6 May 2016 15:00
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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.
More News
5 May 2016 09:52
Millennium & Copthorne profit edges lower amid uncertain outlook
(ShareCast News) - Millennium & Copthorne reported a small drop in first-quarter profit as hotels revenue fell and the company warned of an "uncertain" outlook. In the first quarter to the end of March, pre-tax profit nudged down to £18m from £19m, while revenue per available room fell 2.6% to £60.0
Read more28 Apr 2016 15:00
28 Apr 2016 15:00
10 Mar 2016 16:13
8 Mar 2016 14:42
Tuesday broker round-up
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read more8 Mar 2016 13:11
Berenberg downgrades Millennium & Copthorne after "weak" results
(ShareCast News) - Berenberg downgraded Millennium & Copthorne Hotels to 'sell' from 'hold' and chopped the price target to 340p from 470p following the company's "weak" full year results. The bank said that although hotel revenue was up 2% year-on-year, this was driven by acquisitions and an FX tai
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