The group behind two of the world's most famous film studios announced today it was planning a stock market flotation.

Pinewood Shepperton, owner of the Pinewood and Shepperton studios near London, announced it was intending to seek a listing on the main market of the London Stock Exchange.

The group was formed after a management team led by former Channel 4 executive Michael Grade bought Pinewood Studios from the Rank Group in 2000 and then purchased Shepperton Studios in February 2001.

Pinewood Studios started film production in 1936 following the involvement of J Arthur Rank and has been the setting for more than 650 feature films including Great Expectations, Oliver Twist, Carry On Sergeant and 30 more Carry On films, The Battle Of Britain, Fiddler On The Roof, Superman and Batman.

It has also played host to 17 Bond movies including the latest, Die Another Day, and the two Tomb Raider films.

Shepperton Studios started out in 1932 and has seen more than 700 films produced, including The African Queen, The Guns of Navarone, Oliver!, Gandhi, Four Weddings And A Funeral, Notting Hill, Bend It Like Beckham, Harry Potter and Love Actually.

Thursday April 01, 2004