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Millennium & Copthorne expects difficult year

Millennium & Copthorne expects difficult year

Millennium & Copthorne (MLC) cut its full-year dividend again - this time by more than a third - to 4.23p as chairman Kwek Leng Beng warned 2019 would be challenging for the hotel operator. Tense US and China trade relations, Britain's upcoming departure from the European Union (EU) and rising global wages are all expected to weigh on trading this year.

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