The company hopes to replace some of the lost revenue by developing its television business, which includes providing the studio for a new series of Gladiators.

The film Sweeney Todd The Demon Barber Of Fleet Street was made at Pinewood.

Chairman Michael Grade said pre-tax profits fell 26 per cent last year to £5.3million. Film revenues fell 13 per cent to £19.5million.

The shares lost 10p to 242dp. Grade, chairman of ITV and former chairman of the BBC, said it had been a “challenging” year, adding: “Delays to production starts and the Writers Guild of America strike, now resolved, impacted film revenues.”

The company was also hit by the weak US dollar and changed tax laws.


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