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BUZZ-Millennium & Copthorne Hotels nears post-crisis high

Wed, 03rd Sep 2014 17:21

** Huge volumes pushes Millennium & Copthorne Hotels to near post-crisis high.

** Stock is most-traded on FTSE 250 today at overtwenty times the five-day average & was the 4th-highest riser onthe index, up 4.2 percent.

** Shares touched 604.5p in afternoon trading, just shy ofthe post-crisis high of 605.5p set in October 2013, afterstarting the session at 580p.

Chart: http://link.reuters.com/qyv72w

** The hotelier reported "disappointing" H1 operatingprofits of 64.7 million pounds in July, down 10 percent from H12013. [ID: nRSe8085Na]

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

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(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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