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- Arena shares suffer as attendances drop at its racecourses
- Shares in Arena Leisure, the UK's largest operator of horseracing fixtures, slumped by more than 20% after the firm warned that results for 2008 would be "significantly below" current market expectations after a sharp fall in attendances at its racecourses. House broker Altium Securities cut its target price to...
- Research articles 2008-11-01
- Arena 'on track' despite posting 41% profit fall
- Arena Leisure, operator of seven racecourses and one quarter of the UK's annual horseracing fixtures, said pretax profits fell by 41% to 1.4m [pounds sterling] in the six months to 30 June 2008, as a 1m [pounds sterling] one-off finance expense "as a result of the IFRS treatment of interest...
- Research articles 2008-09-01
- ISG has secured a 1.4m [pounds sterling] project with DC Leisure to extend fitness facilities and enhance accessibility at the Arena Leisure Centre in Camberley, Surrey
- ISG has secured a 1.4m [pounds sterling] project with DC Leisure to extend fitness facilities and enhance accessibility at the Arena Leisure Centre in Camberley, Surrey. Working throughout the leisure centre, ISG will systematically update and modernise the facilities across a phased programme. Minor demolition works will be carried...
- Research articles 2008-08-01
- Arena Leisure
- Antony Harris has joined Arena Leisure as its new finance director. Harris is the former chief financial officer of The UNITE Group and prior to that, vice president finance (Europe & Africa, and Nordic regions) at Hilton International. He took up the role at Arena on 1 May. Harris...
- Research articles 2008-06-01
- Arena Leisure faces hurdles.
- Mark Elliott, chief executive of Arena Leisure, would rather forget the year 2007 after an unprecedented number of race cancellations. Nathalie Olof-Ors Last year is one that Mark Elliott, chief executive of Arena Leisure, would rather forget. The group - which runs a...
- Research articles 2008-03-07
- Arena Leisure misses H1 profit targets as bad weather hits fixtures
- Arena Leisure, the UK's largest operator of horseracing fixtures, has reported pre-tax profit of 2.3m [pounds sterling] for the six months to 30 June 2007, slightly ahead of 21.6m [pounds sterling] the previous year. The company said that the figure was significantly below its expectations due to the prolonged...
- Research articles 2007-09-01
- Racecourse operator blames wet weather for rough profits ride
- The racecourse operator Arena Leisure yesterday blamed Britain's dismal summer weather for keeping punters at home as it issued a profit warning. Two of the company's seven tracks - at Southwell and Worcester - are now completely under water as a result of the torrential downpours. Attendances...
- Research articles 2007-06-30
- Nothern Racing shares dive as bid comes in under current value
- Shares in Northern Racing tumbled yesterday after the company announced a takeover approach [pound]15m short of its current market value. The company said it had "granted a short period of exclusivity" to an unnamed bidder at "no more than 200p a share" which would value the group at...
- Research articles 2007-04-12
- Arena Leisure eyes 23m [pounds sterling] scheme
- Arena Leisure announced it had submitted a new planning application to Wolverhampton Council to expand facilities at the racecourse. If its application is successful, Arena plans to invest 23m [pounds sterling] on the development, which will include expanding the hotel on site to 170 rooms, the "racino", plus additional...
- Research articles 2007-03-01
- Northern in bid talks, makes TV deal
- Just weeks after denying it was in bid talks, UK racecourse owner Northern Racing announced it has received an approach. However the group added the approach was at a very preliminary stage, and is priced at a level close to 184p, the closing mid-market price the day before the announcement....
- Research articles 2007-01-01
- Elliott bets on bookmakers deal keeping Arena in the winner's circle
- 6am Mark Elliott's alarm chimes just as the horses which race over Arena Leisure's seven tracks are preparing for a morning blow on the gallops. It is going to be a big day for the company he runs. Arena is preparing to announce a [pound]55m deal with...
- Research articles 2006-12-09
- Racecourse owner Arena seals betting shops deal
- Arena Leisure shares surged yesterday after the racecourse operator signed a [pound]55m deal with the Bookmakers Afternoon Greyhound Service BAGS to supply live horseracing pictures to British betting shops. The move will be seen as a coup for bookmakers, as they face pressure to increase what they...
- Research articles 2006-12-08
- Arena Leisure
- Our view: Buy Share price: 46.5p unch The market appears to have woken up to Arena Leisure. Yesterday the company announced plans for the second phase of its redevelopment of Doncaster Racecourse, featuring a four-star hotel and apartment complex. They will cost [pound]17.5m, falling...
- Research articles 2006-11-29
- Profits up as Arena looks to drive growth
- Arena Leisure, the UK's largest operator of horseracing fixtures, has posted an increased pre-tax profit of 2.2m [pounds sterling] for the six months to 30 June 2006. Turnover at the group rose by 5.7% to 21.9m [pounds sterling], helping drive the 7.9% rise in headline profits. Earnings per share increased...
- Research articles 2006-10-01
- Is it a racecourse? Is it a casino? No, it's a racino
- Arena Leisure, the racetrack operator, outlined plans yesterday to build Britain's first "racino", a combined racing and casino venue, in Wolverhampton. Mark Elliott, the chief executive, said he would submit a planning application in the next couple of months for Wolverhampton racecourse to expand the existing hotel...
- Research articles 2006-09-21
- Is it a racecourse? Is it a casino? No, it's a racino
- Arena Leisure, the racetrack operator, outlined plans yesterday to build Britain's first "racino", a combined racing and casino venue, in Wolverhampton. Mark Elliott, the chief executive, said he would submit a planning application in the next couple of months for Wolverhampton racecourse to expand the existing hotel from 54 beds...
- Research articles 2006-09-21
- Arena Leisure
- Arena Leisure has appointed Martin McGann as its new non-executive director and chairman of the audit committee. McGann, who will take up his new post on 27 June, is currently finance director of Kandahar Group, a private property company. Between 2002 and 2002, he was finance director at...
- Research articles 2006-07-01
- Record 2005 operating profits for Arena Leisure
- Announcing preliminary results for the year to 31 December 2005, Arena Leisure, the UK's largest operator of horseracing fixtures, today announced its audited preliminary results for the year ended 31 December 2005. Arena posted a record operating profit of 6.7m [pounds sterling], up 30% year-on-year, on the back of...
- Research articles 2006-04-01
- German losses pile pressure on Logica CMG
- They say that a rising tide lifts al boats. And so LogicaCMG unveiled a 66 per cent rise in annual profits yesterday, thanks to the continued recovery in the IT services market last year. The group, which provides IT services to business customers, registered its best performance...
- Research articles 2006-03-02
- Arena in the black as racecourses contribute record profits
- Arena Leisure reported its first profit in five years, and declared a maiden dividend, having returned to the black after taking a heavy hit following the collapse of Attheraces in 2004. The racecourse operator reported a pre-tax profit of 242,000 [pounds sterling] for the year to 31 December, topping...
- Research articles 2005-05-01
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