Toy maker Hasbro may buy DreamWorks, Virgin Money floating today and ASDA to announce profits

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Toy maker Hasbro may buy DreamWorks, Virgin Money floating today and ASDA to announce profits
13th November 2014

News has emerged that Hasbro are in talks to acquire DreamWorks, who are  valued at around £1.9billion. The move may be prompted by the enormous success of the Lego Movie over the summer. 

Challenger bank Virgin Money floats today. Richard Branson, who owns a 46% stake in Virgin Money stands to make a  substantial profit from the flotation, but the move has been criticised as being in poor taste coming so soon after the recent Virgin Galactic crashes. 

ASDA, who are owned by Walmart, will announce their profits in the middle of the day. ASDA have been resilient to the rise of Aldi and Lidl as they’re well established for their low prices, so it is expected their profits will be fairly flat, unlike the recent dramatic drops seen with Sainsbury’s and Tesco. It is a big day for ASDA tomorrow with black Friday, which sees price slashes on electricals. 

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