Markets

Ardent Leisure is about to post a major loss

Ardent Leisure, the owner of the fatal Dreamworld ride on the Gold Coast, is heading for a full after tax year loss of between $84 million and $94 million. The company, in reporting preliminary, unaudited results, says it will have a non-cash impairment charge of $38 million, plus $12 million […]
Ardent Leisure is about to post a major loss
Markets

Ardent Leisure has brokered a peace with corporate raider Ariadne, for now

Theme park operator Ardent Leisure has headed off a battle for shareholder votes with corporate raider Ariadne. At the weekend, the board of directors agree to appoint two Ariadne nominees, Gary Hilton Weiss and Brad Richmond, to the board, heading off a vote at an extraordinary meeting of shareholders. Ariadne, […]
Ardent Leisure has brokered a peace with corporate raider Ariadne, for now
Markets

Ardent shares rise as visitors slowly return to Dreamworld

Ardent Leisure, the owner of the Dreamworld where four people died last year in a ride accident, says visitors are returning to its theme park. In a trading update today, Ardent reported an improvement in visitor numbers in February. A short time ago, Ardent shares were up 3.2% to $1.60. […]
Ardent shares rise as visitors slowly return to Dreamworld
Markets

The CEO, her bonus and the Dreamworld tragedy

Ardent Leisure, now called Main Event after shareholders approved the name change at its AGM yesterday, has had a series of missteps in dealing with Tuesday’s fatal accident at the Dreamworld theme park on Australia’s Gold Coast. It went ahead with the AGM two days after four people were killed […]
The CEO, her bonus and the Dreamworld tragedy
Markets

The fatal Dreamworld accident will hit Ardent Leisure’s earnings

The financial impact of the accident at Dreamworld on the Gold Coast, which killed four people, will be “significant”, according to its owner Ardent Leisure. No one at Ardent leisure will put number on the impact on earnings, fielding questions as the company held its AGM in Sydney, by saying […]
The fatal Dreamworld accident will hit Ardent Leisure’s earnings
News

Dreamworld reopens tomorrow with a memorial for the four killed

Gold Coast theme park Dreamworld plans to reopen tomorrow with a memorial for the four killed in the Thunder River Rapid ride when a raft overturned on Tuesday. Gate proceeds on the day will go to the Red Cross. “We hope this will be considered the start of the healing […]
Dreamworld reopens tomorrow with a memorial for the four killed
Markets

Shares in Dreamworld owner Ardent Leisure are tanking

Shares in Ardent Leisure, the owner of the Gold Coast theme park Dreamworld where four people died, fell hard in early trade. They dropped as much as 18%. A short time ago, they were down 8% to $2.16. Ardent says Dreamworld will remain closed today as a mark of respect […]
Shares in Dreamworld owner Ardent Leisure are tanking