Monday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO
22nd Aug 2016 07:02
(ShareCast News) - Leaving the EU may not not happen anytime soon given that civil servants charged with the task don't yet have an office and hold meetings in Starbucks. Some estimates suggest "full Brexit" may take 10 years and involve up to 10,000 people, not only in the new and other so-called "
Read moreEntertainment One buys virtual reality games and film maker
18th Aug 2016 07:53
(ShareCast News) - Entertainment One, still abuzz with rumours about a potential takeover by ITV or others, completed its own acquisition on Thursday, buying the remaining half of Canadian interactive content studio Secret Location, a specialist in the burgeoning virtual reality space. The FTSE 250
Read moreEntertainment One surges on improved ITV bid hopes
15th Aug 2016 08:29
(ShareCast News) - Shares in Entertainment One were surging on Monday morning on reports that ITV might improve its bid for the Canadian TV and film distributor. ITV was understood to be working on lifting its previous bid for eOne, which is the majority owner of the maker of the enormously popular
Read moreKKR eyeing possible bid for Entertainment One, ITV ponders higher offer
14th Aug 2016 20:48
(ShareCast News) - Entertainment One had caught the eye of US private equity outfit KKR, which is considering a bid, Bloomberg reported citing people familiar with the matter. For its part, The Mail on Sunday reported that ITV might be willing to pay up to 280p a share or almost £1.2bn for Entertain
Read moreSunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreCanaccord downgrades Entertainment One after it rejects ITV bid
11th Aug 2016 12:15
(ShareCast News) - Canaccord Genuity lifted its price target on Entertainment One to 236p from 225p and cut the recommendation to 'hold' from 'buy' after it rejected a preliminary approach from ITV valuing the stock at 236p per share. The brokerage said the likelihood of another offer, that would be
Read moreEntertainment One rejects takeover approach from ITV
10th Aug 2016 07:17
(ShareCast News) - Peppa Pig owner Entertainment One said on Wednesday that it has rejected a takeover from broadcaster ITV that values the company at 236p per share. "The board of eOne has reviewed the proposal and has unanimously rejected it on the basis that it fundamentally undervalues the compa
Read moreAcquisitions add to Entertainment One profit growth
24th May 2016 07:53
(ShareCast News) - Media company Entertainment One reported a modest 2% rise in revenues for the year on Tuesday, to £803m, driven by strong performances in television and family offset by a weaker film division. The FTSE 250 firm reported a 20% jump in EBITDA to £129m, with organic growth in televi
Read moreEntertainment One trades at significant and unwarranted discount, Canaccord says
15th Apr 2016 10:32
(ShareCast News) - Shares of Entertainment One were trading at a "significant" and "unwarranted" discount to its peers, regardless of whether a formal bid for the company would be forthcoming or not, Canaccord Genuity said. When pigs fly Shares in the company, best-known perhaps for the 50.0% stake
Read moreFTSE 250 movers: Takeover talks send Entertainment One higher
14th Apr 2016 14:38
(ShareCast News) - The FTSE 250 was trading down on Thursday afternoon, after a unanimous Bank of England decision to keep interest rates steady for the 85th month in a row. Film and television distributor Entertainment One was on the up, after it was revealed that broadcaster ITV held takeover talk
Read moreITV in deal talks with Peppa Pig owner Entertainment One, no offer made yet
14th Apr 2016 07:53
(ShareCast News) - Broadcaster ITV has held takeover talks with Entertainment One, the FTSE 250-listed owner of Peppa Pig and distributor of the new David Brent film, according to reports. Talks have been exploratory and no final decision has been made, with Entertainment One confirming on Thursday
Read moreThursday newspaper round-up: RBS, ITV, Tata, BP
14th Apr 2016 07:23
(ShareCast News) - George Osborne will have to consider selling the public stake in Royal Bank of Scotland at a loss because keeping it in the public sector is bad for the bank and the economy, the outgoing head of the Treasury has claimed. Sir Nick Macpherson said it was "going to be tricky" for th
Read moreFTSE 250 movers: David Brent blows steam into Entertainment One
8th Apr 2016 14:52
(ShareCast News) - The FTSE 250 was comfortably in the black in afternoon trading on Friday, with oil prices heading upwards and investors seemingly nonchalant about a trade deficit that was wider than forecast. As oil prices rose, so did oilfield engineering services firm Weir Group. The stock also
Read moreTuesday broker round-up
29th Mar 2016 16:51
(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560
Read moreEntertainment One buys control of Los Angeles reality TV maker
24th Mar 2016 08:30
(ShareCast News) - Entertainment One has spent $23m on acquiring a majority stake in Los Angeles reality television production company Renegade Entertainment, maker of such gems as 'Naked & Afraid' and 'Fit to Fat'. The FTSE 250 group said it expected the transaction will be earnings enhancing in it
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