Entertainment One bosses add to stakes

Three of the senior directors at film maker and distributor Entertainment One have built on their holdings following an upbeat trading statement yesterday.

Darren Throop, chief executive, purchased 300,000 shares at 21.5p per share, boosting his total holding to 4.5m shares or 3.47%.

Giles Willits, Chief Financial Officer, bought 300,000 shares, also at 21.5p, taking his beneficial interest to 320,000 shares, while Patrice Theroux, President of Global Filmed Entertainment, purchased 300,000 shares at a price of 21.6p per share and a further 37,000 shares at a price of 24.2p per share.

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Entertainment's losses last year climbed to £31m from £7.7m as it write off more from its US music inventory. Revenues, though, rose by nearly 30% to £343m, while underlying profits jumped by 27.1% to £16.4m.

"The Film division has a high quality slate of releases for the new financial year and Television has made a strong start with particular successes in major US network commissions. The Canadian Distribution business continues to deliver robust performance while the US Music and Distribution businesses have stabilised following the restructuring," chief executive Darren Throop said.

Value: $105,000

Value: £69,000

Value: £64,800

Value: £64,500

Value: £64,500

Value: £43,650

Value: £29,988

Value: £18,550

Value: £13,200

Value: £11,300

Value: £208,500