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Portfolio Flash News: April

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It’s not always easy to keep track of your investments. Sometimes big news gets hidden in a busy day of business. At other times share prices can lurch for no clear reason.

No matter how big or small, we’ll keep you up to date with all the latest news from the companies in the Investor’s Champion Portfolio in our rolling flash news.

  • 29/04: Endgame breaks all movie records
  • 29/04: A housing boost as demand for rental properties soars
  • 26/04: US tech giant plans to take a stake in Uber

29 April: 

Endgame scoops $1.2bn sales for Walt Disney (US: DIS) in opening weekend

On its opening night, Avengers: Endgame - the 22nd installment in the Marvel Cinematic Universe - made $60m in the US, making it the highest grossing film ever at its domestic opening. It has gone on to break every record in film making.

Domestic sales over its opening weekend ($350m) smashed both expectations and the previous record set by Avengers: Infinity War last year. High demand in China has made it the most successful international film ever. Globally, in its opening weekend Endgame grossed $1.2bn, almost double the previous record and taking it well on its way to becoming the highest grossing film of all time.

The unrivalled success takes the total sales from Marvel movies up to $19.8bn, proving Disney’s $4bn investment in the Marvel studio very worthwhile.

What this means for Walt Disney

Disney’s Studios will enjoy a massive revenue boost in the second quarter of…

Continue reading this article…

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