Merlin Entertainments could be worth 50% more, ShoreCap says
1st Dec 2015 15:03
(ShareCast News) - Depending on the valuation model chosen, Merlin Entertainments's expansion plans could boost the value of the company's discounted cash flow by half, Shore Capital said in a research note sent to clients. That followed an in-line trading statement from the theme-park operator in w
Read moreMerlin Entertainments rollercoaster year should hit target
1st Dec 2015 07:02
(ShareCast News) - Theme parks group Merlin Entertainments confirmed it is likely to end its rollercoaster year on a stable footing with full year profit forecasts expected to meet lowered expectations despite the continued significant weakness at Alton Towers since the crash on its Smiler ride in J
Read moreAsia-focused investment manager appointed to Merlin board
9th Nov 2015 07:41
(ShareCast News) - An Asia-focused investment manager has been appointed to the board of Merlin Entertainments as the company looks to expand its reach in China. Yun (Rachel) Chiang will take up the non-executive director role on the FTSE 100 company board starting 1 January. It follows the company
Read moreLondon close: Stocks struggle to find direction on lack of drivers
21st Oct 2015 16:16
(ShareCast News) - London stocks ended Wednesday's session flat after wavering throughout the day amid a lack of economic drivers. Equities struggled to find direction as there were few data releases apart from UK public finances, Markit's Household Finance Index and Japanese trade data. UK's headl
Read moreMerlin to develop Legoland Park in Shanghai
21st Oct 2015 07:31
(ShareCast News) - Merlin Entertainment is launching a joint venture with state-backed China Media Capital to develop a Legoland Park in Shanghai among other attractions in China. The FTSE 100 company announced the partnership with the Chinese private equity and venture capital firm on Wednesday.
Read moreMerlin Entertainments sales plummet after Alton Towers accident
17th Sep 2015 07:26
(ShareCast News) - Trading at theme park group Merlin Entertainments has dropped off dramatically since the serious accident at Alton Towers, with like-for-like sales slowing to almost zero in the year to date. In the 36 weeks of the year so far, revenues have grown 3.8% at constant currencies but M
Read moreMerlin's interim profit surges despite Alton Towers crash
30th Jul 2015 09:03
(ShareCast News) - Theme park operator Merlin Entertainments reported a sharp hike in interim profit and revenue. In the six months to 27 June, the FTSE 250 group posted a 24% increase year-on-year in profit before tax to £49m, while revenue edged 6% higher to £544m as overall visitor numbers increa
Read moreFTSE 100 movers: Reckitt Benckiser, Randgold, Centrica
27th Jul 2015 18:48
(ShareCast News) - Reckitt Benckiser bumped up its target for like-for-like revenue growth and investors did the same with stock in the consumer goods giant. Pre-tax profit for the six months ended 30 June came in at £912m from £838m in the same period last year, on net revenue of £4.36bn, up 4% fro
Read moreNumis upgrades Merlin Entertainment to 'hold' from 'reduce'
27th Jul 2015 16:31
(ShareCast News) - Analysts at Numis upgraded their rating for Merlin Entertainment to 'hold' from 'reduce', and kept a price target at 400p after the theme park operator reduced profit guidance. In an interim update, Merlin said profits in its theme park division would be weighed down by weak deman
Read moreLondon open: Stocks start lower, weighed down by losses in China
27th Jul 2015 09:28
(ShareCast News) - A sharp drop in Chinese stocks overnight weighed on risk sentiment early on as investors prepared themselves for the US central bank's policy announcement on Wednesday and a wave of corporate results in the UK, US and over on the continent this week. As of 08:33 BST, the FTSE 100
Read moreMerlin shares plunge after profit guidance lowered
27th Jul 2015 08:37
(ShareCast News) - Shares Merlin Entertainment plunged after it warned full-year earnings would be about half of what it made last year, following a roller-coaster crash at its Alton Towers theme park in June. At 0852 BST shares in the theme park owner were down 5.15% to 401.32p. The company said i
Read moreTheme park ride crashes at Merlin Entertainments' Alton Towers, four seriously injured
2nd Jun 2015 14:58
Air ambulances were called to Alton Towers, one of the theme parks owned by Merlin Entertainments, after four people were seriously hurt in collision between two carriages of the 14-loop 'Smiler' ride. There were 16 people involved in the crash, which happened at around 14:00 on Tuesday on the £18m
Read moreLondon close: Stocks stage late rally after positive US labour data
14th May 2015 16:44
After a negative start, UK stocks rallied into the close as improving labour-market data from the States lifted sentiment. After a choppy week, owing mainly to volatility on the government bond market, Wall Street indices opened higher following a Labor Department report which showed that US jobless
Read moreFTSE 100 movers: ITV hit by strike and stiff BBC competition, miners lower
14th May 2015 12:56
UK stocks rebounded from early losses, but remained restrained by concerns of Greek instability. Sector wise, miners and technology services provided the biggest drag, while insurers and utilities gave a welcome boost. At 1:45 BST, the FTSE 100 was trading 12 points higher at 6,962. ITV declined a
Read moreLondon midday: Stocks erase losses as markets continue erratic moves
14th May 2015 11:34
UK stocks erased losses by Thursday lunchtime on a quiet session for economic data, though concerns about Greece were limiting upside. Reports that Greek finance minister Yanis Varoufakis has called for the European Central Bank to delay Athens' debt repayments shook sentiment among investors. The
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