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HOW BLEAK IS THE OUTLOOK FOR IHG?

<strong>SAM HART </strong>CHARLES STANLEY<br />&ldquo;InterContinental Hotels&rsquo; interim results were weak, impacted by very tough conditions in the global hotels industry. The results were, however, towards the upper end of market expectations. Cost savings remain a high priority in the current environment and the outlook is tough.&rdquo;<br /><strong><br />CHARLIE MENEGATOS </strong>ACCENDO MARKETS<br />&ldquo;While boss Andrew Cosslett said he expected the remainder of 2009 to be "tough", the further cost savings planned and careful management are starting to reap dividends. The group reported a forecast-beating dip in interim profits and we reiterated a &ldquo;buy&rdquo; recommendation.&rdquo;