Merlin Entertainments Share News (MERL)

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Merlin Entertainments to build first Legoland park in Korea

Mon, 07th Jan 2019 12:00

(Sharecast News) - Theme park operator Merlin Entertainments has entered into a partnership agreement with Gangwon provincial government to build a Legoland park in South Korea.Legoland Korea, which will be built upon Hajungdo Island, approximately one hour east of Seoul, has been scheduled to open in 2022 and will incorporate a fully themed hotel along with the full-scale theme park resort.Merlin anticipates the park will cost it KRW 290bn (£205m), of which KRW 210bn (£148m) will come from the firm, with the remaining amount set to come from the investment arm of Gangwon province.The project will be the FTSE 250-listed outfit's tenth Legoland park.Chief executive Nick Varney said: "We remain excited about the potential of LEGOLAND Parks, the roll out of which is a strategic growth driver for Merlin, and we continue to look at opportunities for further sites around the world."As of 1200 GMT, Merlin shares had ticked up 1.05% to 326.50p.

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1 Dec 2015 15:03

Merlin Entertainments could be worth 50% more, ShoreCap says

(ShareCast News) - Depending on the valuation model chosen, Merlin Entertainments's expansion plans could boost the value of the company's discounted cash flow by half, Shore Capital said in a research note sent to clients. That followed an in-line trading statement from the theme-park operator in w

1 Dec 2015 12:25

LONDON MARKET MIDDAY: Banks Lead Gains Amid Flurry Of PMIs Readings

1 Dec 2015 10:28

WINNERS & LOSERS SUMMARY: Banks In Favour As They Pass Stress Tests

1 Dec 2015 08:36

LONDON MARKET OPEN: Banks Lead Gainers After Stress Tests Results

1 Dec 2015 07:15

Merlin Entertainments Says Trading In Line But Alton Towers Still Weak

1 Dec 2015 07:02

Merlin Entertainments rollercoaster year should hit target

(ShareCast News) - Theme parks group Merlin Entertainments confirmed it is likely to end its rollercoaster year on a stable footing with full year profit forecasts expected to meet lowered expectations despite the continued significant weakness at Alton Towers since the crash on its Smiler ride in J

25 Nov 2015 09:34

BROKER RATINGS SUMMARY: Goldman And HSBC Negative On Anglo American

25 Nov 2015 08:23

LONDON BRIEFING: Housebuilders In Favour Ahead Of UK Autumn Statement

24 Nov 2015 16:49

Earnings, Trading Statements Calendar - Week Ahead

24 Nov 2015 13:18

PRESS: Human Error Caused Crash Of Merlin Entertainment's Smiler Ride

11 Nov 2015 09:32

BROKER RATINGS SUMMARY: JPMorgan And S&P Capital IQ Positive On ITV

10 Nov 2015 13:02

Merlin To Axe Up To 190 Alton Towers Jobs After Smiler Crash

9 Nov 2015 07:41

Asia-focused investment manager appointed to Merlin board

(ShareCast News) - An Asia-focused investment manager has been appointed to the board of Merlin Entertainments as the company looks to expand its reach in China. Yun (Rachel) Chiang will take up the non-executive director role on the FTSE 100 company board starting 1 January. It follows the company

23 Oct 2015 08:49

DIRECTOR DEALINGS: Merlin HR Director Sells 500,000 Shares

21 Oct 2015 16:16

London close: Stocks struggle to find direction on lack of drivers

(ShareCast News) - London stocks ended Wednesday's session flat after wavering throughout the day amid a lack of economic drivers. Equities struggled to find direction as there were few data releases apart from UK public finances, Markit's Household Finance Index and Japanese trade data. UK's headl

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