Hilton Food Group PLC (LSE:HFG) sparked a 14% share price rally on Thursday as the food producer lifted full-year profit targets while managing an ongoing seafood margin squeeze. The shares climbed from 631p to 718p as Shore Capital reiterated its 'house stock' rating and updated its financial model after interim results beat market expectations.
Hilton's Asia Pacific President Alan Watts says one country is "the most exciting market for travel and tourism globally" and will be for the next decade. The hotel company is also seeing strong momentum in Southeast Asia and Japan, even as China lags.
President Donald Trump will meet Wednesday with leaders from major airlines, hotels and travel companies after a men's FIFA World Cup-fueled summer tourism boost. Travel spending rose 6.2% in June, but prices climbed 8.1% and overseas arrivals remained down.
WASHINGTON--(BUSINESS WIRE)-- #hotels--Hotel workers' union UNITE HERE has launched the website GraduateFails.org detailing ways AJ Capital Partners and Graduate by Hilton Hotels have failed workers and communities across the country. The website is accompanied by digital ads to hotel customers and follows the issuing of a travel advisory for the brand. Graduate Hotels are owned by AJ Capital P...
SEATTLE--(BUSINESS WIRE)--As workers at the Embassy Suites by Hilton Seattle Downtown Pioneer Square mark 50 days on strike, their union UNITE HERE Local 8 is calling out Hilton Hotels for rejecting proposed contract language that would require Hilton to tell Local 8 if ICE or DHS agents are present on the premises. The union launched a digital billboard in downtown Seattle and digital ads to H...
Loews Corp (NYSE:L), the New York-listed conglomerate with interests in insurance, pipelines, hotels and packaging, reported second-quarter net income of $444 million as its smaller businesses picked up the slack from a weakening insurance market. That compares with $391 million a year earlier, with earnings per share rising to $2.16 from $1.87.
Hilton Worldwide Holdings Inc (NYSE:HLT) raised its full-year profit outlook on Tuesday, but shares fell 3.4% after third-quarter guidance came in below Wall Street estimates. The hotel operator now expects full-year adjusted earnings per share of $8.89 to $9.01, up from $8.79 to $8.91 previously.
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