IHG) said on Tuesday that it concluded 2020 with a loss due to the ongoing Coronavirus pandemic that weighed on its revenue last year. In a bid to conserve cash, the company also refrained from declaring a final dividend.
InterContinental Hotels shares remained almost flat in premarket trading on Tuesday but jumped close to 5% on market open. The stock is now exchanging hands at £53.78 per share versus £23.85 per share in March 2020, when the impact of the health emergency was at its peak. The price action should come in handy if you are interested in investing in the stock market. ....

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Aviva Sells French Unit for $3.9 Billion in CEO's Biggest Deal

Feb 24 2021, 1:08 PM
February 23 2021, 12:52 PM
February 24 2021, 1:08 PM
(Bloomberg) Aviva Plc agreed to sell its French business for 3.2 billion euros ($3.9 billion), the largest deal so far in Chief Executive Officer Amanda Blancâs push to streamline the U.K. insurer.
(Bloomberg) Aviva Plc agreed to sell its French business for 3.2 billion euros ($3.9 billion), the largest deal so far in Chief Executive Officer Amanda Blancâs push to streamline the U.K. insurer.
The unit was sold to French mutual insurer Aema Groupe, which was recently created through the merger of Aesio and Macif, according to a statement from Aviva Tuesday. The cash sale is a key deal among about 6 billion euros of divestments Aviva has been pursuing. ....

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Aviva continues international withdrawal with £2.8bn sale of French business

Aviva continues international withdrawal with £2.8bn sale of French business
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Aviva sells off its French business for £2.8bn as boss Amanda Blanc pushes ahead with shake-up of the insurer

Aviva sells off its French business for £2.8bn as boss Amanda Blanc pushes ahead with shake-up of the insurer
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