Millennium & Copthorne Hotels (MLC) has released encouraging third quarter results following increased profit due to higher occupancy and room rates. Revenue rates for the third quarter of 2014 showed a 5.5% increase from the previous year's figure, rising to a total of £215.9m. Profit before tax in
Read moreOct 30 (Reuters) - Millennium & Copthorne Hotels Plc's third-quarter profit rose 6.6 percent as an increase in global business travel drove occupancy and room rates. Pretax profit rose to 50.2 million pounds in the quarter ended Sept. 30 from 47.1 million pounds a year earlier. Reve
Read moreMillennium & Copthorne Hotels (M&C) has completed the €65.5m acquisition of a freehold interest in the five-star hotel trading as the Boscolo Palace Roma. The property, which contains 87 luxury guest rooms, will be operated by M&C as the Grand Hotel Palace. The FTSE 250 group made the purchase thro
Read more** Huge volumes pushes Millennium & Copthorne Hotels to near post-crisis high. ** Stock is most-traded on FTSE 250 today at over twenty times the five-day average & was the 4th-highest riser on the index, up 4.2 percent. ** Shares touched 604.5p in afternoon trading, just shy of the
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