International Hotels Group escalates as Jefferies says time to buy entertainment, while Vivo Energy soars to buy

UK stocks struggled right in the middle of a sideways path on Thursday, helped by gains in International Hotel Group and Mitchells & Butlers following a positive analyst note, while shares of Vivo Energy rose skyrocketed after news of the acquisition of 2.3 billion USD.

100 FTSE Index
+ 0.18%

inched 0.1% to 7,293, but for the week so far has gained almost 1%, against a weaker trend on European indices. GBP

steady at $1.3325.

Discounts are stockpiles of resources, with energy giant Royal Dutch Shell

+ 0.36%

down 0.8%, while miner Rio Tinto


and Glencore

1% off each category.

Oil prices


complete slightly lower on Wednesday as US inventories rose and traders awaited a response from OPEC and its allies on a US stockpiling release earlier this week.

US markets will be closed on Thursday for the Thanksgiving holiday and will reopen on Friday for a shortened session.

International hotel group

+ 2.91%

led the FTSE 100 gainers, up 2.7% after a double upgrade to buy from analysts at Jefferies, where a team led by James Wheatcroft predict pent-up demand will lead to attention Investors’ intentions are more in their leisure time. “The data encourages a focus on hotels for 2022,” he said, adding that they are also active in the gaming sector.

In addition, the analysts expect “low-fare, easily accessible entertainment activities such as pubs, restaurants, cinemas and catering will recover quickly as the landscape normalizes, driven by increased market share. Whitbread
+ 1.88%

and JD Wetherspoon
Mitchells & Butlers
+ 3.22%

are rated as purchased at Jefferies.

Shares of Mitchells & Butlers rose 4% and Whitbread rose 2%. Cineworld shares fell 1% and JD Wetherspoon was unchanged. The group also upgraded Melia Hotels International
+ 4.37%

in Spain to buy, and those shares rose 4.6%.

Above FTSE 250
+ 0.20%
shares of Vivo Energy
+ 19.39%

grew by nearly 20% after the Africa-focused fuel and lubricants retailer and distributor agreed to a $2.3 billion takeover by VIP II Blue BV, an indirect subsidiary of Vitol Investment Partnership II Ltd, an independent energy trading and marketing company. International Hotels Group escalates as Jefferies says time to buy entertainment, while Vivo Energy soars to buy


Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button