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)
Millennium & Copthorn Hotels saw fourth quarter pre-tax profit and revenue fall, but remained confident of delivering strong performances in 2015. The hotel operator reported pre-tax profit of £80m for the three months ended 31 December, down from £179m in the corresponding period of 2013. Revenue
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