FTSE 100 shares drift south from 2-month highs on debt fears
FTSE 100 shares drifted lower on Wednesday, retreating from the previous session’s two-month highs after official UK public borrowing figures came in worse than expected
Company
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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FTSE 100 shares drifted lower on Wednesday, retreating from the previous session’s two-month highs after official UK public borrowing figures came in worse than expected
The City broker reckons that now could be a good time to buy into the Alton Towers owner
FTSE 100 shares ended down on Tuesday, led by miners and oil companies
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Merlin Entertainments is due to release fourth quarter trading update on Tuesday.
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Big names reporting this week: Aberdeen Asset, Merlin Entertainments, Daily Mail, Sage Group and Berkeley Group
Theme park group said like-for-like revenue in the 38 weeks to September 17 rose 1.3%.
London’s blue-chip FTSE 100 ticker closed above 6,900 on Thursday thanks to a deal to curb oil supply but after the break higher at the opening it just held those levels to the end of the day.
A look at this week' corporate offerings, which include Sainsbury's
London shares recovered to close firm on Friday, after a session most spent in negative territory, after a strong performance from financial stocks, especially bank Barclays
To misquote Prince, it’s just another frantic Thursday with around one-sixth of the FTSE 100 companies set to update the market.
Broker Peel Hunt provides a comprehensive look at accesso today
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"While we cut our forecasts by 1-3% to reflect weaker trends in London for the Midway division, we remain confident in Merlin's recovery potential in 2016/17," said the broker
Attraction and theme park operator said market conditions in the capital remained challenging
Royal Mail expected to report revenues of £9.2bn and pre-tax profits of £410mln
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
Ticketing and "virtual queueing" group hails new business wins and tech advances
Ticketing technology group increased annual profits by 38.2%