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Wednesday tips round-up: IHG, Johnston Press, Ashtead

Published on 11th May 2011

InterContinental Hotels (IHG) was the toast of investors yesterday after it delivered a buoyant performance in the US, which accounts for about two-thirds of its profits. For the quarter just ended, IHG registered a 35% rise in operating profits to $112m. Total revenues jumped by 9% to $396m over the period, although its revenue per available room (revPAR) performance in Europe was more subdued. While the stock is less of a bargain than last summer, the Independent still recommends a buy.


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