13 May 2015 15:24
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Millennium & Copthorne Hotels Information
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Don't have an account? Click here to register.Millennium & Copthorne Hotels acquires a further 30% of Quantum
Fri, 28th Nov 2014 14:47
Millennium & Copthorne Hotels settled an acquisition on Friday for the remaining 30% stake in overseas investment office Quantum.The hotel firm has paid a consideration of $14.25m for the additional interest in Quantum.Quantum is the principal operating subsidiary of Millennium & Copthorne Hotels New Zealand (MCK) and owns or leases seven hotels including Millennium Hotel Queenstown, Copthorne Hotel Rotorua and Kingsgate Hotel Dunedin.UK-listed Millennium & Copthorne Hotels has a controlling interest in MCK, which is listed on the New Zealand Stock Exchange.By 14:50 in London, the stock was up 1.3% at 582p.
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7 May 2015 15:26
FTSE 250 movers: Telecity jumps 20% on £2.3bn Equinix offer
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 more7 May 2015 10:26
7 May 2015 09:36
Millenium & Copthorne profits suffer from New York labour negotiations
First-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
Read more7 May 2015 07:53
BUZZ-M&C Hotels: Falls as Q1 disappoints
** Millennium & Copthorne Hotels falls as much as 4 pct, one of the top percentage losers on the FTSE 250 ** Q1 pretax profit down 5 pct, hurt by labour cost pressures in New York and labour shortages in Singapore ** RevPAR growth of 2.6 pct on a constant currency basis which is slowe
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