If you want to make a few quid in time for crimbo take a look at these.

IHG have announced a massive sale of their largest and less profitable hotels. They will be focussing on hotel management rather than ownership and most of the proceeds of the sales will be returned to shareholders.

They announced a 250million share buy back in August that kick started the share price and so far they have bought back and cancelled about 210m. In the results in mid September they announced a further 250m buy back of shares and a futher 500m to be given back to shareholders in a December dividend on the proceeds from the sales. Depending on how quickly the disposals happen, there may be even more cash returned.

Many brokers have upgraded their targets to well over 700p (Barclays have a target of 800p). The SP has been consolidating around 630p for a week or so ready for the next push upwards.

StockMarketWire.com
Intercontinental Hotels announced the online rental platform Airbnb moved to curb London users renting out property for more than 90 days a year.

It was argued that this may breach UK law without valid permits.

Barclays Capital today upgrades its investment rating on InterContinental Hotels Group PLC (LON:IHG) to overweight (from equal weight) and raised its price target to 4000p (from 3060p).

JP Morgan Cazenove today reaffirms its underweight investment rating on InterContinental Hotels Group PLC (LON:IHG) and raised its price target to 3415p (from 3265p).