STOCK WATCH

BUDGET chain Easyhotel closed higher after revealing plans to open an £8.7m hotel in Milton Keynes.

Boss Guy Parsons said the acquisition of the 124-bedroom building is part of its strategy to offer affordable tourist and business accommodation in key locations.

He said: ‘Milton Keynes is home to many international businesses and boasts an impressive range of shopping and leisure facilities.’

Shares crept up 0.9pc, or 1p, to 109p.