FTSE 100 closes higher on trade talk optimism; miners big winners
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
Company
Merlin Entertainments
LON:MERL
Merlin Entertainments Group casts its spell on tourists looking for amusement. The company is a leading operator of amusement parks and other entertainment venues with a total of more than 85 attractions in nearly 20 countries. It runs the LEGOLAND chain of theme parks with five locations in Europe and the US, along with the well-known Madame Tussauds wax museums. Other operations include Alton Towers Resort, the SEA LIFE aquariums in Europe, and the giant Ferris wheel known as The London Eye. Formed in 1999 through a buyout of Vardon Attractions, Merlin Entertainments is owned by a consortium of investors that includes private equity giant The Blackstone Group, LEGO Holding, and CVC Capital Partners.
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Hardware & electrical equipment
Immotion raises funds to accelerate growth after landing significant new deals
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Merlin Entertainments skids lower as UBS cuts its rating, target and estimates on concerns over Midway customer review data
The Swiss bank's analysts said: “We are incrementally more cautious around the Midway recovery with the latest UBS Evidence Lab customer review data showing a continued decline in average reviews across Midway, including among the key attra
Hardware & electrical equipment
Accesso off on a Bear Grylls Adventure
Nothing says a wild and dangerous wilderness environment more than ... er ... Birmingham, home to Spaghetti Junction and soon, the Bear Grylls Adventure ...
Archive
Merlin Entertainments showing the survival skills of Bear Grylls
The hot summer was good for the Resort Theme Parks and bad for the Midway division, which is London-biased.
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A look at some of the winners and losers in the UK equity market on Tuesday
Merlin Entertainments like-for-like revenue grows, expects to meet 2018 outlook
Favourable weather and product investment contributes to 9% rise in organic revenue growth at Resort Theme Parks
Investments and investor services
FTSE 100 closes higher after fairly unevenful traading; May gets cabinet support
The FTSE 250, a more UK company focused index, added around 328 points to 19,131
Archive
Bellway to provide gauge of the strength of the housing market
Bellway's prelims look like they will be the main event although it is rumoured theme parks group Merlin is scheduled to issue a trading update - probably what it loses on the roundabouts it will gain on the swings.
Accesso Technology reports strong earnings growth in first half as it continues eCommerce and ticketing technology rollout
The electronic ticketing and queuing technology firm reported an adjusted EBITDA of US$15.1mln, up 73.6% on the previous year, while revenues climbed 16.7% to US$54.4mln
UBS turns cautious on Merlin amid review score decline and Midway uncertainty
The bank said that customer review data for the FTSE 250 attractions operator had highlighted a correlation between a decline in average review scores and a fall in admissions
Archive
HSBC will ring down the curtain on the bank's interim reporting season, but other financials also in focus
Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
Merlin Entertainments sees challenging London market and weak dollar dent earnings
The theme park operator reported that underlying earnings had fallen 1.3% to £143mln despite organic revenue growth of 4.5% to £694mln and visitor numbers rising 0.8%
Archive
FTSE 100 joins European stocks to close lower as trade worries weigh
FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
Archive
Bank of England widely expected to hike rates but will the decision be unanimous?
A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
Merlin Entertainments says terror attacks continue to dampen visitor numbers ahead of interims
The FTSE 250 theme park operator said despite the reduction, it remained confident of a recovery over time
Archive
RBS first quarter results to be overshadowed by impending US mortgage mis-selling fine
Litigation and conduct costs have held back RBS from resuming dividend payments and returning to private ownership
Archive
Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
Burberry names Gerry Murphy as its chairman designate
The FTSE 100-listed firm said Murphy will start on 17 May and will succeed John Peace as chairman after the company’s annual shareholder meeting on 12 July