Market updates in the week ahead

InterContinental Hotels, the US hotel operator, is to update the market on Tuesday. Analysts believe the operating profit will be between $250m and $261m. Last year the group's operating profit was $219m for the first half. Broker UBS thinks the predominantly US exposed Holiday Inn owner will only see 1 per cent growth in room numbers in 2011.

Holiday companies have taken a beating this month, with Thomas Cook chief executive Manny Fontenla Novoa departing last week. This week, rival TUI Travel updates the market with its quarterly results and a trading update.

This week also sees Greggs reveal interim results on Tuesday.

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