Thistle hits back at reports
Thistle Hotels has denied reports that its banker, the Royal Bank of Scotland, has appointed accountancy firm Ernst & Young to review its business.
The hotel company was responding to claims made in the Sunday Telegraph yesterday.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>
Thistle said it had not held discussions with either the Royal Bank of Scotland or Ernst & Young regarding any review.
The hotelier has suffered in the wake of 11 September and the downturn in the global economy. Shares in the company have fallen by about a third since November 2002.
by Jason Blackwood