Millennium and Copthorne Hotels non-exec makes sale

4th Apr 2012 15:45

Richard Hartman, a Non-Executive Director of FTSE 250 firm Millennium and Copthorne Hotels, sold 132,694 shares in the company on April 3rd at a price of 478.00p each. The £634,277 transaction followed the vesting of around 479,000 shares under the firm's long term incentive plan on March 30th 2009. The company, which owns and manages over 100 hotels globally, has seen its stock fall almost 7% over the past year, equivalent to 34p. In February the firm reported a strong third quarter, with the revenue per available room up 7.8% compared to the third quarter of 2010. On a like-for-like basis headline profit increased 19.9% to £42.1m on revenues of £198.2m (excluding a £44.2m land sale in Malaysia). The problem for Millenium and Copthorne is the euro debt crisis which is having a chilling effect on business in Europe. In his statement the company's chairman Kwek Leng Beng acknowledges that the firm is "noticing more caution amongst business customers, reflecting anxiety about events affecting the Eurozone." Top Director BuysNext (NXT) Director name: Mr C E AngelidesAmount purchased: 4,196 @ 2,956.80p Value: £124,067Next (NXT) Director name: Mr Andrew John VarleyAmount purchased: 3,357 @ 2,956.80p Value: £99,260Next (NXT) Director name: Mr David W KeensAmount purchased: 3,357 @ 2,956.80p Value: £99,260Mariana Resources Ltd. (MARL) Director name: Mr John HorsburghAmount purchased: 500,000 @ 7.25p Value: £36,250Fidessa Group (FDSA) Director name: Mr Chris AspinwallAmount purchased: 1,950 @ 1,631.30p Value: £31,810Sigma Capital Group (SGM) Director name: Mr John HamiltonAmount purchased: 285,714 @ 7.01p Value: £20,029International Greetings (IGR) Director name: Mr Anthony LawrinsonAmount purchased: 35,000 @ 49.00p Value: £17,150Legal & General Group (LGEN) Director name: Mrs Julia WilsonAmount purchased: 8,163 @ 130.08p Value: £10,618Sigma Capital Group (SGM) Director name: Mr David SigsworthAmount purchased: 150,000 @ 7.01p Value: £10,515Sigma Capital Group (SGM) Director name: Mr Gwynn Galloway ThomsonAmount purchased: 142,857 @ 7.01p Value: £10,014Top Director SellsPearson (PSON) Director name: Ms Marjorie ScardinoAmount sold: 127,863 @ 1,186.00p Value: £1,516,455Pearson (PSON) Director name: Ms Rona A FairheadAmount sold: 45,519 @ 1,186.00p Value: £539,855Pearson (PSON) Director name: Mr Robin FreestoneAmount sold: 45,519 @ 1,186.00p Value: £539,855Pearson (PSON) Director name: Mr John MakinsonAmount sold: 45,519 @ 1,186.00p Value: £539,855Pearson (PSON) Director name: Mr Will EthridgeAmount sold: 43,352 @ 1,186.00p Value: £514,155Interserve (IRV) Director name: Mr Adrian M RingroseAmount sold: 45,368 @ 297.48p Value: £134,961STV Group (STVG) Director name: Mr Rob WoodwardAmount sold: 89,903 @ 124.00p Value: £111,480Interserve (IRV) Director name: Mr Bruce MelizanAmount sold: 27,005 @ 297.48p Value: £80,334Interserve (IRV) Director name: Mr Steven DanceAmount sold: 27,005 @ 297.48p Value: £80,334Portmeirion Group (PMP) Director name: Mr B.W.J. PhillipsAmount sold: 13,575 @ 520.00p Value: £70,590NR