FTSE 250 movers: Lancashire pays another special divi
4th Nov 2011 16:38
Third-quarter figures from Lancashire Holdings were rosy, with the insurance broker admitting it got off fairly lightly in the Atlantic wind season. "The Atlantic wind season threatened serious losses with the US landfall of Hurricane Irene, but a fall in the intensity of the wind speeds resulted i
Read moreLondon midday: ARM & RBS lead the rise
4th Nov 2011 12:28
The Footsie's earlier gains were trimmed after midday after some key US jobs data came in worse-than-expected. The Bureau of Labor Statistics has revealed that 80,000 non-farm payrolls were added in October, well under expectations of a 95,000 gain. "Employment in the private sector rose, with mode
Read moreMillennium & Copthorne down on Eurozone slow-down
4th Nov 2011 11:31
Millenium & Copthorne Hotels, which owns and manages over 100 hotels globally has seen a sharp drop in its shareprice this morning following a warning over future revenues. The 5% fall seems harsh on the West Sussex firm considering, on virtually every metric, it has had a strong third quarter. Th
Read moreUPDATE: Digital Look broker talk
4th Nov 2011 09:23
Royal Bank of Scotland: "The Q3 figures are very similar to expectations, with no negative surprises. The strengthening of the balance sheet has continued...However, the longer-term challenges remain" [Nomura]. Royal Bank of Scotland: "Despite the endless additional political and regulatory roadblo
Read moreUPDATE: Friday broker round-up
4th Nov 2011 08:58
Royal Bank of Scotland: Nomura keep neutral rating and target of 34p. Royal Bank of Scotland: Evolution Securities keeps buy recommendation and 40p target. Man Group: UBS reduces target from 250p to 210p, buy rating maintained. RSA: Nomura reiterates buy rating and 148p target. Smith & Nephew:
Read moreFriday preview: Greek vote, US jobs data, Smith and Nephew ...
3rd Nov 2011 20:01
Activities on the UK corporate news front are set to take a back seat on Friday to events in Greece, where the government faces a vote of confidence motion in parliament, and the US, where the non-farm payrolls data will be as keenly watched as ever. Even inveterate gamblers are reluctant to take a
Read moreUPDATE: Tuesday broker round-up
1st Nov 2011 09:33
Man Group: Credit Suisse reiterates outperform rating and 235p target. Barclays: UBS downgrades from buy to neutral, target raised from 208p to 215p. Barclays: Investec keeps buy rating and 330p target. Legal & General: Nomura keeps buy rating and 180p target. Legal & General: Investec keeps sel
Read moreThursday tips round-up: Millennium & Copthorne, Hargreaves Services, Quadrise
15th Sep 2011 06:31
Millennium & Copthorne hasn't had the easiest of rides in recent weeks. A glance at the company's interim management statement in early August doesn't go very far in explaining the slump. The update showed that pre-tax profits in the second quarter were up more than 90%. The company's strengths - an
Read moreMillennium & Copthorne Q2 pre-tax profit almost doubles
2nd Aug 2011 09:11
Millennium & Copthorne Hotels' second quarter pre-tax profits nearly doubled as the hotel operator saw strong growth in revenue per available room in gateway cities like London, Singapore and New York. For the second quarter, the company's pre-tax profits rose 91.8%, including a gain of £17.4m fr
Read moreMillennium & Copthorne forays into Japan
8th Jul 2011 12:18
International hotels group Millennium & Copthorne (M&C) has acquired a new property in the Ginza district of Tokyo in Japan for £73.6m, marking its first foray into the Japanese hotel market. M&C's wholly owned subsidiary CDL Hotels Holdings Japan entered into a conditional purchase and sale agreem
Read moreWednesday tips round-up: Capita, Halma, Northumbrian Water...
29th Jun 2011 06:36
Capita bosses were doing the Lambeth walk yesterday as they picked up a £60m, 10-year contract with the London borough to deliver a range of services. The scope of the deal could be widened to make it worth up to £300m over time. While others reliant on Government work for revenues have been feeling
Read moreLondon close: Late rally helped by the US
6th May 2011 16:41
The Footsie finished over 1% higher as an afternoon rally was helped by some better-than-expected US non-farm payrolls figures. According to the Bureau of Labor Statistics, non-farm payrolls rose by 244,000 in the month of April, while consensus had been pointing to a gain of 198,000. Banking gian
Read moreFTSE 250 movers: easyJet gains altitude
6th May 2011 14:57
Budget airline easyJet is flying higher after better-than-expected passenger figures for April. The airline carried 4.72m passengers in April, up 35.1% from the 3.49m passengers in April 2010. Hotels group Millennium & Copthorne posted higher revenues and profits in the three months to 31 March, bu
Read moreLondon midday: Stocks stuck lower as volatility continues
6th May 2011 12:03
On another jittery day for the top share index, the FTSE 100 is slightly lower having won back some earlier losses. Well received results have failed to lift it into positive territory though. Part-nationalised lender Royal Bank of Scotlandis in demand. It made an underlying first quarter operating
Read moreLondon open: Flat start despite upbeat stocks news
6th May 2011 08:26
An unusually large number of company updates for a Friday has been given the thumbs up overall, but traders remain cautious following the slide over the past two days and the top share index is flat. Part-nationalised lender Royal Bank of Scotlandis in demand. It made an underlying first quarter op
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