Proactive Investors - Run By Investors For Investors

Merlin Entertainments faces tough London market

Attraction and theme park operator said market conditions in the capital remained challenging
Merlin Entertainments faces tough London market
Group trading in the year to date was broadly in line with expectations

Madame Tussauds and London Eye group Merlin Entertainments PLC (LON:MERL) said the London market was tough as it reported trading in line with hopes.

Merlin, which also owns theme parks such as Alton Towers and Chessington World of Adventures, said market conditions in the capital remained challenging despite recent favourable movements in foreign exchange rates.

Group trading in the year to date was broadly in line with expectations, reflecting the continuation of the key trends underlying the 2015 result.

Merlin said new rides and features opened so far this season had been well received.

It said new accommodation was progressing well, with an extension of the Legoland Deutschland Holiday Village already open, and further developments at Gardaland, Chessington World of Adventures and

Warwick Castle set to open in coming weeks.

Merlin is reportedly facing a multi-million pound fine after pleading guilty to breaching health and safety law last month following an accident at Alton Towers last year.

Two female passengers on the Smiler ride suffered leg amputations and three others were also seriously injured when their carriage collided with a stationary carriage on the same track in June.

Shares fell 10.5p, or 2.4%, to 420.9p in early London trading.

View full MERL profile View Profile

Merlin Entertainments Timeline

Related Articles

ZoomAway Travel Inc embracing blockchain, which is set to push out middle man in hospitality and act
January 11 2018
The firm plans to begin rolling out cryptocurrency payments into its white label and registration management system (RMS) clients
China leisure resort
December 18 2017
The new management team has a history of turning companies around
Amusement park
February 14 2018
Berenberg's analysts pointed out that accesso's end-to-end technology stack combined with its global footprint positions the group well in a market that is fragmented by product, geography and vertical

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use