Concerns over earnings by airlines and hotel operators spread to the FTSE 100 this morning, cutting ...
Concerns over earnings by airlines and hotel operators spread to the FTSE 100 this morning, cutting 4 points off the index, which stands at 3,962. Intercontinental announced a fall in quarterly profits, pushing its shares down 8p to 334p, and it was closely followed by Hilton Group, which is down 3p to 153.5p. Currency is also in the news this morning, as BHP Billiton has been caught out by a strong South African rand, and its shares are down 14.75p to 321p. Dixons announced its 2003 pre-tax profits are likely to be within analysts' ranges, but shares still dropped 2.2...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes