M&C puts Singapore shopping centre up for sale
16th Jun 2010 10:59
Hotel group Millennium & Copthorne is proposing to sell its interest in Tanglin Shopping Centre in Singapore. The company's King's Tanglin Shopping Pte Ltd (KTSPL) subsidiary currently owns 85 freehold strata units comprising retail and office units and 325 carpark lots in Tanglin Shopping Centre w
Read moreMillennium & Copthorne Puts Singapore Shopping Centre Up For Sale
16th Jun 2010 09:39
LONDON (Dow Jones)--Millennium & Copthorne Hotels PLC (MLC.LN) said Wednesday its wholly-owned subsidiary, King's Tanglin Shopping Pte Ltd, or KTSPL, has signed a collective sales agreement with respect to its strata-titled interest in Tanglin Shopping Centre, a shopping-cum-office development situa
Read moreFTSE 250 movers: Misys takes off
9th Jun 2010 13:55
Shares in financial software provider Misys have taken off after it said it is to return more than $1bn to shareholders after selling the majority of its stake in its Allscripts subsidiary. Volatility in foreign exchange and equity markets and growth in all of its areas of business boosted spread b
Read moreThursday tips round-up: Logica, CSC, Rightmove
6th May 2010 06:06
Put Logica among the likely losers from a hung Parliament. The Government is by far the biggest customer of the IT services provider in its home market, accounting for 62 per cent of last year's UK sales. The company works on big-ticket technology projects for the Crown Prosecution Service, the Poli
Read moreLondon close: Late rally pares losses
5th May 2010 17:16
Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th
Read moreLondon afternoon: Greek riots rattle investors
5th May 2010 14:53
Footsie is now nursing a triple digit fall as the downward trend seen in the last hour of the morning session accelerated over lunch as US investors woke up to television footage of Greeks rioting in the streets. Civil unrest in Greece has sent the price of oil and metals into decline with a predic
Read moreLondon midday: Stocks turn south again
5th May 2010 12:19
Having recovered all the way back to last night's closing level shortly after 11:00am the Footsie headed south again for the remainder of the morning as the US futures markets suggested Wall Street will open lower. On a busy day for trading announcements Next is the most conspicuous faller despite
Read moreMillennium and Copthorne lifts profits
5th May 2010 08:45
Lower room rates helped Millennium and Copthorne fill up its hotels in the first quarter, resulting in an improvement in profits and revenues. Pre-tax profits climbed to £18.6m from £11m over the same period the previous year as revenue edged up to £160.5m from £157.1m. RevPAR (revenue per availab
Read moreM&C Chinese JV problems deepen
15th Apr 2010 16:10
Hotel group Millennium & Copthorne (M&C) has given an update to the problems its Chinese joint venture is experiencing, and the news is not good. The company is in dispute with Cheung Ping Kwong, alleging that Cheung has unlawfully seized control of IVGL and wheeling and dealing without the consent
Read moreLondon close: Paltry gains for FTSE 100
12th Apr 2010 16:36
Footsie closed just a few points in the blue after an unusually sluggish day, even for a Monday. In the absence of any blockbusting company news much of the share price activity has been generated by newspaper or broker comment. Antofagasta was one of many laggards in a soft mining sector after
Read moreLondon afternoon: London lays low
12th Apr 2010 14:36
Traders who stuck to their dealing screens over the lunchtime session were left wondering why they bothered as they market remained as quiet and as uneventful as it had been in the morning session. In the absence of any blockbusting company news much of the share price activity has been generated b
Read moreLondon midday: Home Retail rises on bid talk
12th Apr 2010 11:59
Hopes that news of the rescue package for Greece would give renewed impetus to London's advance are proving unfounded, as the Footsie is weighed down by weak miners. Xstrata leads the mining sector lower, with ENRC and Antofagasta not far behind. The last mentioned was recently downgraded to 'hold'
Read moreFTSE 250 movers: Chinese troubles hit M&C
12th Apr 2010 11:29
Shares in hotel group Millennium & Copthorne (M&C) fall back after it said its New Zealand subsidiary has run into trouble with its Chinese joint venture. In what is sure to spark a legal dispute First Sponsor Capital Limited (FSCL), in which Millennium & Copthorne Hotels New Zealand (MCK) has a 34
Read moreLondon open: Greece deal boosts Footsie
12th Apr 2010 08:25
London's top stocks have made a good start to the new week on news that euro zone finance ministers have approved a €30bn emergency aid package for debt-stricken Greece. Under the terms of the deal, Greece would receive the potential aid via a three-year loan with an interest rate of around 5%, wel
Read moreM&C embroiled in Chinese shenanigans
12th Apr 2010 07:56
Hotel group Millennium & Copthorne (M&C) said its New Zealand subsidiary has run into trouble with its Chinese joint venture. In what is sure to spark a legal dispute First Sponsor Capital Limited (FSCL), in which Millennium & Copthorne Hotels New Zealand (MCK) has a 34% interest, has accused one
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