Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMerlin Entertainments Share News (MERL)

  • There is currently no data for MERL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Merlin Entertainments sells Australian ski resorts for £95m

Fri, 22nd Feb 2019 07:44

(Sharecast News) - Legoland and Madame Tussauds owner Merlin Entertainments has sold its Australian ski resorts, Hotham and Falls Creek, to Vail Resorts, for AUD174m (£95m).Merlin said the purchase price represents a multiple of 8.8x 2018 EBITDA.Net proceeds from the deal, which is subject to regulatory approval and is expected to close by June, will be used for general corporate purposes. Chief executive officer Nick Varney said: "We are pleased to reach this agreement with Vail Resorts, which will allow us to focus on our core business of location based entertainment, specifically theme parks and Midway attractions."It will see the business transfer to a company with a strong track record in ski resort development, and we wish Vail Resorts and the teams in Australia well."
More News
30 Jul 2015 10:37

TOP NEWS SUMMARY: Shell To Axe 6,500 Jobs As Oil Prices Hits Profits

Read more
30 Jul 2015 09:03

Merlin's interim profit surges despite Alton Towers crash

(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 more
30 Jul 2015 08:30

Accesso Wins Deal With Merlin; Will Beat 2016 And 2017 Expectations

Read more
30 Jul 2015 07:36

Merlin First Half Results Over-Shadowed By Alton Towers Accident

Read more
30 Jul 2015 05:59

LONDON MARKET EARLY CALL: Stocks Called Flat As US Fed Stays Put

Read more
30 Jul 2015 05:16

Earnings, Trading Statements Calendar - Week Ahead

Read more
29 Jul 2015 15:59

LONDON MARKET CLOSE: Shares Gain As Investors Await Fed Statement

Read more
29 Jul 2015 15:19

REPEAT: Earnings, Trading Statements Calendar - Week Ahead

Read more
29 Jul 2015 15:13

Earnings, Trading Statements Calendar - Week Ahead

Read more
29 Jul 2015 05:15

Earnings, Trading Statements Calendar - Week Ahead

Read more
28 Jul 2015 15:25

Earnings, Trading Statements Calendar - Week Ahead

Read more
28 Jul 2015 08:40

BROKER RATINGS SUMMARY: Panmure And Shore Capital Raise RSA Insurance

Read more
28 Jul 2015 05:13

Earnings, Trading Statements Calendar - Week Ahead

Read more
27 Jul 2015 18:48

FTSE 100 movers: Reckitt Benckiser, Randgold, Centrica

(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 more
27 Jul 2015 16:31

Numis upgrades Merlin Entertainment to 'hold' from 'reduce'

(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 more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.