Merlin Entertainments shares close 10% up

Merlin EntertainmentsShares in Merlin Entertainments have closed more than 10% up after their first day of trading on the London Stock Exchange.

Conditional trading of the £3.15 shares was launched at 8am this morning, and by the end of the day they had grown to £3.48 each.

Those who applied for the £1,000 minimum today received 317 shares in the company, with general trading, open to all, scheduled to begin next week.

Shares briefly hit £3.55 each during the day, but generally hovered at around 8% or 9% up on the launch price.