Updates from InterContinental Hotels, Wood Group and HICL Infrastructure

Greek deal still hangs by a thread meanwhile InterContinental Hotels claims strong 14' bookings

savings, tax, stockmarket, pensions, cash, investment FTSE 100, Wood Group, Intercontinental Hotels, HICL Infrastructure
The FTSE 100 gave away 16.4 points on Monday, ending at 6,857.0. There were more gains for Tullow Oil, up 3.7% to 420p while Antofagasta and SABMiller also climbed (2.6% and 1.9%). However miner Fresnillo shares sank more than 4.3% to 840.50p, faltering on a fresh broker downgrade from Morgan Stanley. Centrica shares also fell hard, down almost 3% to 278.8p.

Following the on-going Greek talks, Asian markets saw the Nikkei 225 slightly down at 17,987, still close to its highest mark since midsummer 2007.

We commence with a brief hotel stay: Intercontinental Hotels says it saw a 2% dip in revenues for 2014 to $1858m, with operating profits down 3% to £651m. But underlying fee revenue climbs 7% and operating profit is up 10%.

On the digital strategic level, InterCo claims 50% growth in mobile bookings, to more than $900m. China growth was good it says; the total dividend per share climbs 10% to 77.0 cents.

Chief exec Richard Solomons claims a strong RevPAR performance of 6.1%, "our best net system size growth since 2009 of 3.4%, increasing our operating profit on an underlying basis by 10%".

Next, full year numbers from engineering support services player Wood Group. Performance remains in line with expectations it says with total revenue of $7,616.4m, up 7.8% on 2013 ($7,064.2m) and total EBITA of $549.6m up 3.1%.

Profits from continuing operations are up 10.9% at $414.5m (2013: $373.7m) it says and the dividend is well protected, up 25%. The Aberdeen-based company says it expects to cut costs by up to $30m due to the dip in oil prices.

"The Group," says chairman Ian Marchant, "performed well in 2014, delivering in line with expectations against a backdrop of a steep decline in oil price towards the end of the year."

We end with an update from HICL Inrastructureand a new French investment - an 85% interest in the Ecole Centrale Supelec PPP Project.

This consists of the design, construction, finance and maintenance of a new facility for the Ecole Centrale Supelec on plateau de Saclay, near Paris, plus shared teaching and research facility, an underground carpark and a hotel facility.

The project will take approximately two years to complete, "with an operational period of 26 years from construction completion" says HICL.

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