• Shire reports nascent recovery

Daniel Thwaites reported that its Shire Hotels division, which is focused on the UK provincial market, was "showing some signs of recovery".

The company said that it was cautious for the outlook for consumer spending, but was currently trading ahead of Q1 2009. The group sold the Stafford Hotel in London for £77.5m last year, in one of 2009’s largest single-asset deals in the UK.

See the full AGM presentation here: http://www.danielthwaitesplc.com/Results/

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