19 Feb 2016 08:34
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Millennium & Copthorne Hotels Information
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Don't have an account? Click here to register.Millennium & Copthorne remains upbeat about prospects for 2015
Tue, 10th Feb 2015 15:33
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 fell to £229m from £478m, but the group said fourth quarter figures for 2013 had been boosted by the sale of of the Glyndebourne development in Singapore."Our hotel trading results were positive, despite revenue and profit being adversely affected by the strength of the pound sterling, especially during the earlier part of the financial year," said group chairman Kwek Leng Beng.The company said it recommended a final ordinary dividend of 11.51p per share, giving a total ordinary dividend for the year of 13.59p per share.Millennium & Copthorne shares were down 0.96% to 568.50p at 15:49 on Tuesday.
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19 Feb 2016 07:37
Millennium & Copthorne profit hit by external factors
(ShareCast News) - Millennium & Copthorne Hotels posted an 86% drop in fourth quarter pre-tax profit despite a slight gain in revenue. Pre-tax profit declined to £11m from £80m in the fourth quarter of 2014, although revenue nudged up 1.3% to £232m. Revenue per available room (RevPAR), which is a ke
Read more12 Feb 2016 16:01
12 Feb 2016 07:45
Millennium & Copthorne says impairment charges will dent 2015 profit
(ShareCast News) - Millennium & Copthorne Hotels, which is due to release its full year results next Friday, expects to recognise a net charge of around £43m against pre-tax profits for 2015. It said the net charge includes £76m of impairment losses relating primarily to four of its properties in th
Read more25 Jan 2016 16:04
Hilton launches budget hotel brand
(ShareCast News) - After hotels giant Hilton launched a new brand aimed at budget travellers, shares in UK hotel companies were sent lower on Monday on fears of increased competition. Hotel said its new Tru brand will "fill a massive void" in the hotel market, arguing that the offering of rival budg
Read more29 Oct 2015 14:03
FTSE 250 movers: Playtech surges on update; Millennium slumps as results disappoint
(ShareCast News) - London's FTSE 250 index was down 0.3% to 17,098.97 at 1505 GMT as investors digested a hawkish policy statement from the Federal Reserve and mixed US data releases. Playtech was a high riser after the gambling and software services supplier reported strong trading in both of its d
Read more29 Oct 2015 10:32
29 Oct 2015 08:29
Millennium & Copthorne under pressure in Asia
(ShareCast News) - Millennium & Copthorne Hotels posted lower revenue and profit in the third quarter due to weaker performance in Singapore and Rest of Asia. With revenue per available room (revpar) down 0.1% in the quarter to £77.66, group revenues for the quarter were down 2.8% to £211m, meaning
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