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Arena Leisure on course to meet FY forecasts

By BFN News | 01:13 PM | Friday 18 November, 2011

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 external contracts at two Olympic venues and the group expects growth from hotel and events incomes. It says these, combined with media distribution royalties, will ensure that the group continues to perform well in what it expects will be similarly difficult trading conditions. The company entered an offer period in June and it remains in discussions - although there can be no certainty that an offer will be made. At 1:13pm: (LON:ARE) Arena Leisure share price was +0.13p at 34p Story provided by

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