Dalata shares surge 8% as it eyes UK expansion

Shares in Dalata Hotel Group have risen almost 8% as it reports an 80% rise in half-year, pre-tax profits of almost €33m.

Dalata said it was eyeing more expansion in the UK’s major cities as its six-month revenues to the end of June increased by more than 24% to €161.8m.

Earnings before interest, taxes, depreciation and amortisation amounted to just under €45m, an increase of 27%.