MLC.L - Millennium & Copthorne Hotels plc

LSE - LSE Delayed price. Currency in GBp
547.00
+2.00 (+0.37%)
At close: 4:35PM BST
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Previous close545.00
Open541.00
Bid0.00 x 24100
Ask570.00 x 39200
Day's range541.00 - 554.00
52-week range425.20 - 630.00
Volume24,219
Avg. volume77,194
Market cap1.776B
Beta1.09
PE ratio (TTM)14.36
EPS (TTM)38.10
Earnings date3 Aug 2018
Forward dividend & yield0.07 (1.19%)
Ex-dividend date2018-03-15
1y target est531.67
  • Reuters22 days ago

    M&C Hotels directors hit by revolt by minority shareholders

    Millennium & Copthorne Hotels (MLC.L) faced an investor revolt over the re-election of some board directors on Friday, following a shareholder rebellion against a takeover bid earlier this year. The FTSE 250-listed hotelier, majority-owned by Singaporean billionaire Kwek Leng Beng, said minority investors had cast a "significant number of votes" against the reappointment of its independent non-executive directors at its annual meeting. It comes after Kwek's failure in January to acquire the 34.8 percent of M&C he does not already own.

  • Reuters - UK Focus22 days ago

    M&C Hotels directors hit by revolt by minority shareholders

    Millennium & Copthorne Hotels (LSE: MLC.L - news) faced an investor revolt over the re-election of some board directors on Friday, following a shareholder rebellion against a takeover bid earlier this year. The FTSE 250-listed hotelier, majority-owned by Singaporean billionaire Kwek Leng Beng, said minority investors had cast a "significant number of votes" against the reappointment of its independent non-executive directors at its annual meeting. It comes after Kwek's failure in January to acquire the 34.8 percent of M&C he does not already own.

  • Reuters23 days ago

    British hotelier Millennium & Copthorne first-quarter rooms revenue falls

    (Reuters) - Britain's Millennium & Copthorne Hotels (M&C) (MLC.L) said group revenue per room for the first quarter fell 3.1 percent, blaming weakness in the hotel markets in London and Europe. UK room ...

  • Reuters2 months ago

    Britain's M&C Hotels picks industry veteran Jennifer Fox as new CEO

    Fox's appointment is effective from June 19, the operator of the Millennium, Grand Millennium, Copthorne and Kingsgate hotels said. Tan Kian Seng, who has served as M&C's interim CEO since Lee's departure, will remain with the company as chief of staff.

  • This U.K. Hotelier Is Caught Between Brexit and Kim Jong-Un
    Bloomberg4 months ago

    This U.K. Hotelier Is Caught Between Brexit and Kim Jong-Un

    Upmarket accommodation firm Millennium & Copthorne Hotels Plc is stuck between a rock and a hard place: Brexit is driving up staffing costs in its home market while the spat between North Korea and the ...

  • Reuters4 months ago

    Britain's M&C Hotels 2017 revenue rises, but Europe occupancy falls

    Reported revenue per available room (RevPAR), a key metric that measures a hotel's financial health, improved in all regions in the fourth quarter, the company said, except in Europe, where it fell 2.9 percent due to a drop in occupancy. "Concerns about Brexit have affected our UK hotels especially in London, where there were already pressures on labour costs from a recent minimum wage increase," the company said. RevPAR rose to 82.78 pounds for the year ended Dec. 31, from 76.71 pounds a year earlier, said the operator of the Millennium, Grand Millennium, Copthorne and Kingsgate hotels.

  • Reuters - UK Focus4 months ago

    BUZZ-M&C Hotels: down after billionaire Kwek fails to acquire co

    ** Hotel operator's shares -2.6 pct; 2nd top pct loser on FTSE Midcap Index ** Shares of MLC closed down 4.7 pct on Friday after Singaporean billionaire Kwek failed in attempt to acquire M&C Hotels ** ...

  • Reuters4 months ago

    Singaporean billionaire Kwek fails in attempt to acquire M&C Hotels

    An attempt by Singaporean billionaire Kwek Leng Beng to take full control of Millennium & Copthorne Hotels (M&C) (MLC.L) in a deal valuing the business at 2 billion pounds collapsed after minority shareholders blocked the acquisition. Kwek's firm City Developments Limited (CDL), already M&C's majority investor, secured acceptances from only 47.14 percent of the London-listed hotelier's minority shareholders for its 620-pence-a-share offer, CDL said in a statement on Friday.

  • Reuters - UK Focus4 months ago

    Singaporean billionaire Kwek fails in attempt to acquire M&C Hotels

    An attempt by Singaporean billionaire Kwek Leng Beng to take full control of Millennium & Copthorne Hotels (M&C) in a deal valuing the business at 2 billion pounds collapsed after minority shareholders blocked the acquisition. Kwek's firm City Developments Limited (SES: C09.SI - news) (CDL), already M&C's majority investor, secured acceptances from only 47.14 percent of the London-listed hotelier's minority shareholders for its 620-pence-a-share offer, CDL said in a statement on Friday.

  • Reuters4 months ago

    Singapore's CDL will not extend M&C offer beyond January 26

    By Ben Martin LONDON (Reuters) - City Developments Limited (CDL) said on Tuesday that it would not extend the offer period for its bid for Millennium & Copthorne Hotels (M&C) (MLC.L) beyond 1300 GMT on ...

  • Reuters - UK Focus4 months ago

    Singapore's CDL will not extend M&C offer beyond Jan. 26

    City Developments Limited said on Tuesday that it would not extend the offer period for its bid for Millennium & Copthorne Hotels beyond 1300 GMT on Jan. 26. The Singaporean company is M&C's majority shareholder ...

  • Reuters4 months ago

    CDL hires Georgeson to woo investors in M&C Hotels bid - sources

    The Singaporean billionaire trying to buy Millennium & Copthorne Hotels (MLC.L)(M&C) has hired advisory firm Georgeson to help to drum up investor support for the deal in the face of shareholder opposition that could derail the bid. City Developments Limited (CDL), the vehicle of businessman Kwek Leng Beng, has offered 620 pence per share to acquire the 34.8 percent of M&C that it does not already own in a bid that values the London-listed hotelier at 2 billion pounds.

  • Reuters - UK Focus4 months ago

    CDL hires Georgeson to woo investors in M&C Hotels bid -sources

    The Singaporean billionaire trying to buy Millennium & Copthorne Hotels (LSE: MLC.L - news) (M&C) has hired advisory firm Georgeson to help to drum up investor support for the deal in the face of shareholder opposition that could derail the bid. City Developments Limited (SES: C09.SI - news) (CDL), the vehicle of businessman Kwek Leng Beng, has offered 620 pence per share to acquire the 34.8 percent of M&C that it does not already own in a bid that values the London-listed hotelier at 2 billion pounds ($2.74 billion).

  • Reuters5 months ago

    Singaporean billionaire defends bid for M&C Hotels in face of investor opposition

    Kwek Leng Beng, the Singaporean billionaire attempting to take over Millennium & Copthorne Hotels (MLC.L), defended his bid on Monday after a group of investors argued it was too low and sought to block the deal. The chairman of City Developments Limited (CDL), which has offered to buy out minority investors in the FTSE 250 hotelier for 620 pence a share, urged M&C shareholders in a letter "to consider the very material premium and value" of its bid. Three minority investors in the hotel chain last week rejected CDL's offer for the 34.8 percent of M&C it does not already own.

  • Reuters - UK Focus5 months ago

    Singaporean billionaire defends bid for M&C Hotels in face of investor opposition

    LONDON, Dec (Shanghai: 600875.SS - news) 18 (Reuters) - Kwek Leng Beng, the Singaporean billionaire attempting to take over Millennium & Copthorne Hotels, defended his bid on Monday after a group of investors argued it was too low and sought to block the deal. The chairman of City Developments Limited (SES: C09.SI - news) (CDL), which has offered to buy out minority investors in the FTSE 250 hotelier for 620 pence a share, urged M&C shareholders in a letter "to consider the very material premium and value" of its bid. Three minority investors in the hotel chain last week rejected CDL's offer for the 34.8 percent of M&C it does not already own.

  • Reuters5 months ago

    CDL urges M&C investors to consider 'material premium' of takeover bid

    By Ben Martin LONDON (Reuters) - City Developments Limited, which wants to buy-out minority shareholders in Britain's Millennium & Copthorne Hotels (MLC.L), urged investors to consider the "very material ...

  • Reuters - UK Focus5 months ago

    CDL urges M&C investors to consider "material premium" of takeover bid

    City Developments Limited, which wants to buy-out minority shareholders in Britain's Millennium & Copthorne Hotels, urged investors to consider the "very material premium" of its bid after a ...

  • Reuters5 months ago

    Minority investors in M&C Hotels seek to block takeover by CDL

    A group of minority investors in Millennium & Copthorne Hotels has rejected a takeover offer from the company's majority shareholder and called on other investors to follow suit to defeat the bid, which values the business at 2 billion pounds. International Value Advisers, MSD Partners, and Classic Fund Management on Thursday said they would not tender their shares into the "highly opportunistic" 620 pence a share offer made by City Developments Limited on Dec. 8 for the 34.8 percent of M&C that it does not own. The three investment firms said they represented about 37 percent of the shares targeted in CDL's bid.

  • Reuters - UK Focus5 months ago

    Minority investors in M&C Hotels seek to block takeover by CDL

    LONDON, Dec (Shanghai: 600875.SS - news) 14 (Reuters) - A group of minority investors in Millennium & Copthorne Hotels (LSE: MLC.L - news) has rejected a takeover offer from the company's majority shareholder and called on other investors to follow suit to defeat the bid, which values the business at 2 billion pounds ($2.7 billion). The three investment firms said they represented about 37 percent of the shares targeted in CDL's bid. The offer by CDL, the vehicle of Singaporean billionaire Kwek Leng Beng, is conditional on it securing acceptances from investors with more than 50 percent of the stock not already held by Kwek.

  • Reuters6 months ago

    M&C Hotels agrees to sweetened bid from CDL valuing it at two billion pounds

    Millennium & Copthorne Hotels (MLC.L) has agreed to a sweetened takeover offer from its majority shareholder that values the London-listed company at about 2 billion pounds ($2.67 billion) after an earlier bid was heavily criticised by minority investors. City Developments Limited (CDL), a vehicle of Singaporean billionaire Kwek Leng Beng, who is also chairman of M&C, has offered 620 pence per share in cash to acquire the 34.8 percent of the FTSE 250 hotelier that it does not already own, the companies said in a statement on Friday. The offer, which was declared final, has been recommended by M&C's independent directors.

  • Reuters - UK Focus6 months ago

    M&C Hotels agrees to sweetened bid from CDL valuing it at 2 bln pounds

    LONDON, Dec (Shanghai: 600875.SS - news) 8 (Reuters) - Millennium & Copthorne Hotels (LSE: MLC.L - news) has agreed to a sweetened takeover offer from its majority shareholder that values the London-listed company at about 2 billion pounds ($2.67 billion) after an earlier bid was heavily criticised by minority investors. City Developments Limited (SES: C09.SI - news) (CDL), a vehicle of Singaporean billionaire Kwek Leng Beng, who is also chairman of M&C, has offered 620 pence per share in cash to acquire the 34.8 percent of the FTSE 250 hotelier that it does not already own, the companies said in a statement on Friday. The offer, which was declared final, has been recommended by M&C's independent directors.

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