Rent Guaranteed | InterContinental Hotels climbs on investor cash hopes
http://bit.ly/TncNXPRent Guaranteed | InterContinental Hotels climbs on investor cash hopes Unlike other schemes for guaranteed rent , we also guarantee you a no void period and we also provide our property management services to you completely free of charge. With our rent guarantee scheme there are no commission fees, no admin fees and no management fees to pay. Talk of further cash rewards in the offing for investors in InterContinental Hotels saw traders check-in and chase the shares higher. Although the company returned $500m (£314m) to shareholders through a special dividend last month and is undertaking a $500m share buy-back, Barclays reckons “there is significant potential for the group to deliver more than is currently being expected by the market”. The company could sell about $1.9bn of assets in Hong Kong, London, New York and Paris in 2013 and 2014, the broker forecast, leading to further cash returns to shareholders. The date to keep an eye on is February 19, when the group reports full-year earnings, Barclays said. Investors can expect an update on the company’s assets then. Having fallen from a high of £17.27 in August, the broker also advised that there is now “an attractive entry point” to buy into the shares. Barclays lifted its recommendation on the company to “overweight” from “equal weight” and the shares climbed 43p to £16.33 - one of the biggest-risers on the FTSE 100. Rent Guaranteed In the wider market, Europe was back in focus and weighing on investor sentiment, ensuring the blue-chip index put in a more muted performance than on Monday, when optimism about US negotiations over tax increases and spending cuts saw the FTSE 100 surge 132.07 points. The loss of France’s top AAA credit rating at Moody’s rekindled concerns over the debt crisis but London’s benchmark index still ended the day 10.44 points higher at 5,748.10, while the mid-cap FTSE 250 gained 76.04 points to 11,820.83. Among the blue-chips, dealers said the news that Hewlett-Packard took an eye-watering $8.8bn impairment charge relating to its acquisition of UK group Autonomy weighed on Barclays, because the bank was one of HP’s advisers on the deal. Shares in the lender fell 3¼ to 246½p. Also among the fallers was chip designer ARM Holdings, hurt by a move to “outperform” from “strong buy” at Raymond James. The shares lost 20½ to 726½p. Meanwhile, the long-awaited approval by Xstrata shareholders of Glencore’s takeover offer saw the miner climb 29.8 to 986.6p, the day’s biggest blue-chip riser. Glencore advanced 5.15 to 331¾p. Rent Guaranteed Staying with miners, Lonmin, which traded ex-rights, topped the FTSE 250 with an increase of 36.77 to 310.7p. Panmure Gordon analyst Alison Turner recommended investors “buy” the stock now that the rights issue has been approved. “With balance sheet uncertainty now addressed we believe this provides an excellent entry point for new investors,” she said, adding that concerns over the group’s management raised by Xstrata, Lonmin's biggest shareholder, “poses little fundamental risk for investors”. House repairs and insurance group Homeserve was not far behind, booking a gain of 24.9 to 247.9p on the mid-cap index. Investors chased the shares higher after the company posted an 8pc increase in revenues and a 5pc rise in pre-tax profits. The group also announced four new utility partners, which Liberum Capital described as “impressive”. FTSE 250-listed easyJet flew 39½ higher to 692p after the airline doubled its full-year divided to 21½p and unveiled a 28pc jump in full-year pre-tax profits. Investec analyst James Hollins said the company was his “key pick in the airlines sector”. Shares in upmarket homebuilder Berkeley were lifted 46p to £15.61 by analysts at JPMorgan Cazenove, who reckoned the group’s “guidance for the timing of high-value developments coming to market may prove conservative”. Rent Guaranteed They argued that continuing overseas investment and the under-supply of housing mean that the fundamentals of London’s housing market remain favourable, and raised their target price to £16.20 from £16.16. Department store group Debenhams shrugged-off a downgrade to “reduce” from “hold” at Seymour Pierce. Analyst Kate Calvert said she was “surprised” by the 111pc share price rise since Michael Sharp took over as chief executive in September last year. “As Debenhams is already a well run business, with limited UK space growth over the next 18 months and the cost of the Oxford Street refurbishment to carry, we expect little UK profit progression over the medium term” she said. “There has been no step change in the company’s outlook with the opportunities open to the company (both in the UK and internationally) unchanged.” Nevertheless, Debenhams shares edged up ½ to 116p. Towards the other end of the FTSE 250, profit-taking saw buy-to-let mortgage provider Paragon fall 9.3 to 240.7p. The shares had risen almost 17pc between the start of October and the release of its full-year results today, where the company reported an 18pc rise pre-tax profits to £95.5m. Paragon said it had “pursued its strategic objectives successfully and achieved strong growth, resulting in the highest profits in our history”. Among the smaller companies, biotechnology group Silence Therapeutics lost 0.2 - 6.5pc - to 2.9p, after dropping 7.7pc on Monday. One dealer said there were worries in the market that the company may have to carry-out another fundraising. Finally, French oil and gas group Maurel et Prom added 0.15 to €11.72, accompanied by renewed rumours in London of takeover interest. Royal Dutch Shell, which saw its B shares dip 3½p to £21.32, has been named as a potential suitor in the past. View the original article here 3Let allows you to guarantee your rent for a term of 1 to 5 years. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
