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ETOFri, 11th Oct 2019 07:40
Oct 11 (Reuters) - Canada-based independent entertainment
company Entertainment One Ltd on Friday posted a near
seven-fold wider first-quarter loss, hit by lower sales in its
film, television & music segments.
The company, which has agreed to be bought by Hasbro Inc
in August, said the loss before tax widened to 43.9
million pounds ($54.65 million) from 6.8 million pounds, a year
earlier.
($1 = 0.8033 pounds)
(Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by
Bernard Orr)
(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 more(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 more(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 more(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 more** Canada's Entertainment One up 8.5 pct after Bloomberg reported on Wednesday that ITV is said to be pursuing a takeover of co ** ITV (+0.2 pct), UK's biggest commercial free-to-air broadcaster, has been in talks with Entertainment One. No final decision has been made, Bloomberg says citin
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