M&C enjoys Olympics pick-up
2nd Nov 2012 07:14
Revenue per available room (RevPAR), a key metric in the hotel business, rose in the third quarter at Millennium & Copthorne (M&C), with London enjoying an Olympic boost. M&C's revPAR in the third quarter improved 2.6% to £71.23 from £69.41 the year before. RevPAR in London was up 20.2% year-on-ye
Read moreMillennium and Copthorne revPAR still rising
2nd Aug 2012 07:16
Hotels group Millennium and Copthorne said revenue per available room (RevPAR), a key performance metric in the hotel industry, rose by 4.5 per cent in the second quarter, primarily driven by an increase in average room rate. RevPAR increased to £70.06 during the second quarter to 30 June 2012 from
Read moreLondon close: Barclays limits late rally for Footsie
28th Jun 2012 16:51
- Losses pared but banks still weigh on market - Barclays and banks sold off on Libor issues - Ladbrokes drops after profit warning London's blue-chip index finished at 5,493 on Thursday, well above its intraday low of 5,438 but still firmly in the red, as banking stocks provided a drag on the back
Read moreFTSE 250 movers: Ladbrokes dives on profit warning
28th Jun 2012 15:19
Betting firm Ladbrokes dropped significantly after it issued a profit warning for its Digital division, blaming increased technology investment, marketing spend and a poor sportsbook margin in the second quarter of 2012. Peel Hunt downgraded the stock from 'buy' to 'hold' this morning. Hotels grou
Read moreLondon midday: Banking stocks tank on Libor controversy
28th Jun 2012 11:42
- EU summit to begin soon - UK GDP in line with initial estimates - Libor scandal hits Barclays, banking stocks With the heavyweight banking sector extending its earlier losses, the Footsie was trading close to its lowest levels of the day by Thursday lunchtime ahead of the two-day EU summit which
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreMillennium and Copthorne appoints new CFO
19th Jun 2012 07:39
Hotels group Millennium and Copthorne (MLC) has announced three top-level changes to its board and senior management, including the appointment of a new Chief Financial Officer (CFO). John Chang, who qualified as a certified public accountant in Singapore in 1994, is now MLC's CFO reporting to Chie
Read moreMillennium and Copthorne's revPAR surges
3rd May 2012 10:18
International hotels group Millennium and Copthorne saw the key metric of revenue per available room (RevPAR) rise strongly in the first quarter, as travellers flocked to London and Singapore. RevPAR rose to £59.17 in the first quarter from £55.28 in the corresponding period of 2011, a 7.0% increas
Read moreMillennium 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 200
Read moreWednesday broker round-up - UPDATE
22nd Feb 2012 09:32
Vodafone: Credit Suisse cuts target from 175p to 170p, outperform rating kept. Vedanta Resources: Credit Suisse maintains neutral rating and 1,400p target. AMEC: UBS raises target from 1,225p to 1,325p, buy rating unchanged; Nomura raises target from 1,130p to 1,240p, buy rating unchanged. HSBC:
Read moreMillennium and Copthorne hikes divi after record year
22nd Feb 2012 07:54
Hotels group Millennium & Copthorne smashed expectations with profits and revenue reaching record levels in 2011, prompting the firm to raise its full-year dividend by almost two-thirds. Pre-tax profits jumped 50.3% in the 12 months ended December 31st from £128.6m to £193.3m, well ahead of the con
Read moreWednesday preview: Hays, Millennium and Copthorne, house builders, BoE minutes
21st Feb 2012 17:08
Recruitment firm Hays could slice the dividend when it announces interim figures on Wednesday. Charles Stanley reckons the interim divi will be rebased - City code for "reduced" - to a penny from 1.85p last year. "Unfortunately, for shareholders, the dividend is probably no longer affordable and
Read moreTuesday broker round-up - UPDATE
14th Feb 2012 10:40
British Land: Credit Suisse downgrades to neutral from outperform, target cut to 532p from 560p. Barclays: UBS raises target from 199p to 240p, neutral rating kept. Shore Capital upgrades to neutral from sell. Exane BNP upgrades to overweight from neutral. Standard Life: Nomura raises target from
Read moreSector movers: ARM gives leg-up to Tech sector
4th Nov 2011 19:20
ARM Holdings, the chip designer, is arguably the king of the mobile devices arena, but has not made many inroads into the desktop and server based market, but that may be all about to change. PC colossus Hewlett-Packard (H-P), which recently rescinded its decision to get out of the PC business, yes
Read moreLondon close: Footsie drifts lower ahead of Greek vote
4th Nov 2011 17:00
Things were going relatively swimmingly in London, until US jobs data prompted some investors to bank profits ahead of this evening's vote-of-confidence vote in the Greek parliament. The vote could be 'make-or-break' for prime minister George Papandreou. Many leading politicians in Greece have cal
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