12 Sep 2016 15:05
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Merlin Entertainments Share News (MERL)
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Merlin Entertainments Information
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Don't have an account? Click here to register.Merlin magic ebbing at London attractions, warns UBS
Thu, 10th Jan 2019 14:02
(Sharecast News) - UBS recommended clients sell Merlin Entertainments shares on Thursday after its research showed a decline in average reviews at the group's Midway attractions and Legoland parks in the UK.The Swiss bank, which downgraded its rating from 'neutral' and cut its target price to 295p from 380p, said the research had made it "more cautious" about the Midway recovery, worrying that "this trend could be the result of poor investment or operational decisions" as management look to cut costs and "suggests further weakness in 2019".Customer review data for the Midway divisions, included London Eye and Madam Tussauds London seeing "meaningful" year-on-year declines in average review scores, with new brand Little Big City the third worst performing brand in the group for reviews.The the core London sites accounting for more than a third of profits but just 5% of sites, the analysts said such declining reviews and hence attendance "could have a disproportionate effect on Midway profitability" and so reduced their forecasts for like-for-like growth from the division this year from 2% to 1%.Legoland is still seen as a strong Merlin brand, "with clear roll-out potential" around the world, but the weak LFL growth performance last year highlights risks to growth, with customer review data showing a "significant" decline in average reviews at Legoland Windsor, which may remain a drag in 2019, and leading to another cut in LFL growth forecast from 4% to 3% for 2019.
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9 Sep 2016 13:37
Friday broker round-up
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read more1 Sep 2016 13:43
Merlin Entertainment shares dip on new Alton Towers ride scare
(ShareCast News) - Shares in Merlin Entertainments dropped sharply on Thursday afternoon as reports of a Smiler roller coaster scare at its Alton Towers theme park, which only recently reopened after a crash that left five customers seriously injured. The Smiler rollercoaster was stuck with its pass
Read more12 Aug 2016 09:36
Friday broker round-up
(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d
Read more28 Jul 2016 08:26
Merlin sees boost to FY results on back of sterling slump
(ShareCast News) - Madam Tussaud's and Legoland owner Merlin Entertainments said the recent slump in the pound against euro and US dollar could help full year results if exchange rates remained unchanged. The company said it generated more than 70% of its profits outside the UK and the weaker curren
Read more21 Jul 2016 15:03
31 May 2016 15:03
24 May 2016 08:32
19 May 2016 07:09
London leisure market remains challenging, says Merlin Entertainments
(ShareCast News) - Although market conditions in London remain challenging, theme park operator Merlin Entertainment said trading in 2016 has been "broadly" in line with expectations. The operator of theme parks and leisure attractions including the Legoland, Madame Tussauds and London Dungeon chai
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