britain
British hospitality giant InterContinental Hotels Group (IHG) on Friday said its revenue per available room (RevPAR) rose by 2.6% year-over-year in the first quarter of 2024. The increase was primarily driven by 8.9% growth in its Europe, Middle East, Africa and Asia regional unit. RevPAR rose 2.5% in its China division, while it dropped 0.3% in the Americas region. IHG's average daily rate increased 2.3%, and occupancy rose by 0.2 points. Net system size grew 3.4% from last year.
DPA
British hospitality giant InterContinental Hotels Group (IHG) on Friday said its revenue per available room (RevPAR) rose by 2.6% year-over-year in the first quarter of 2024. The increase was primarily driven by 8.9% growth in its Europe, Middle East, Africa and Asia regional unit. RevPAR rose 2.5% in its China division, while it dropped 0.3% in the Americas region. IHG's average daily rate increased 2.3%, and occupancy rose by 0.2 points. Net system size grew 3.4% from last year.
DPA International
Russia on Friday sharply criticized French President Emmanuel Macron and British Foreign Secretary David Cameron, after the Western leaders reiterated their countries' support for Ukraine. In an interview published in The Economist on Thursday, Macron repeated his assertion that he would not rule out the deployment of French troops to assist Ukraine in its war with Russia. Kremlin spokesman Dmitry Peskov denounced Macron's statement as "very dangerous," saying it increased the risk of France becoming directly involved in the conflict. Cameron also came in for condemnation after he announced an...
DPA Breaking News
British hospitality giant InterContinental Hotels Group (IHG) on Friday said its revenue per available room (RevPAR) rose by 2.6% year-over-year in the first quarter of 2024. The increase was primarily driven by 8.9% growth in its Europe, Middle East, Africa and Asia regional unit. RevPAR rose 2.5% in its China division, while it dropped 0.3% in the Americas region. IHG's average daily rate increased 2.3%, and occupancy rose by 0.2 points. Net system size grew 3.4% from last year.
DPA Breaking News
Coca-Cola Europacific Partners (CCEP) announced on Friday that its chief financial officer Nik Jhangiani is stepping down to join spirits and beer giant Diageo later this year. Jhangiani plans to take on the same role at British multinational Diageo and will join the firm's board and executive committee in the autumn of 2024. "CCEP expects to make an announcement about [Jhangiani's] successor in the near future, following a thorough search with strong candidates already identified," the company said in a statement. At Diageo, Lavanya Chandrashekar will step down from the executive committee an...
DPA Breaking News
Shares of British multinational bank Standard Chartered were gaining more than 5% on the London Stock Exchange after the lending major reported Thursday higher profit in its first quarter, despite weak net interest income. The company further maintained its fiscal 2024 guidance. Standard Chartered reported first quarter profit before tax of $1.91 billion compared to $1.81 billion, prior year. Earnings per ordinary share, in cents, was 45.4 compared to 39.8. Underlying operating income was $5.15 billion, up 17%. Underlying earnings per share, in cents, was 51.7 compared to 36.8. First quarter n...
DPA International
Shares of British multinational bank Standard Chartered were gaining more than 5% on the London Stock Exchange after the lending major reported Thursday higher profit in its first quarter, despite weak net interest income. The company further maintained its fiscal 2024 guidance. Standard Chartered reported first quarter profit before tax of $1.91 billion compared to $1.81 billion, prior year. Earnings per ordinary share, in cents, was 45.4 compared to 39.8. Underlying operating income was $5.15 billion, up 17%. Underlying earnings per share, in cents, was 51.7 compared to 36.8. First quarter n...
DPA
Shares of British multinational bank Standard Chartered were gaining more than 5% on the London Stock Exchange after the lending major reported Thursday higher profit in its first quarter, despite weak net interest income. The company further maintained its fiscal 2024 guidance. Standard Chartered reported first quarter profit before tax of $1.91 billion compared to $1.81 billion, prior year. Earnings per ordinary share, in cents, was 45.4 compared to 39.8. Underlying operating income was $5.15 billion, up 17%. Underlying earnings per share, in cents, was 51.7 compared to 36.8. First quarter n...
DPA Breaking News
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion - and also said it has started repurchasing shares. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, ...
DPA
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion - and also said it has started repurchasing shares. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, ...
DPA International
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