London stocks open higher ahead of UK inflation data, cenbank decision By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
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Source: Investing.com
- London Stock Market: London stocks opened positively, with the FTSE 100 up by 0.5% and the FTSE 250 rising by 0.6%.
- Market Trends: The FTSE 100 has been fluctuating between 8,200 and 8,100 levels recently, with potential for a steeper decline below 8,100.
- Upcoming Events: Investors are focused on upcoming key events like the domestic consumer price index (CPI) data release and the Bank of England's policy vote.
- Stock Movements: Whitbread saw a 2.8% gain after reiterating its annual forecast, while Ashtead Group faced losses of 3.5% due to a slower growth forecast.
- Sector Performance: All FTSE 350 sectors were in positive territory during the day.
Analyst Views on AHT
About AHT
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). The Company's portfolio consists of upscale hotels and upper upscale full-service hotels. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Company operates through one segment: direct hotel investments. It has a portfolio consisting of approximately 68 consolidated operating hotel properties, which represent over 16,736 total rooms. It owns a 15.1 % ownership in OpenKey, Inc. It owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 99.0% ownership interest in Stirling REIT OP, LP (Stirling OP). The Company also has an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment) in Napa, California.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
