London stocks rise 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 slightly increased, with focus on upcoming inflation data and Bank of England's policy decision.
- FTSE 100 and FTSE 250: Both indices rose by 0.3% each.
- Market Analysis: Analysts anticipate a possible rate cut by the Bank of England in August or September based on economic data.
- Individual Stocks: Whitbread gained 3.4%, while Ashtead Group dropped 4.8% due to a forecast of slower growth.
- Sector Performance: Travel and leisure sector led gains among FTSE 350 sectors, with all sectors showing positive performance.
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.
