25 jump in earnings and vowing to restart its dividend. Happy holidays for intercontinental. Shares rise as the hotel group increases its dividend on higher fullyear profits. The ceo tells cnbc the impact of sterling weakness is muted. It had marginal impact on us on the year, it reduced our overhead cost on sterling, but we had an impact on revenues because were dollarbased, report in dollars. As far as the rate, very little amount. Good morning. Lets kick things off with a bit of data for the eurozone, that looks to be stronger than forecast. Market february flash composite pmi came in at 56 versus a reuters pole of 54. 3. This 56 print, that is the highest since april 2011 that follows upbeat data from germany and france this morning. In germany, private sector growth the fastest in three years, and in france, the composite pmi at the highest level since 2011. Interestingly enough, also prices rising. That obviously could crimp growth going forward. Now by in large it looks like a h
Legal & General Group Plc (OTCMKTS:LGGNY – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 62,600 shares, a drop of 37.4% from the May 15th total of 100,000 shares. Based on an average daily trading volume, […]
Garner Asset Management Corp reduced its holdings in shares of The RMR Group Inc. (NASDAQ:RMR – Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 217,814 shares of the financial services provider’s stock after selling 10,106 shares […]
Keeley Teton Advisors LLC lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 18.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,955 shares of the construction company’s stock after selling 1,345 shares during the period. Keeley Teton Advisors LLC’s holdings in […]
TP ICAP Group PLC (LON:TCAP – Get Free Report)’s stock price rose 1.1% during mid-day trading on Monday . The stock traded as high as GBX 224 ($2.87) and last traded at GBX 221.50 ($2.84). Approximately 961,601 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 1,329,049 shares. […]