10 Feb 2015 07:56
Feb 10 (Reuters) - Millennium & Copthorne Hotels Plc said it would not pay a special dividend after posting a 36.3 percent fall in full-year profit. Pretax profit fell to 188 million pounds ($286.5 million) in the year ended Dec. 31 from 295 million pounds a year earlier. Revenue at
Read moreMillennium & Copthorne Hotels settled an acquisition on Friday for the remaining 30% stake in overseas investment office Quantum. The hotel firm has paid a consideration of $14.25m for the additional interest in Quantum. Quantum is the principal operating subsidiary of Millennium & Copthorne Hotels
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