The FTSE 100 index closed down 32.83 points, or 0.3%, at 10,756.45 on Wednesday. ^[1] The Parkside Residence mixed-use development, located on the former Szikra Printing Works site in Budapest's 13th district, reached its topping-out stage, marking completion of structural works. ^[2] UBS upgraded InterContinental Hotels Group (IHG) from Neutral to Buy and raised its price target to $188 from $157.65. ^[3] Brent crude for November delivery was quoted at 95.40 dollars a barrel at the time of the London equities close on Wednesday, up from 92.48 at the time of the London equity close on Tuesday. ^[4] Iran's Revolutionary Guards announced attacks on US bases in Jordan, the UAE, Kuwait, Bahrain and Iraq's autonomous Kurdistan region, marking the heaviest exchange in weeks of the six-month conflict. ^[5] The FTSE 250 ended down 197.23 points, or 0.8%, at 24,324.06, and the AIM all-share closed down 6.05 points, or 0.8%, at 790.01. ^[6] Magyar Építők reported that the four-phase project plans call for 324 new homes, a 152-room four-star hotel, nine retail units, 364 parking spaces and 215 storage units. ^[7] The 152-room Staybridge Suites hotel, part of IHG Hotels & Resorts' portfolio and operated by Mogotel Hotel Group, will target business travellers on medium-length stays. ^[8] The 43,650-square-metre site, bounded by Esztergomi Road, Visegrádi Street, Süllő Street and Zsilip Street, had been largely unused for more than 15 years and is being redeveloped with homes, a hotel, retail and community spaces. ^[9] UBS analysts led by Jarrod Castle cited IHG's strong long-term track record, including earnings compounding at roughly 9% annually over the past decade. ^[10] UBS analysts noted that IHG shares trade at a roughly 3% discount to Hilton, creating an attractive opportunity despite historical in-line pricing. ^[11] UBS raised its 2026 revenue per available room (RevPAR) and net unit growth assumptions to 3.5% and 5.0% respectively. ^[12]