The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMillennium & Copthorne Hotels Share News (MLC)

  • There is currently no data for MLC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Brexit-induced pound slide attracts tourists to M&C's London hotels

Wed, 02nd Nov 2016 07:35

Nov 2 (Reuters) - Millennium & Copthorne Hotels Plc said that more tourists visited its London hotels thanks to thesharp decline in sterling since Britain voted to leave theEuropean Union, but it added that the outlook for the UK economyremained uncertain.

The operator of the Millennium, Grand Millennium, Copthorneand Kingsgate hotels said occupancy for its eight London hotelsgrew 4.8 percent over the third-quarter ended Sept. 30.

However, weak trading in M&C's hotels in other major citiessuch as New York and Singapore weighed on third-quarter revenueper available room (RevPar), a key industry measure, which fell1.7 percent in constant currency.

It had reported comparable RevPar fall of 4.2 percent forthe first half. (Reporting by Esha Vaish in Bengaluru, editing by LouiseHeavens)

More News
6 May 2016 15:00

Dividends Calendar - Week Ahead

Read more
5 May 2016 09:52

Millennium & Copthorne profit edges lower amid uncertain outlook

(ShareCast News) - Millennium & Copthorne reported a small drop in first-quarter profit as hotels revenue fell and the company warned of an "uncertain" outlook. In the first quarter to the end of March, pre-tax profit nudged down to £18m from £19m, while revenue per available room fell 2.6% to £60.0

Read more
5 May 2016 07:01

Millennium & Copthorne Profit Slips On Revenue Fall; Warns On Outlook

Read more
28 Apr 2016 15:00

Earnings, Trading Statements Calendar - Week Ahead

Read more
28 Apr 2016 15:00

AGM, EGM Calendar - Week Ahead

Read more
17 Mar 2016 10:35

WINNERS & LOSERS SUMMARY: Profit Rise Lifts Challenger Bank OneSavings

Read more
17 Mar 2016 09:38

BROKER RATINGS SUMMARY: HSBC Starts Housebuilders With Buy Ratings

Read more
10 Mar 2016 16:13

Dividends Calendar - Week Ahead

Read more
8 Mar 2016 14:42

Tuesday broker round-up

(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit

Read more
8 Mar 2016 13:11

Berenberg downgrades Millennium & Copthorne after "weak" results

(ShareCast News) - Berenberg downgraded Millennium & Copthorne Hotels to 'sell' from 'hold' and chopped the price target to 340p from 470p following the company's "weak" full year results. The bank said that although hotel revenue was up 2% year-on-year, this was driven by acquisitions and an FX tai

Read more
8 Mar 2016 10:44

WINNERS & LOSERS SUMMARY: Worldpay Shares Decline After Maiden Results

Read more
8 Mar 2016 09:38

BROKER RATINGS SUMMARY: Nomura Upgrades Admiral To Buy From Neutral

Read more
8 Mar 2016 08:27

LONDON BRIEFING: Burberry Shares Gain On Mystery Investor

Read more
19 Feb 2016 10:55

UPDATE: Millennium & Copthorne Cuts Dividend In Half As Profit Drops

Read more
19 Feb 2016 10:28

WINNERS & LOSERS SUMMARY: Coca-Cola HBC Defies Foreign Exchange Hit

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.