Millennium & Copthorne underling steady but sterling hits earnings
1st May 2014 09:46
FTSE 250 hotels group Millennium & Copthorne booked in a steady underlying first-quarter trading update, though the strength of sterling hit the bottom line hard. Revenue was down 0.3% to £175.3m, but up 5.9% on a constant currency basis, with profit before tax falling 15.5% to £20.1m. The curren
Read moreMillennium & Copthorne completes acquisition of London hotel
25th Mar 2014 15:58
Millennium & Copthor Hotels has completed the acquisition of The Chelsea Harbour Hotel in London. The FTSE 250 group said it has bought the five-star, all-suite hotel in London's Chelsea Harbour development for £65m. The property, which offers 154 suites and four penthouses in an iconic riverside
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreFTSE 250 movers: IP Group jumps on IPO of portfolio group Xeros
21st Feb 2014 13:57
Intellectual property company IP Group soared after announcing plans to float its portfolio company Xeros on the AIM market. Around a third of washing machine firm Xeros will be put up for sale, which is expected to raise between £30-40m. IP believes it will allow Xeros to "accelerate the roll-out
Read moreLondon midday: Stocks at one-month high on Vodafone capital return
21st Feb 2014 11:45
- Vodafone and RBS provide a lift - Vodafone capital return lifts sentiment - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest level in month techMARK 2,884.38 +0.29% FTSE 100 6,827.26 +0.21% FTSE 250 16,401.56 +0.20% UK stocks rose to levels not seen in a month on Friday as a windfal
Read moreLondon open: Stocks at one-month high as Vodafone, RBS gain
21st Feb 2014 08:47
- Vodafone, RBS and Glaxo provide a lift - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest intraday level in month techMARK 2,891.98 +0.55% FTSE 100 6,840.31 +0.40% FTSE 250 16,419.58 +0.31% Strong gains from heavyweights Vodafone, RBS and GlaxoSmithKline gave UK markets a boost on
Read moreMillenium & Copthorne reports record 2013 after Glyndebourne deal
21st Feb 2014 08:14
- Glyndebourne deal leads to record full-year results - Hotel revenues fall 1.5 per cent - Total dividend hiked by 67 per cent - M&C 'cautiously optimistic' about 2014 Millennium & Copthorne (M&C), the FTSE 250 hotel firm, registered record revenues and profits for 2013 after fourth-quarter results
Read moreFTSE 250 movers: Bwin.party rises on Numis rating
18th Feb 2014 12:57
Bwin.party Digital Entertainment rose strongly after Numis Securities reiterated its 'buy' rating on the stock. Oil services company Wood Group jumped after it reported a 14% increase in pre-tax profits to $412.8m for the year to December 31st 2013. Revenues rose 3% to $7.1bn, while profits before
Read moreMillennium & Copthorne buys Novotel in New York
10th Feb 2014 07:10
Hotel group Millennium & Copthorne (M&C) is buying the Novotel Times Square hotel in New York for about 167m pounds. M&C is acquiring the freehold interest in the 34-storey building from 226 West Fifty-Second Street, LLC, a partnership led by a fund linked to Apollo Global Management, and Chartres
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreLondon close: Stocks settle higher ahead of Christmas
24th Dec 2013 12:10
- British Land rallies on Broadgate joint venture - Tullow Oil pulls plug on North Sea well - UK mortgage borrowing rises in November Market Movers techMARK 2,768.95 +0.26% FTSE 100 6,694.17 +0.23% FTSE 250 15,783.04 +0.26% London's leading shares closed higher in Tuesday's shortened trading sessi
Read moreLondon midday: Stocks nudge higher in pre-Christmas trading
24th Dec 2013 11:26
- UK mortgage borrowing rises in November - Millennium & Copthorne Hotels eyes Chelsea hotel acquisition - Tullow Oil pulls plug on North Sea well Market Movers techMARK 2,771.80 +0.36% FTSE 100 6,706.26 +0.41% FTSE 250 15,786.34 +0.28% London's leading shares remained in positive territory in lig
Read moreMillennium Copthorne poised to buy Chelsea hotel
24th Dec 2013 10:33
Millennium & Copthorne Hotels said it will extend its global hotel portfolio with the acquisition of a new property in the Chelsea district of London for 65m pounds. The hotel is a luxury property that borders the River Thames and offers 154 suites and 4 penthouses. The primary lease to be acquired
Read moreFTSE 250 movers: Serco rallies on UK government deal
19th Dec 2013 14:43
Serco gained after the support services group reached a 68.5m-pound deal with the UK government over its troubled electronic tagging contract. Serco, which has faced a probe into allegations of over-charging for tagging criminals, has agreed a full and final settlement with the Ministry of Justice
Read moreMonday broker round-up UPDATE
25th Nov 2013 08:00
African Barrick Gold: Goldman Sachs ups target price from 110p to 140p, but still recommends selling. Alternative Asset Opps: Westhouse Securities initiates with a buy recommendation. Amino Technology: Northland Capital cuts target price from 110p to 100p and downgrades from buy to hold. Asian Pl
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