News
Olympics, Queen to boost CityDev's hotels business
www.reuters.com
[Reuters] particularly in Singapore, London and New York, and if we can address some of the less-performing hotels in a more aggressive way, I think we should do much better," Executive Chairman Kwek Leng Beng told reporters at an earnings briefing.
M&C uncertain on outlook; profit up, payout lifted
www.marketwatch.com
[MarketWatch] - Chairman Kwek Leng Beng said the company remains focused on driving sales and ramping up savings. Further investment across the estate and spending on "opportunities as they arise" will result in higher debt over time, he added.
Guardian: Hotel groups fall after Millennium & Copthorne sounds caution on business ...
[The Guardian (blog)] - Chairman Kwek Leng Beng said: Trading in the current period is positive, although we are noticing more caution among business customers, reflecting anxiety about events affecting the Eurozone. The news sent its shares 21.2p lower to p.
FTSE 250 movers: Lancashire pays another special divi
sharecast.com
[ShareCast] a slow-down in revenue growth, as companies cut back on sanctioning business trips. “We are noticing more caution amongst business customers, reflecting anxiety about events affecting the Eurozone," the company's chairman Kwek Leng Beng acknowledged.
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