6 May 2016 15:00
Tue, 08th Mar 2016 14:42
(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 more(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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