Arena galloping towards sale as revenues decline
12th Mar 2012 07:56
Arena Leisure, the race course owner, has seen revenues slump as it targets the end of March for completion of its sale to Aldersgate Investments. Arena owns seven high profile race courses, including Lingfield Park and Doncaster, but has seen its turnover reduced by the fall in the levy on bookmak
Read moreSmall caps round-up: Arena, RedHot Media, Vp...
10th Feb 2012 11:09
Gene-based biopharmaceutical company Oxford Biomedia has announced that its Chief Financial Officer (CFO), Andrew Wood, has stepped down and will be replaced by Tim Watts with immediate effect. Watts has over 30 years' experience in leading multinational businesses and was most recently CFO at Archi
Read moreFriday preview: Bid deadline day for Arena Leisure
17th Nov 2011 15:49
If you go on to the investor relations section of the web site of race track operator Arena Leisure, you will find a list of upcoming horse racing fixtures, but no clue regarding their next trading update. However, a quick phone call to the company elicits the information that the third quarter tra
Read moreLondon close: Gains wiped out
1st Aug 2011 16:57
After a late dive the top share index finished deep firmly in the red, reversing strong gains after some weak economic data from the US. The Institute of Supply Management´s (ISM) purchasing managers´ index for the manufacturing sector fell to 50.9 points in July, from 55.3 the month before. That d
Read moreArena Leisure upbeat despite levy shortfall
1st Aug 2011 12:49
Shares inArena Leisure raced ahead after the racecourse operator lured in more punters in the six months to 30 June, though pre-tax profits were lower due to reduced revenues from levies from bookmakers. Pre-tax profits were down to £1.4m from £2m over the same period the previous year. Excluding l
Read moreArena Leisure hit by levy funding
8th Mar 2011 13:52
Sales at racecourse operator Arena Leisure were slightly lower in 2010 as a reduction in funding from the levy on bookmakers affected prize money, the group said. Revenue for the year to 31 December fell 2% to £64m, from £65.2m, after a £3.8m fall in funding which declined from £21.5m in 2009 to £1
Read moreArena gets Olympic catering gig
10th Feb 2011 08:03
Racecourse operator and caterer Arena Leisure has won the contract to provide catering services at equestrian and other events at next year's London Olympics. Arena, whose racecourses include Doncaster and Royal Windsor, says the contract, which involves providing catering at equestrian and pentath
Read moreWeather hits Arena Leisure's profits
14th Jan 2011 12:55
Racecourses operator Arena Leisure was trading close to its 52-week low on Friday after it said the poor weather at the end of the year put a dampener on performance. The effects of the bad weather was only partially offset by the hasty arrangement of six meetings at the group's three all-weather t
Read moreLevy cut causes Arena Leisure stumble
12th Nov 2010 16:16
Racecourses operator Arena Leisure stumbled Friday after it highlighted the impact of the £10m reduction of funding for the horse racing industry in 2011 from the Levy Board. This reduction is based on an estimate of the likely Levy yield and is made in the absence of an agreement for the 2011/12
Read moreTuesday tips round-up: Telecity, WS Atkins, Tullett Prebon...
3rd Aug 2010 07:05
Telecity operates giant warehouses full of computer racks that connect users to the web. Telecity has 24 of these energy-sapping properties across Europe and boasts that it is the continent's largest datacentre provider. Telecity trades at 18.8 times broker forecasts next year, which is not cheap.
Read moreLondon close: Footsie soars as earnings impress
2nd Aug 2010 16:51
Footsie posted triple-digit gains as strong earnings here and elsewhere cheered investors. HSBC gave the banking sector a lift. The global banking giant's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges
Read moreUK SMALLCAP ROUNDUP: President Petroleum Co Ups Reserves
2nd Aug 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PRESIDENT PETROLEUM CO. PLC (PPC.LN), an oil and gas explorer, Monday increased its reserves in the U.S. more than four-fold to 12.9 million barrels of o
Read moreUPDATE: Arena Leisure Sees 2010 Pft Hit By Industry Fund Cuts
2nd Aug 2010 14:59
(Adds detail, chairman's comment, analyst comment, share price.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Horse-racing event organizer and racecourse operator Arena Leisure PLC (ARE.LN) said Monday it expects to take a GBP200,000 hit to profit this year and GBP800,00
Read moreLondon afternoon: Triple digit rise for Footsie
2nd Aug 2010 14:20
The Footsie is sitting on a triple-digit gain though the benchmark index has largely traded sideways since 9:30 this morning when the purchasing managers index (PMI) for UK manufacturing was released. The index showed that activity in British factories grew at a slower pace in July, but the decli
Read moreUK SMALLCAP ROUNDUP: Management Consulting Sees More Debt Cut In 2H
2nd Aug 2010 12:29
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MANAGEMENT CONSULTING GROUP PLC's (MMC.LN) net debt is expected to fall by as much as 20% in the second half, Finance Director Craig Smith said Monday, a
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