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]. [4 Nov '11]
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. [3 Nov '11]
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 - and the affordable valuation of around 11 times forward earnings for next year - mean that we would not sell. But the market jitters - so obvious in the recent movement of its share price - mean that we would wait before checking in. Hold, says the Independent. [15 Sep '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. [2 Aug '11]
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. [8 Jul '11]
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 the pinch - we've already seen some go under - Capita looks like it will be a survivor. And yesterday's win is a demonstration of strength. Buy, recommends the Independent. [29 Jun '11]
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