InterContinental Hotels Group
3 articles · Feb 2026
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Mixed Fortunes: Santos Cuts Workforce as Hospitality Sector Sees Glimmer of Hope
While Santos Ltd. is set to reduce its workforce by 10% due to disappointing profits, the hospitality sector is showing signs of resilience, with Union Square Hospitality Group's CEO highlighting the strength of fine dining and InterContinental Hotels Group reporting positive travel trends in Europe and the Middle East.
Global Markets Navigate Turbulence as AI Fears, Climate, and Economic Shifts Take Hold
As the US equity market grapples with AI-induced uncertainty, stock pickers see an opportunity to shine. Meanwhile, South African power traders call for clarity on Eskom's overhaul, and Russia's commodity exports face a threat from the iciest Baltic in years. In a separate development, Intercontinental Hotels Group launches a $950 million buyback program, signaling confidence in travel recovery.