|Bid||430.00 x 24100|
|Ask||611.00 x 39200|
|Day's range||568.44 - 575.00|
|52-week range||410.00 - 579.00|
|PE ratio (TTM)||20.91|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
(This October 9 story corrects to remove reference to Magellan Asset Management short position on Tesco. Magellan has a 3.41 percent stake in Tesco) By Helen Reid LONDON (Reuters) - Britain's major share ...
* CDL held 65.2 pct stake in M&C as of Oct (Shenzhen: 000069.SZ - news) . Oct 9 (Reuters) - Singapore's City Developments (CDL) has made an offer to buy the remaining shares of Millennium & Copthorne Hotels (LSE: MLC.L - news) (M&C) it does not own, in a deal that values the hotels group at about 1.8 billion pounds ($2.4 bln).
Under the offer, M&C shareholders would receive 552.5 pence in cash for each share, a premium of about 21.4 percent to M&C's closing share price on Friday. M&C's shares were up 21 percent at 548.5 pence in early trading on the London Stock Exchange on Monday. The move would bring the operator of the Millennium, Grand Millennium, Copthorne and Kingsgate hotels back into the fold of Singaporean billionaire Kwek Leng Beng's property empire.
Millennium & Copthorne Hotels Plc reported a 12.5 percent rise in first-half profit, helped by stronger demand at its hotels in London and Singapore and sterling's weakness. The operator of the Millennium, ...
The head of Whitbread Plc, the owner of Premier Inn hotels and the Costa Coffee chain, said the company would stick to its plans to expand in the London hotels market despite reporting a slowdown there. The FTSE 100 company posted an 8.6 percent rise in sales for the three months to the start of December as underlying business at its Costa Coffee chain strengthened but weakness at Premier Inn weighed, sending its shares as much as 6 percent lower.
Millennium & Copthorne Hotels (LSE: MLC.L - news) reported a 28 percent rise in third-quarter profits on Wednesday, boosted by the slump in sterling after Britain voted to leave the European Union which had also attracted more tourists to its London hotels. M&C said the pound's slide had made London more attractive over the summer, especially for Middle East tourists keen to escape during the hottest months in their countries, although the company also cautioned that the uncertain outlook for the UK economy might also cause a drop in business travellers visiting London this winter. "London was up because it was the summer months and people came because it was affordable ... but we're looking at the corporate sector from October onwards and that's down," Angela Ong, senior vice president for finance, told Reuters.
Millennium & Copthorne Hotels Plc said that more tourists visited its London hotels thanks to the sharp decline in sterling since Britain voted to leave the European Union, but it added that the outlook ...