Singapore's City Developments to buy Millennium & Copthorne for ?2.23bn
7th Jun 2019 17:39
(Sharecast News) - Shares in Millennium & Copthorne rocketed on Friday after it agreed to be bought by Singapore-listed real estate company City Developments (CDL) for £2.23bn.
Read moreMillennium & Copthorne Q1 profit hit by refurbishments
10th May 2019 07:38
(Sharecast News) - Millennium & Copthorne posted a drop in first-quarter revenue and pre-tax profit on Friday as it took a hit from the refurbishment of some of its hotels.
Read moreMillennium Hotels says Brexit causing recruitment problems
15th Feb 2019 07:37
(Sharecast News) - Hotel group Millennium & Copthorne said Brexit was impacting its ability to hire European Union nationals as full year profits fell 28% to £106m.
Read moreMillennium & Copthorne to rebrand Mayfair hotel as The Biltmore
8th Jan 2019 11:00
(Sharecast News) - Millennium & Copthorne Hotels said on Tuesday that it will rebrand the Millennium Hotel London Mayfair as The Biltmore, Mayfair, as part of its plan to reposition it as a new five-star deluxe hotel.
Read moreBrexit, trade tensions hit Millennium & Copthorne
2nd Nov 2018 08:01
(Sharecast News) - Millennium & Copthorne Hotels on Friday said global trade tensions and Brexit contributed to a sharp fall in third-quarter pre-tax profits.
Read moreMillennium & Copthorne boss checks out early
28th Sep 2018 07:44
(Sharecast News) - Millennium & Copthorne Hotels chief executive Jennifer Fox has agreed to step down after less than four months.
Read moreStronger sterling and Mayfair closure take shine off Millennium & Copthorne first half
3rd Aug 2018 09:16
(Sharecast News) - Millennium & Copthorne Hotels issued its interim management report for the six months ended 30 June on Friday, reporting a 4.3% fall in group revenue per available room (RevPAR) to £75.29 in reported currency.
Read moreMillennium & Copthorne to take a hit from London Mayfair hotel closure
26th Jul 2018 12:28
(Sharecast News) - Millennium & Copthorne Hotels announced on Thursday that, as part of its commitment to increase investment in its assets as it announced in its preliminary results for the period ended 31 December, a decision has been made to close the Millennium Hotel London Mayfair entirely during the remainder of its refurbishment programme.
Read moreWeak sterling helps Millennium & Copthorne weather tough year
17th Feb 2017 07:12
(ShareCast News) - International accommodation operator Millennium & Copthorne posted its final results for the 2016 calendar year on Friday, with group revenue per available room (RevPAR) increasing 6.6% to £76.71. The FTSE 250 firm said that in constant currency, however, RevPAR fell by 2.3%, and
Read moreMillennium & Copthorne profit boosted by weaker pound
2nd Nov 2016 07:56
(ShareCast News) - Millennium & Copthorne reported a rise in profit in the third quarter as it benefited from a weaker sterling in the aftermath of the UK's vote to leave the European Union. In the quarter to the end of September, pre-tax profit was up 27.8% to £46m, on revenue of £247m, up 17.1%. F
Read moreMillennium & Copthorne posts 'disappointing' first half
3rd Aug 2016 07:33
(ShareCast News) - Millennium & Copthorne Hotels posted its half-year report for the six months to 30 June on Wednesday, with Group revenue per available room (RevPAR) in constant currency falling by 4.2% to £67.91, compared to £70.88 in the same period last year. The FTSE 250 firm put the drop down
Read moreMillennium & Copthorne profit edges lower amid uncertain outlook
5th May 2016 09:52
(ShareCast News) - Millennium & Copthorne reported a small drop in first-quarter profit as hotels revenue fell and the company warned of an "uncertain" outlook. In the first quarter to the end of March, pre-tax profit nudged down to £18m from £19m, while revenue per available room fell 2.6% to £60.0
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreBerenberg downgrades Millennium & Copthorne after "weak" results
8th Mar 2016 13:11
(ShareCast News) - Berenberg downgraded Millennium & Copthorne Hotels to 'sell' from 'hold' and chopped the price target to 340p from 470p following the company's "weak" full year results. The bank said that although hotel revenue was up 2% year-on-year, this was driven by acquisitions and an FX tai
Read moreMillennium & Copthorne profit hit by external factors
19th Feb 2016 07:37
(ShareCast News) - Millennium & Copthorne Hotels posted an 86% drop in fourth quarter pre-tax profit despite a slight gain in revenue. Pre-tax profit declined to £11m from £80m in the fourth quarter of 2014, although revenue nudged up 1.3% to £232m. Revenue per available room (RevPAR), which is a ke
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