Jun 13, 2017
Legoland owner Merlin warns of impact from UK terror attacks
Merlin Entertainments, the owner of Legoland and Madame Tussauds, has warned its UK attractions have been "Adversely affected" by recent terror attacks in London and Manchester. Merlin said trading at its London attractions, which includes Shrek's Adventure and the London Eye, had benefited from "Stronger foreign visitation to the UK" at the start of this year. The subsequent attacks in Manchester and London over the past month have resulted in a further deterioration in domestic demand and, given the typical lag between holiday bookings and visitation, we are also cautious on trends in foreign visitation over the coming months. The FTSE 100 group added that trading at its UK theme parks, which includes Thorpe Park and Alton Towers, have been "Adversely affected in recent weeks by the terror attacks and subsequent heightened security measures." "The impact of recent terror attacks on our London attractions is unclear at this stage," said Nick Varney, chief executive.
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