• Orient-Express reverses Q2 loss

Orient-Express Hotels reported a 34% increase on the year in revenue to $173.4m (£110.7m), with net earnings from continuing operations of $1.0m, compared with a net loss of $2.5m.

Revenue from hotels was up 15% to $118.1m, with revpar up 12% in local currency for the group, with Europe weakest on 1% growth. President and CEO Paul White said that the group had made "significant progress" in the refinancing of both its European and US assets, most of which have loan maturities in the second half of 2011.

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