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)
(ShareCast News) - Millennium & Copthorne Hotels posted a rise in first-half pre-tax profit, mostly on the back of higher contributions from joint ventures. Profit increased 6.9% to £62m from £58m, on revenue of £404m, up 6.3% from £380m. Revenue per available room was up 4% at £68.28 from £65.67,
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