Millennium & Copthorne Hotels Share News (MLC)

UK MIDDAY BRIEFING: Barclays Up Despite Confirming Profit Fall

LONDON (Alliance News) - Barclays shares are higher Monday despite the bank confirming that its 2013 pretax profit excluding provisions will drop by over GBP2 billion and as it launched a probe into allegations that details of tens of thousands of its account holders have been

Millennium & Copthorne Hotels Buys Novotel New York Times Square

LONDON (Alliance News) - Millennium & Copthorne Hotels PLC Monday said it has agreed to acquire the Novotel New York Times Square, a 34 storey mixed-use building from 226 West Fifty-Second Street, for USD273.6 million. 226 West Fifty-Second Street LLC is a partnership led by a fund affiliat

Millennium & Copthorne buys Novotel in New York

Hotel group Millennium & Copthorne (M&C) is buying the Novotel Times Square hotel in New York for about 167m pounds. M&C is acquiring the freehold interest in the 34-storey building from 226 West Fifty-Second Street, LLC, a partnership led by a fund linked to Apollo Global Management, and Chartres

Monday broker round-up UPDATE

Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin

London close: Stocks settle higher ahead of Christmas

- British Land rallies on Broadgate joint venture - Tullow Oil pulls plug on North Sea well - UK mortgage borrowing rises in November Market Movers techMARK 2,768.95 +0.26% FTSE 100 6,694.17 +0.23% FTSE 250 15,783.04 +0.26% London's leading shares closed higher in Tuesday's shortened trading sessi

London midday: Stocks nudge higher in pre-Christmas trading

- UK mortgage borrowing rises in November - Millennium & Copthorne Hotels eyes Chelsea hotel acquisition - Tullow Oil pulls plug on North Sea well Market Movers techMARK 2,771.80 +0.36% FTSE 100 6,706.26 +0.41% FTSE 250 15,786.34 +0.28% London's leading shares remained in positive territory in lig

Millennium Copthorne poised to buy Chelsea hotel

Millennium & Copthorne Hotels said it will extend its global hotel portfolio with the acquisition of a new property in the Chelsea district of London for 65m pounds. The hotel is a luxury property that borders the River Thames and offers 154 suites and 4 penthouses. The primary lease to be acquired

FTSE 250 movers: Serco rallies on UK government deal

Serco gained after the support services group reached a 68.5m-pound deal with the UK government over its troubled electronic tagging contract. Serco, which has faced a probe into allegations of over-charging for tagging criminals, has agreed a full and final settlement with the Ministry of Justice

UK BROKER RATING CHANGES: Jefferies Raises Easyjet To Buy

Monday broker round-up UPDATE

African Barrick Gold: Goldman Sachs ups target price from 110p to 140p, but still recommends selling. Alternative Asset Opps: Westhouse Securities initiates with a buy recommendation. Amino Technology: Northland Capital cuts target price from 110p to 100p and downgrades from buy to hold. Asian Pl

UK WINNERS & LOSERS: Moneysupermarket Buoyed By Energy Price Hikes, Airlines Fly

Millennium & Copthorne Hotels Quarterly Profit Boosted By Venture Share