Millennium & Copthorne Hotels Share News (MLC)
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MLCThu, 07th May 2015 07:53
** Millennium & Copthorne Hotels falls as much as 4pct, one of the top percentage losers on the FTSE 250
** Q1 pretax profit down 5 pct, hurt by labour costpressures in New York and labour shortages inSingapore
** RevPAR growth of 2.6 pct on a constant currency basiswhich is slower than expected, Panmure Gordon analysts write ina note (RM:aastha.agnihotri.thomsonreuters.com@reuters.net)
Despite posting some slightly disappointing first-quarter results, datacentres group Telecity was leading the risers on the FTSE 250 after receiving a takeover offer from Equinix at 1,145p per share in cash and equity. This bid, at a 27% premium to the closing price on Wednesday, values Telecity at
Read moreFirst-quarter profits slipped 5% at hotels group Millenium & Copthorne, which argued trading was in line with historically slower trading patterns. Revenues rose 8% to £189m in the three months to 31 March, with revenue per available room up 5.8% to £61.60 on the same period last year. Chairman Kwe
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