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London midday: Stocks nudge higher in pre-Christmas trading

Tue, 24th Dec 2013 11:26

- UK mortgage borrowing rises in November- Millennium & Copthorne Hotels eyes Chelsea hotel acquisition- Tullow Oil pulls plug on North Sea wellMarket MoverstechMARK 2,771.80 +0.36%FTSE 100 6,706.26 +0.41%FTSE 250 15,786.34 +0.28%London's leading shares remained in positive territory in lighter than normal trading, with financials and retail related stocks capturing modest gains ahead of Christmas break. London's stock market will close at 12:30 local time and will remain closed for the following two days.In UK economic news, net secured mortgage borrowing increased by £0.3bn in November to £781.6bn, the latest figures from the British Bankers' Association (BBA) showed. Later on Tuesday, US orders for durable goods is expected to show an increase of 2% for the month of November.Millennium & Copthorne Hotels, Tullow OilIn company news, Millennium & Copthorne Hotels said it will extend its global hotel portfolio with the acquisition of a new property in the Chelsea district of London for £65m.Elsewhere independent oil and gas exploration and production group Tullow Oil confirmed its exploration well on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals are water wet. Drilling at the well in the North Sea has been terminated and will now be logged before being plugged and abandoned.British Land and real estate investor GIC confirmed they have signed a joint venture agreement to develop Broadgate, a key office complex in London."This partnership provides us with the ideal platform to deliver the long-term vision for Broadgate... from what is one of Central London's premier office locations," said British Land Chief Executive Officer Chris Grigg.Meanwhile BSkyB confirmed is has made a $350,000 equity investment in Jaunt, a technology company based in Palo Alto, California which specialises in video capture and display. The Serious Fraud Office confirmed that it has launched a formal investigation into allegations of bribery and corruption at engine maker Rolls-Royce that could lead to criminal prosecutions.FTSE 100 - RisersBritish Sky Broadcasting Group (BSY) 830.00p +2.15%International Consolidated Airlines Group SA (CDI) (IAG) 402.10p +1.85%Reckitt Benckiser Group (RB.) 4,822.00p +1.71%Sports Direct International (SPD) 728.50p +1.53%Reed Elsevier (REL) 897.50p +1.47%Persimmon (PSN) 1,219.00p +1.41%Admiral Group (ADM) 1,303.00p +1.24%Anglo American (AAL) 1,280.50p +1.23%British Land Co (BLND) 630.50p +1.20%Rexam (REX) 520.00p +1.17%FTSE 100 - FallersARM Holdings (ARM) 1,095.00p -1.35%Aviva (AV.) 441.00p -1.08%Tullow Oil (TLW) 839.00p -1.06%Hargreaves Lansdown (HL.) 1,313.00p -0.98%Glencore Xstrata (GLEN) 307.25p -0.90%CRH (CRH) 1,507.00p -0.86%Carnival (CCL) 2,452.00p -0.49%Next (NXT) 5,420.00p -0.46%Travis Perkins (TPK) 1,808.00p -0.28%Legal & General Group (LGEN) 220.80p -0.27%FTSE 250 - RisersJD Sports Fashion (JD.) 1,436.00p +6.85%Evraz (EVR) 104.40p +4.19%Partnership Assurance Group (PA.) 305.00p +4.10%Phoenix Group Holdings (DI) (PHNX) 726.50p +3.79%African Barrick Gold (ABG) 175.50p +3.66%Homeserve (HSV) 273.10p +2.79%Polymetal International (POLY) 525.50p +2.74%ITE Group (ITE) 310.00p +2.72%Fidessa Group (FDSA) 2,295.00p +2.32%Premier Farnell (PFL) 222.30p +2.25%FTSE 250 - FallersDomino Printing Sciences (DNO) 756.00p -2.45%Investec (INVP) 427.60p -2.24%Wetherspoon (J.D.) (JDW) 740.00p -1.79%IP Group (IPO) 163.50p -1.51%IG Group Holdings (IGG) 608.00p -1.38%Hellermanntyton Group (HTY) 295.90p -1.37%Diploma (DPLM) 700.00p -1.34%Close Brothers Group (CBG) 1,353.00p -1.31%Computacenter (CCC) 634.50p -1.01%Hansteen Holdings (HSTN) 107.40p -1.01%FTSE TechMARK - RisersWolfson Microelectronics (WLF) 148.00p +6.09%Triad Group (TRD) 8.00p +3.23%SDL (SDL) 355.75p +3.12%Kofax Limited (DI) (KFX) 427.75p +2.76%Optos (OPTS) 202.00p +1.51%Vislink (VLK) 45.25p +1.40%Anite (AIE) 100.75p +1.26%Vectura Group (VEC) 139.00p +0.72%Ricardo (RCDO) 670.50p +0.22%Oxford Biomedica (OXB) 2.37p +0.21%FTSE TechMARK - FallersSkyepharma (SKP) 113.25p -4.03%Consort Medical (CSRT) 954.00p -1.14%Innovation Group (TIG) 34.50p -0.72%Dialight (DIA) 837.50p -0.71%NCC Group (NCC) 185.25p -0.40%IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 177.79 -0.08%CJ
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Millennium & Copthorne to take a hit from London Mayfair hotel closure

(Sharecast News) - Millennium & Copthorne Hotels announced on Thursday that, as part of its commitment to increase investment in its assets as it announced in its preliminary results for the period ended 31 December, a decision has been made to close the Millennium Hotel London Mayfair entirely during the remainder of its refurbishment programme.

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12 Mar 2018 10:22

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17 Feb 2017 07:12

Weak sterling helps Millennium & Copthorne weather tough year

(ShareCast News) - International accommodation operator Millennium & Copthorne posted its final results for the 2016 calendar year on Friday, with group revenue per available room (RevPAR) increasing 6.6% to £76.71. The FTSE 250 firm said that in constant currency, however, RevPAR fell by 2.3%, and

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10 Feb 2017 16:11

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26 Jan 2017 12:42

UPDATE 2-Whitbread to stick to London hotel growth plan despite slowdown

* Whitbread to press on with Premier Inn London expansion * Costa Coffee sales prove bright spot (Adds CEO quote, details) By Rahul B Jan 26 (Reuters) - The head of Whitbread Plc, the owner of Premier Inn hotels and the Costa Coffee chain, said the company would stick to its p

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7 Nov 2016 09:29

BROKER RATINGS SUMMARY: JPMorgan Raises Price Targets For Miners

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2 Nov 2016 12:50

UPDATE 1-Millennium & Copthorne's London hotels get a boost from pound's fall

(Adds company comments, details, background) By Esha Vaish Nov 2 (Reuters) - Millennium & Copthorne Hotels 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

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2 Nov 2016 07:56

Millennium & Copthorne profit boosted by weaker pound

(ShareCast News) - Millennium & Copthorne reported a rise in profit in the third quarter as it benefited from a weaker sterling in the aftermath of the UK's vote to leave the European Union. In the quarter to the end of September, pre-tax profit was up 27.8% to £46m, on revenue of £247m, up 17.1%. F

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2 Nov 2016 07:35

Brexit-induced pound slide attracts tourists to M&C's London hotels

Nov 2 (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 for the UK economy remained uncertain. The operator of the Millennium

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23 Sep 2016 15:06

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3 Aug 2016 11:56

UPDATE 1-M&C Hotels hit by European security fears

(Adds CEO comments, details) By Esha Vaish Aug 3 (Reuters) - Millennium & Copthorne Hotels Plc said Islamist attacks in continental Europe and Britain's vote to leave the European Union had added to its problems after a disappointing performance in the first half of the year. T

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3 Aug 2016 07:33

Millennium & Copthorne posts 'disappointing' first half

(ShareCast News) - Millennium & Copthorne Hotels posted its half-year report for the six months to 30 June on Wednesday, with Group revenue per available room (RevPAR) in constant currency falling by 4.2% to £67.91, compared to £70.88 in the same period last year. The FTSE 250 firm put the drop down

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1 Jul 2016 10:11

Millennium & Copthorne Appoints JPMorgan's Kok-Kee Chong As CFO

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