FTSE 250 movers: M&C jumps after land sale
15th Sep 2010 15:23
Shares in Millennium & Copthorne move ahead after the hotel group announced it is selling off a chunk of land in Malaysia that is adjacent to its Grand Millennium Kuala Lumpur hotel at a handy profit. Russian gold miner Petropavlovsk is wanted despite the lower gold price. Electricals specialist D
Read moreMillennium & Copthorne turns profit on land sale
15th Sep 2010 07:26
International hotels group Millennium and Copthorne is selling off a chunk of land in Malaysia that is adjacent to its Grand Millennium Kuala Lumpur hotel at a handy profit. Property developer Urusharta Cemerlang is buying 29,127 square feet of land from Millennium & Coptorne (M&C) subsidiary CDL H
Read moreFTSE 250 movers: Stocks feel the squeeze
31st Aug 2010 14:35
Mid-cap stocks have fallen back amid continuing worries over the state of the global economy. Millennium & Copthorne Hotels, like its FTSE 100 listed peer InterContinental, is among the stocks in the red. On the plus side, social housing maintenance group Connaught is up 16%, though the gains are
Read moreLondon close: Footsie finishes lower
5th Aug 2010 16:56
Blue chips closed lower on a mixed day for company results. Insurers rose on the back of figures from Aviva and RSA, but banks slipped back on Barclays' numbers. Disappointing unemployment data from the US also undermined confidence, while the decision from the Bank of England and ECB to keep inter
Read moreFTSE 250 movers: M&C sees hotel sector improvement
5th Aug 2010 14:42
Hotel group Millennium & Copthorne saw profits soar in the second quarter as the sector - one of the worst hit during financial crisis - continued its recovery. Investors are snapping up shares in the stock. Bookmaker Ladbrokes warned of a challenging consumer environment as it posted a fall in pro
Read moreLondon afternoon: Insurers in demand
5th Aug 2010 14:23
Company results have divided opinion in the market today leaving the FTSE 100 in a mixed-up mood, while second-liners make decisive headway. Insurers are doing their bit to push the market higher with Aviva and RSA Insurance both firmer after releasing figures. Aviva reported a better-than-expect
Read moreLondon midday: Footsie stays strong after rally
5th Aug 2010 12:32
Footsie seems to have stabilised in positive territory amid a mixed reception for today's deluge of company updates. There were no surprises from the Bank of England today as its Monetary Policy Committee kept rates on hold at 0.5%. Insurer Aviva is currently the best performer after it reported a
Read moreLondon open: Shares drop amid flood of results
5th Aug 2010 08:20
London's blue chips are slightly lower as investors consider a mixed bag of corporate results on what is set to be one of the busiest days of the year. Cobham is leading the fallers, down more than 6%, after the defence and aerospace products group saw pre-tax profits fall in the half year to June
Read moreM&C profits rise as recovery continues
5th Aug 2010 08:09
Hotel group Millennium & Copthorne saw profits soar in the second quarter as the sector - one of the worst hit during financial crisis - continued its recovery. Pre-tax profits in the three months to June 30 rose to £31.6m from £19.5m the previous year as revenues rose to £190m from £158.5m. RevPAR
Read moreMARKET TALK: Morgan Stanley Ups Millennium & Copthorne
23rd Jul 2010 07:26
0626 GMT [Dow Jones] Morgan Stanley raises Millennium & Copthorne (MLC.LN) to equalweight from underweight and target to 480p from 440p. Brokerage makes the call ahead of the company's 2Q results due August 5, as it believes recent weaker share price performance fails to reflect that trading in key
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 07:26
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0626 GMT [Dow Jones] Morgan Stanley raises Millennium & Copthorne (MLC.LN) to equalweight from underweight and target to 480p
Read moreMARKET TALK: CityDev Upside Limited Despite S$250M Asset Sale
13th Jul 2010 00:45
2345 GMT [Dow Jones] CityDev's (C09.SG) S$250 million sale of its entire retail holding and its office units at Singapore's Chinatown Point will help shore up balance sheet, but any upside to share price may be minimal as developer hasn't disclosed how it plans to use proceeds, only saying move is o
Read moreMARKET TALK: CityDev +0.6%; New Project May Offer Catalyst -KE
23rd Jun 2010 08:44
0744 GMT [Dow Jones] CityDev (C09.SG) +0.6% at S$10.96, bucking decline by most other Singapore developers (FTSE ST Real Estate Holding & Development Index off 0.3%). Hopes of good take-up for company's upcoming Singapore residential development, The Concorde @ Thomson, supportive. CityDev said in M
Read moreMARKET TALK: CIMB Cuts CityDev To Underperform From Neutral
23rd Jun 2010 03:50
0250 GMT [Dow Jones] STOCK CALL: CIMB downgrades CityDev (C09.SG) to Underperform from Neutral, cuts target price to S$11.08 from S$11.46 after marking to market developer's stake in Millennium & Copthorne Hotels (MLC.LN). Says while M&C's valuations not demanding at 0.7X P/B, investors likely unwil
Read moreMillennium & Copthorne Considers Selling Tanglin Shopping Center Stake
17th Jun 2010 01:15
SINGAPORE (Dow Jones)--Millennium & Copthorne Hotels PLC (MLC.LN), a unit of City Developments Ltd. (C09.SG), said it has signed a collective sales agreement for its strata-titled interest in Tanglin Shopping Center in Singapore. Millennium & Copthorne Hotels said in a statement issued Wednesday
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