Entertainment One Copyright: Entertainment One

The latest results from Peppa Pig maker Entertainment One - showing a £43m loss for the first quarter - do not "make for great viewing", says Russ Mould, investment director at AJ Bell.

He says investors in the firm "may be breathing a sigh of relief over its decision to accept a takeover approach from toymaker Hasbro in August".

“While the takeover was always likely to be approved, today’s update will sharpen shareholders minds with many likely feeling a bid came just in time.

“And the hope now must be that there are no issues over the regulatory approval of the transaction.”