WBTS Forum http://wbts-forum.org/ Thu, 22 Jul 2021 17:34:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://wbts-forum.org/wp-content/uploads/2021/04/default1.png WBTS Forum http://wbts-forum.org/ 32 32 Ross McArthur moves from administration to German takeover https://wbts-forum.org/ross-mcarthur-moves-from-administration-to-german-takeover/ https://wbts-forum.org/ross-mcarthur-moves-from-administration-to-german-takeover/#respond Thu, 22 Jul 2021 17:00:00 +0000 https://wbts-forum.org/ross-mcarthur-moves-from-administration-to-german-takeover/ Dunfermline: Ross McArthur moves from administration to German takeover Calendar An icon of a desk calendar. To cancel An icon depicting a circle with a diagonal line across. Caret A block arrow icon pointing right. E-mail An icon of a paper envelope. Facebook A Facebook “f” brand icon. Google A Google “G” brand icon. Linked […]]]>




Dunfermline: Ross McArthur moves from administration to German takeover


































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Focus Home Interactive: Revenue of € 41.2m in Q1 2021/22 https://wbts-forum.org/focus-home-interactive-revenue-of-e-41-2m-in-q1-2021-22/ https://wbts-forum.org/focus-home-interactive-revenue-of-e-41-2m-in-q1-2021-22/#respond Thu, 22 Jul 2021 16:14:00 +0000 https://wbts-forum.org/focus-home-interactive-revenue-of-e-41-2m-in-q1-2021-22/ PARIS–(COMMERCIAL THREAD) – Regulatory news: INTERACTIVE HOME FOCUS (Paris: ALFOC) (FR0012419307 ALFOC), a leading French player in the video game industry, announced its first quarter 2021/22 revenue for the period ending June 30, 2021. Revenue for fiscal year 2020/21 In millions of euros Unaudited Q1 2021/22 Q1 2020/21 Variation Catalog 17.0 37.1 -54% Back to […]]]>

PARIS–(COMMERCIAL THREAD) – Regulatory news:

INTERACTIVE HOME FOCUS (Paris: ALFOC) (FR0012419307 ALFOC), a leading French player in the video game industry, announced its first quarter 2021/22 revenue for the period ending June 30, 2021.

Revenue for fiscal year 2020/21

In millions of euros

Unaudited

Q1 2021/22

Q1 2020/21

Variation

Catalog

17.0

37.1

-54%

Back to catalog

23.8

27.1

-11%

Deck 13

0.3

Group

41.2

64.3

-36%

Christophe Nobileau, Chairman of the Management Board, declared:Although the health context and the successive confinement period allowed us to achieve very good performances in 2020/21, they weighed heavily on the development of our future games. In line with our long-term growth ambitions, we have decided to postpone the release of certain games in order to guarantee our quality standards and the future success of these titles. This has an immediate impact on our 2021/22 revenue target, which is now deferred to 2022/23 on a like-for-like basis. At the same time, we are actively pursuing our search for external growth opportunities by relying on our financial capacity (more than 200 million euros), while maintaining a reasoned approach in terms of prices. We are convinced that these decisions strengthen our Group and its ability to create value ”.

John Bert, Managing Director, added: We started the year with a slew of game releases in the first quarter. However, the health context strongly impacted our production processes and our upcoming releases for the rest of the year. By deciding to postpone certain games, we are asserting our requirement and demonstrating our position as a responsible publisher, committed to quality and concerned with offering the best possible experience to our players. The Focus teams and our partner studios are strongly committed to the many upcoming launches to make them commercial and critical successes commensurate with those that have made the Group’s history. With the quality partnerships we have recently signed and the ambitious games currently in development, we are confident in the future ”.

Growth in revenue in Q1 2021/22 marked by an exceptional basis for comparison driven by the first period of confinement

Focus Home Interactive’s revenue was down 36% to € 41.2 million in the first quarter of 2021/22. Digital sales are stable and represent 90% of Q1 2021/22 revenue.

This quarter was marked by the exits of Necromunda Hired Gun, Warhammer Age of Sigmar: Storm Ground and Hood Outlaws & Legends. While Necromunda’s Gun, developed by StreumOn Studio, the Group’s latest acquisition, has met with great success, the other two games have had mixed success.

As for Hood Outlaws & Legends, the teams are currently working on a new game mode (PvE), as well as new content and optimizations that should help boost and improve player engagement and retention. This quarter also saw SnowRunner brought to Nintendo Switch and Steam as well as the launch of season 2. The Group also announced the release of Exodus, a new PC extension for the best-selling title Insurgency: sandstorm. Catalog sales amounted to 17.0 million euros, down 54% compared to last year, which was the highest quarter in the Group’s history.

Back-catalog turnover amounted to 23.8 million euros, down 11% compared to last year, which was also a high basis for comparison. This first quarter of 2021/22 was marked by SnowRunner, World War Z and Greedfall good performance.

Perspectives

Due to the health context, which strongly impacted the game’s development process, Focus Home Interactive has decided to postpone the release of several titles in order to provide the best possible experience for players. The additional development time will allow us to collect other player feedback via playtests and thus improve the optimization and the finishing phases of the games.

Focus Home Interactive’s editorial line is distinguished by innovative concepts and the Group wishes to continue to offer unique experiences to players around the world. The latest releases highlight how quality and user experience are essential in turning game concepts into business successes.

Focus Home Interactive now anticipates revenues:

  • for fiscal year 2021/22 between € 120m and € 150m (at constant scope)

  • for fiscal year 2022/23 between 150 and 200 M € (at constant scope)

In the short and medium term, Focus Home Interactive is developing and financing ambitious games with its German studio Deck13 and its French studio StreumOn, as well as around fifteen partner studios such as Asobo, Saber, Dontnod Entertainment, Tindalos Interactive, etc. will allow its growth story to continue.

New bank financing in place

July 20e, the Group signed a new financing plan of 140 million euros, in addition to the capital increase of 70.4 million euros carried out in May 2021. This new financing is structured as follows

  • Syndicated bank loan of 80 million euros from a pool of 7 banks with a repayable tranche, a bullet tranche and a revolving credit with maturities up to 6.5 years

  • A Euro PP of 50 million euros subscribed to with 3 institutional investors with a maturity of 7 years

  • And a loan of 10 million euros from the BPI.

This new unsecured financing will allow the Group to (i) refinance its current syndicated loan, (ii) respond to its future development projects and (iii) accelerate its international and national growth through acquisitions. The financing consists of a drawn portion and a portion that can be drawn over 36 months depending on investment or external growth needs.

This financing offers the Group many advantages: (i) optimized financing conditions, (ii) reduced amortisable maturities with an increased proportion of end-to-end financing, and (iii) diversification of financing sources with a pool of banks of benchmark, international banks institutional investors.

Events to come

Event

Dated

Annual General Meeting 2021/22

September 23, 2021

2021/22 – 2sd quarterly sales

21 October 2021

2021/22 – 3rre Quarterly sales and HY results

January 20, 2022

2021/22 – 4e quarterly sales

April 21, 2022

2021/22 – Results of the financial year

June 24, 2022

About Focus Home Interactive

INTERACTIVE HOME FOCUS is one of the leading video game publishers and developers in Europe. Its vocation is to support the largest international studios in the development, production monitoring, marketing, sales and financing of their projects. Publisher of strong brands such as The Surge, Vampyr and A Plague Tale: Innocence, the Group achieved a turnover of 171 million euros in 2020/21, up 20% compared to the previous comparable period. FOCUS HOME INTERACTIVE generates 95% of its turnover abroad. For more information visit www.focus-home.com

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FTSE 100 Movers: Flutter Amplified by Upgrade; Unilever collapses https://wbts-forum.org/ftse-100-movers-flutter-amplified-by-upgrade-unilever-collapses/ https://wbts-forum.org/ftse-100-movers-flutter-amplified-by-upgrade-unilever-collapses/#respond Thu, 22 Jul 2021 14:25:55 +0000 https://wbts-forum.org/ftse-100-movers-flutter-amplified-by-upgrade-unilever-collapses/ London’s FTSE 100 was down 0.4% to 6,969.97 in afternoon trading on Thursday. Flutter Entertainment instead was at the top of the index after an upgrade to “outperform” sector performance “at RBC Capital Markets. Group 3i posted solid gains after saying it got off to a good start to the year as its Action retail […]]]>

London’s FTSE 100 was down 0.4% to 6,969.97 in afternoon trading on Thursday.

Flutter Entertainment instead was at the top of the index after an upgrade to “outperform” sector performance “at RBC Capital Markets.

Group 3i posted solid gains after saying it got off to a good start to the year as its Action retail business recovered from the impact of the pandemic.

Unilever collapsed as the consumer goods conglomerate reported higher-than-expected underlying sales growth for the second quarter, but lowered its full-year operating margin forecast due to rising costs.

NatWest was also lower after the government announced plans to sell up to 15% of its stake in the bank over the next year. The move accelerates plans to return the banking group, formerly known as Royal Bank of Scotland, to private ownership. NatWest has been state-controlled since its bailout in the aftermath of the 2008 financial crisis.

Home builder Khaki was behind because it was trading without dividend rights.

FTSE 100 – Risers

Flutter Entertainment (CDI) (FLTR) 12,950.00 p 4.18%
Group 3i (III) 1,252.00p 3.30%
Entain (ENT) 1,849.00p 3.18%
Intermediate capital group (ICP) 2 198.00 p 3.14%
Barratt Developments (BDEV) 718.40p 2.75%
Taylor Wimpey (TW.) 163.10p 2.51%
International Consolidated Airlines Group SA (CDI) (IAG) 173.34p 2.31%
Royal Mail (RMG) 527.80p 2.25%
Ocado Group (OCDO) 1,826.50p 2.24%
Melrose Industries (MRO) 155.45p 1.97%

FTSE 100 – Fallers

Unilever (ULVR) 4057.50p -5.71%
Khaki (PSN) 2,911.00p -3.32%
Reckitt Benckiser Group (RKT) 6 170.00 p -3.02%
NATWEST GROUP PLC ORD 100P (NWG) 196.05p -1.75%
VAN of Pershing Square Holdings Ltd (PSH) 2,580.00 p -1.71%
Rio Tinto (RIO) 5,874.00p -1.62%
British Land Company (BLND) 503.40p -1.10%
National network (NG.) 911.60p -1.07%
Place Saint-Jacques (STJ) 1 506.00p -0.86%
Rolls-Royce Holdings (RR.) 96.28p -0.74%


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Our kids will be worse off financially than us, according to survey of adults in 17 major economies https://wbts-forum.org/our-kids-will-be-worse-off-financially-than-us-according-to-survey-of-adults-in-17-major-economies/ https://wbts-forum.org/our-kids-will-be-worse-off-financially-than-us-according-to-survey-of-adults-in-17-major-economies/#respond Thu, 22 Jul 2021 09:50:08 +0000 https://wbts-forum.org/our-kids-will-be-worse-off-financially-than-us-according-to-survey-of-adults-in-17-major-economies/ A deserted street in New York | Communal room Text size: A- A + New Delhi: A clear majority of adults in 17 advanced economies believe their children will be worse off financially as adults than themselves, a new survey has shown, which seems to indicate the psychological impact of the Covid pandemic. 19 even […]]]>
A deserted street in New York | Communal room

Text size:

New Delhi: A clear majority of adults in 17 advanced economies believe their children will be worse off financially as adults than themselves, a new survey has shown, which seems to indicate the psychological impact of the Covid pandemic. 19 even as the overall picture of economies improves.

According to a survey by the US-based non-partisan fact tank, the Pew Research Center, 68% of adult respondents in economies like the US and UK are pessimistic about their children’s future .

France (77%), Italy (72%), Spain (71%), Japan (77%) and the United States (68%) are among the least optimistic countries. However, 61 percent in Singapore and 50 percent in Sweden have an optimistic view.

The survey was conducted between February 1 and May 26 in 17 countries – Australia, United Kingdom, Sweden, Belgium, South Korea, Japan, France, Netherlands, Germany, Canada, United States, Greece, Italy, Spain, Singapore, New Zealand and Taiwan.


Read also : $ 97 million in 1991 to $ 82 billion in 2021 – how reforms made India a prime destination for FDI


Link with the Covid

the report noted that people who say the Covid crisis has been “mismanaged by their government and those who say the economy is not recovering in a way that shows weaknesses in their economy are more likely to say that the the current economic situation is bad and that the children will be worse off financially than their parents ”.

Pessimism has increased dramatically in some post-Covid countries, including Italy, the United States, Germany, South Korea and Greece.

While Americans and South Koreans are more pessimistic now than since 2013, the UK, Sweden, Australia and the Netherlands have shown a different trend, with respondents becoming more optimistic about the future of their children in 2021 than they were in 2019.

The global economic vision is improved

The survey also explored what people think about the national economic situation in the midst of a pandemic. Opinions varied considerably among the 17 economies, with 52% saying the situation was bad and 48% that it was good.

Sweden (86%), Australia (74%) and New Zealand (73%) are the most promising countries while Spain (87%), Italy (87%) and Japan ( 80%) are the least.

Respondents from Belgium, the United Kingdom and Canada are divided on this point, with a slightly higher percentage believing that the national economic situation is bad.

“Among many audiences, opinions on the national economy are more positive this year than last year. Positive reviews of the economy have increased the most in Australia, where 74% now say the economy is good, down from just 36% in 2020. Positive views have also increased in Sweden and the Netherlands, but even in 2020, majorities in these two countries have always said the economy is good, ”the report mentionned.

Despite several lockdown measures to stop the spread of the coronavirus, views on the economy in Sweden and Australia have never been better before, since investigations began in 2007 and 2008 respectively.

Between 2020 and 2021, with the exception of the United States (down 1%) and Spain (down 2%), all countries showed more hope for economic recovery than the last year.

Opinions about a country’s economic situation were also found to be directly proportional to how respondents thought the pandemic had been handled.

This is especially the case in Germany and Canada, where those who say the epidemic has been managed well in their country are 38 percentage points more likely to say the economy is good compared to those who say the epidemic has been managed well in their country. ‘epidemic has been mismanaged,’ the report says. .

(Edited by Amit Upadhyaya)


Read also : Asian Development Bank cuts India’s economic growth forecast to 10% for fiscal 2022


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