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03-Jul-2020 10:03 AM

Arena Events losses deepen on higher costs

Event solutions provider Arena Events reported wider losses as higher costs offset a rise in revenue in the 15 months through 31 March. For the 15 months ended 31 March 2020, pre-tax losses widened to £23m from £1.6m reported in December 201
16-Mar-2020 08:53 AM

Arena Events expects to 'broadly' meet expectations, but unable to give guidance for 2021 as virus s

Temporary event solutions provider Arena Events said it expected results for the 15-month to the end of March 'broadly' in line with expectations. But the company said it was unable to give any guidance for its new fiscal year due amid uncertai
11-Feb-2020 08:36 AM

Arena Events swings to profit on performance in Middle East & Asia

Arena Events swung to a profit in the first half of the year as performance across its businesses in the Middle East & Asia offset weakness in Hong Kong and Dubai. For the six-months ended 31 December 2019, the company reported a pre-tax profit of &poun
20-Sep-2019 07:55 AM

Arena Events builds largest ever temporary structure in Japan

Arena Events Group plc announced that it has completed the installation of the largest single temporary hospitality structure ever installed in Japan, in partnership with Omni International in Yokohama Japan, for a rugby tournament starting this month.
10-Sep-2019 10:25 AM

Arena Events posts wider losses on margin pressure

Arena Events reported wider losses as gross margin in the Middle East and Asia region moderated offsetting a rise in revenue. For the six months ended 30 June 2019, pre-tax losses widened to £2.3m from £0.3m a year earlier and revenue incr
10-Apr-2019 09:04 AM

Arena Events Group slashes losses as cost cuts, higher revenues bolster performance

Arena Events Group slashed its annual losses as cost cuts and higher revenues helped bolster performance. For 2018, pre-tax losses narrowed to £1.6m from £3.1m a year earlier and revenue rose 24% to £135m. Adjusted earnings (EBITDA) g
12-Mar-2019 09:42 AM

Arena Events Group appoints Chris Morris as Chief Executive of UK and Europe

Arena Events Group announced Tuesday the appointment of Chris Morris as Chief Executive of UK and Europe. Chris had over 20 years' experience in the Sports, Leisure and Hospitality sectors and would join Arena on 19th March, the company said.
19-Sep-2018 09:30 AM

Arena Events slashes losses as revenues jump 23%

Arena Events reported Wednesday a sharp reduction in losses as revenues jumped by nearly quarter even as the company ramped up acquisitions. For the six months ended 30 June, pre-tax losses were £0.2m, compared with losses of £3.2m a year ea
11-Apr-2018 08:57 AM

Arena Events revenue, earnings rise supported by strong US growth

Arena Events said group revenue increased by 18% to £109.6m in the year to the end of December, from £93.2m the previous year. Revenue grew in all regions, characterised by strong organic revenue growth in the US, as the firm won and deliver
02-Feb-2018 08:37 AM

Arena Events Group acquires GLD Productions

Arena Events Group plc announced Friday the acquisition of specialist furniture hire business GLD Productions which is expected add approximately £1.5m in annual revenue. Grahame Muir, CEO Arena Group UK & Europe said: 'Since our 2017 stock
26-Jan-2018 08:45 AM

Arena Events Group maiden full year results in line with expectations

Arena Events Group said underlying trading for the year ended 31 December 2017 was in line with market expectations. The group delivered several high profile events such as the Eurasia Cup in Kuala Lumpur; the HSBC Abu Dhabi Golf Championships and the AT
25-Sep-2017 07:49 AM

Arena Events declares maiden divi as revenues rise

Arena Events Group has declared a maiden dividend following strong progress in line with forecasts for the six months to the end of June. Revenue increased to £51.1m (H1 16: £44.5m) and gross profit rose to £14.7m (H1 16: £14.0m
27-Mar-2012 02:35 PM

Court sanctions Aldersgate-Arena Leisure scheme of arrangement

The High Court has approved the scheme of arrangement for Aldersgate Investments' recommended cash offer for Arena Leisure. At 2:35pm: (LON:ARE) Arena Leisure share price was +0.01p at 44.13p Story provided by
12-Mar-2012 07:12 AM

Arena jumps ahead

Racecourse operator Arena Leisure said profit before tax increased by 14.6% to £4.2m in the year to end-December (2010: £3.6m) after record attendances. Profit before interest and tax increased by 7.1% to £5.8m (2010: £5.4m). Revenue was down £2.5m
10-Feb-2012 09:04 AM

Arena Leisure sends out details of Aldersgate offer

Arena Leisure is posting out details of the recommended cash offer from Aldersgate Investments to shareholders. Arena says the scheme document will contain, amongst other things, the full terms and conditions of the scheme and an explanatory statement, t
31-Jan-2012 03:11 PM

OFT looks at Aldersgate Investments-Arena Leisure deal

The Office of Fair Trading is looking at the anticipated acquisition by Aldersgate Investments of Arena Leisure. The OFT is considering whether arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of
12-Dec-2011 01:23 PM

Arena up on bid rumours

Horse racing operator Arena Leisure (LON:ARE) was the top riser on the FTSE All Share, up more than 13%, after media reports that billionaires David and Simon Reuben had made a cash offer for the company. The property tycoons are believed to have offered
18-Nov-2011 01:13 PM

Arena Leisure on course to meet FY forecasts

Racecourse operator Arena Leisure remains on target to meet management's full year expectations and expects good progress in the development of its core non-racing income streams next year. It said the catering business will deliver its first major
01-Aug-2011 08:36 AM

Arena Leisure pre-tax profits fall

Racecourse operator Arena Leisure's pre-tax profits fell to £0.5m in the six months to the end of June - down from £0.9m last time. Revenue (excluding Levy income) grew by £3.0m (15.3%) to £22.5m, reflecting the progress of the consumer business and
23-Jun-2011 08:56 AM

Arena Leisure reviewing options including possible sale

Racecourse operator Arena Leisure has confirmed press speculation that it is reviewing operations which might include a possible sale. The company stressed that the review had only just started and there was no certainty that it would result in any chan
06-May-2011 08:05 AM

Arena Leisure in line with expectations

Racecourse owner and operator Arena Leisure's trading in the first four months of the year has been in line with its expectations. The group said there was 17% growth in average attendance and good contributions from its non-racing income streams:
08-Mar-2011 09:23 AM

Arena Leisure revenues fall

Horse-racing group Arena Leisure's pre-tax profits fell to £3.6m in the year to the end of December - down from £4.1m last time. The group - which owns and operates seven racecourses - said revenues fell to £64.0m from £65.2m but adjusted pre-tax p
10-Feb-2011 07:43 AM

Arena Leisure wins Olympic catering contract

Racecourse owner Arena Leisure has won a contract to provide catering services at the Eton Dorney and Greenwich Park venues for next year's Olympic and Paralympic Games. Eton Dorney will be home to the sprint canoeing and rowing events while Greenwi
14-Jan-2011 08:43 AM

Severe weather hits Arena Leisure profits

Arena Leisure's full year profits will be £0.3m-£0.4m lower than its forecasts after severe weather forced seven race meeting to be abandoned. But it says a £0.1m gain on the year-end revaluation of interest rate derivative contracts will partly mi
12-Nov-2010 08:16 AM

Arena expects FY to be in line with forecasts

Horseracing group Arena Leisure expects its full year results to be in line with market forecasts - although it remains cautious about the last two months of the year, particularly on hotel trading and non-racing events. Arena says it remains well place
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