Six Continents (UK:SXC) shares gained 2.5 percent on hope that the struggling hotel and drinks operator may be purchased.
Six Continent said in hotels, profits for the three months to Dec. 31 were "substantially lower" because of cost increases and the loss of earnings from renovated hotels in renovation. On the retail side, comparable sales fell by 3.9 percent for the quarter ending Jan. 18. It is faring better in residential areas outside London, from which it derives around 60 percent of its business. Britvik, the soft drinks business, improved 7 percent for the quarter ending Jan. 18.
Source CBS Marketwatch
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