Latest Share Chat

Millennium & Copthorne Shares Cease Trading On London Market

Fri, 11th Oct 2019 09:15

(Alliance News) - Millennium & Copthorne Hotels PLC left the London Stock Exchange on Friday following its takeover by City Developments Ltd.

The two agreed in June a 685 pence per share bid for the 44% of M&C that City Developments did not already own. The deal valued the entire hotel chain at GBP2.23 billion.

In August, M&C reported a 29% drop in pretax profit for the first half of 2019, as revenue slipped 1.0% to GBP472 million, mainly due to refurbishments at two hotels.

By George Collard; georgecollard@alliancenews.com

Related Shares

More News

1 May 2024 18:14

IN BRIEF: Malin Corp investee signs agreement with Astellas Pharma

Malin Corp PLC - Dublin-based investor in life sciences companies - Investee company Poseida Therapeutics Inc enters into a research collaboration and...

21 Mar 2024 14:59

UK shareholder meetings calendar - next 7 days

28 Feb 2024 17:31

EARNINGS: Hutchmed revenue surges, Craven House's loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

26 Jan 2024 14:30

TRADING UPDATES: Puma and Puma Alpha invest in Not Another Beer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

27 Oct 2023 15:17

IN BRIEF: Malin confirms new executive director joins board

Malin Corp PLC - Dublin-based investor in life sciences companies - Confirms that Fiona Dunlevy joins the board as an executive director. Outgoing Chi...