STOCKS NEWS EUROPE-Handmade jumps on restart after deals

Mon Oct 26, 2009 9:53am GMT
 
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Shares in Handmade (HMF.L) restarts trading after a long suspension with a gain of over 30 percent after the film entertainment company on Friday annouced plans to raise 17 million pounds via a placing of shares and loan stock and signed several deals.

Handmade suspended trading in its shares on AIM on June 30 saying it was in talks regarding multiple corporate transactions and associated funding.

On Friday, Handmade also published outstanding full-year and interim results, announced a joint venture with National Geographic, along with the acquisitions of U.S. animation firm Animation Collective, and the rights to books written by Sarah Ferguson, the Duchess of York.

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Reuters messaging rm://shivani.singh.thomsonreuters.com@reuters.net

 

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