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Millennium & Copthorne Hotels PLC (MLC.L)

MLC.L on London Stock Exchange

441.50GBp
24 Mar 2017
Change (% chg)

1.00 (+0.23%)
Prev Close
440.50
Open
452.00
Day's High
452.00
Day's Low
441.00
Volume
37,110
Avg. Vol
63,218
52-wk High
484.40
52-wk Low
363.80

Latest Key Developments (Source: Significant Developments)

Millennium & Copthorne reports lower FY pretax profit of 108 mln stg
Friday, 17 Feb 2017 02:00am EST 

Millennium & Copthorne Hotels Plc : Final results . Group REVPAR for 2016 increased by 6.6 pct to 76.71 stg (2015: 71.98 stg). . In constant currency, REVPAR fell by 2.3 pct. For Q4 of 2016, REVPAR in constant currency fell marginally. . Total revenue in reported currency for 2016 grew by 79 mln stg or 9.3 pct to 926 mln stg (2015: 847 mln stg). In constant currency, revenue was flat . Hotel revenue in constant currency declined by 2.3 to 814 mln stg in 2016 as a result of lower contributions from group's hotels in New York and Singapore. . Reported profit before tax for year decreased slightly by 0.9 pct to 108 mln stg (2015: 109 mln stg). . Recommends a final ordinary dividend of 5.66p per share, giving a total ordinary dividend for year of 7.74p per share. . In London, leisure business in q1 was impacted by Nov 2015 Paris terror attacks and in H2 trading was affected by reduced corporate business .Is taking steps to increase revenue and profit across estate, particularly in New York and Singapore..  Full Article

Millennium & Copthorne says Nicholas George to step down on May 5
Friday, 17 Feb 2017 02:00am EST 

Millennium & Copthorne Hotels Plc : Additional board changes . Retirement of Nicholas George . Nicholas George has decided to retire from board with effect as of May 5 2017 .Whilst search for a permanent CEO continues, Tan Kian Seng, will assume position of interim group CEO of company on March 1 2017.  Full Article

Millennium & Copthorne CEO Lee to retire
Wednesday, 24 Aug 2016 12:22pm EDT 

Millennium & Copthorne Hotels Plc : Aloysius Lee, director and group chief executive officer, has notified board of his impending retirement . Aloysius Lee has requested that his retirement take effect as of Jan. 31 2017 .board will consider his request at its forthcoming meeting in September.  Full Article

Millennium & Copthorne says UK referendum intensified uncertainty
Wednesday, 3 Aug 2016 02:00am EDT 

Millennium & Copthorne Hotels Plc : H1 revpar (reported currency) at 67.91 stg versus 68.28 stg year earlier . H1 profit before tax 56 mln stg versus 62 mln stg year earlier . Interim dividend 2.08p versus 2.08p year earlier . UK referendum vote to leave EU, together with recent terrorist activity, has further intensified uncertainty over direction of global economy - Chairman .Are adopting a prudent strategy including a review of capital expenditure - Chairman.  Full Article

Millennium & Copthorne says CFO Kok-kee Chong to join on July 1
Friday, 1 Jul 2016 06:00am EDT 

Millennium & Copthorne Hotels Plc : Appointment of group Chief Financial Officer .Confirms appointment of a new Chief Financial Officer, Kok-Kee Chong. Chong will join senior executive management team on July 1 2016.  Full Article

Millennium & Copthorne Hotels PLC recommends final ordinary dividend
Friday, 19 Feb 2016 02:00am EST 

Millennium & Copthorne Hotels PLC:Recommends a final ordinary dividend of 4.34p per share, giving a total ordinary dividend for the year of 6.42p per share.Says the final dividend will be paid on 13 May 2016 to shareholders on the register on 18 March 2016.  Full Article

Millennium & Copthor Hotels PLC declares interim dividend
Thursday, 30 Jul 2015 02:01am EDT 

Millennium & Copthor Hotels PLC:Has declared an interim dividend of 2.08 pence per share.Sasy interim dividend will be paid on Oct. 2 to shareholders on the register at close of business on Aug. 14.Says ex-dividend date of company's shares is Aug. 13.Board will consider full dividend for year following close of FY.  Full Article

More From Around the Web

Hotelier M&C rooms revenue hit as militant attacks, competition bite

Feb 17 Millennium & Copthorne Hotels said on Friday rooms revenue fell in 2016 as militant attacks across Europe hurt tourism, while more rooms in major cities and increased competition from non-traditional services hit business elsewhere.