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Videogame firms hit with EU complaint over 'tricking consumers'

UPDATE 1-Videogame firms hit with EU complaint over 'tricking consumers' Adds Video Games Europe comment, companies did not immediately respond to requests for comment paragraphs 8-11 By Foo Yun Chee BRUSSELS, Sept 12 (Reuters) - Videogame companies Epic Games, Electronic Arts EA.O , Roblox RBLX.N and four others were hit with an EU consumer complaint on Thursday accusing them of misleading gamers into spending money.
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Videogame firms hit with EU complaint over 'tricking consumers'

UPDATE 1-Videogame firms hit with EU complaint over 'tricking consumers' Adds Video Games Europe comment, companies did not immediately respond to requests for comment paragraphs 8-11 By Foo Yun Chee BRUSSELS, Sept 12 (Reuters) - Videogame companies Epic Games, Electronic Arts EA.O , Roblox RBLX.N and four others were hit with an EU consumer complaint on Thursday accusing them of misleading gamers into spending money.
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Videogame firms hit with EU complaint over 'tricking consumers'

Videogame firms hit with EU complaint over 'tricking consumers' By Foo Yun Chee BRUSSELS, Sept 12 (Reuters) - Videogame companies Epic Games, Electronic Arts EA.O , Roblox RBLX.N and four others were hit with an EU consumer complaint on Thursday accusing them of misleading gamers into spending money. The move came amid rising concerns about children turning into gaming addicts, with some parents claiming videogame makers intentionally designed products that caused them to become addicted to game
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Analysts flag risks to Ubisoft earnings, debt after new games' sluggish performance

BUZZ-Analysts flag risks to Ubisoft earnings, debt after new games' sluggish performance ** Ubisoft UBIP.PA shares fall for the fifth consecutive day as the weaker-than-expected performance of its latest games raise concerns over its finances ** Shares in Ubisoft, trading at 10-year lows, fall about 3% on Wednesday ** After a year with an "outperform" rating, Exane BNP Paribas cuts Ubisoft to "neutral" citing the much weaker-than-expected performances of the new AAA and free-to-play initiatives
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BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M
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In online entertainment, MS still prefers music over video games

BUZZ-In online entertainment, MS still prefers music over video games ** Within online entertainment, Morgan Stanley continues to prefer music over video games, with the former being "dramatically undermonetised" and heading for a re-pricing cycle, and the latter having a generally bearish backdrop ** MS says Universal Music UMG.AS ("overweight") is well placed to capitalise on strong structural growth in music, with margin accretion and improving FCF conversion ** It however cuts UMG's PT by 6.
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European shares rebound from dour week with central banks in focus

UPDATE 2-European shares rebound from dour week with central banks in focus STOXX 600 up 0.8% Entain up after beginning H2 ahead of expectations Ubisoft biggest STOXX 600 decliner Adidas falls after Barclays downgrades rating Updated at 1610 GMT By Pranav Kashyap and Lisa Pauline Mattackal Sept 9 (Reuters) - European bourses rose on Monday, recovering from steep declines the previous week as focus shifted to an anticipated interest rate cut from the European Central Bank on Thursday.
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Game developer Ubisoft slides amid muted reception for 'Star Wars Outlaws'

Game developer Ubisoft slides amid muted reception for 'Star Wars Outlaws' By Alban Kacher Sept 3 (Reuters) - Shares in French video game maker Ubisoft UBIP.PA fell on Tuesday for a second consecutive day following a sluggish performance of its two recent releases, including the long-awaited "Star Wars Outlaws". The shares, which closed 5.1% lower on Monday, were down 2.4% by 1114 GMT, trading at their lowest levels since 2015 and adding to their over 30% drop since the start of the year.
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Draegerwerk, Hikma, Novartis

EUROPE RESEARCH ROUNDUP-Draegerwerk, Hikma, Novartis Sept 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Draegerwerk, Hikma and Novartis, on Tuesday. HIGHLIGHTS * Draegerwerk DRWG.DE : Jefferies raises to hold from underperform * Hikma HIK.L : Berenberg raises to buy from hold * Munters Group AB MTRS.ST : Jefferies raises to buy from hold * Novartis AG NOVN.S : Jefferies cuts to hold from buy * Swedencare AB (Publ) SECARE.ST : J
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Changes To STOXX 600 Index As Of Sept. 23

BRIEF-Changes To STOXX 600 Index As Of Sept. 23 Sept 2 (Reuters) - STOXX Ltd.: ANNOUNCED ON MONDAY NEW COMPOSITION OF THE STOXX EUROPE 600 INDEX COMPANIES ADDED TO THE INDEX: PUIG BRANDS B PUIGb.MC , BAVARIAN NORDIC BAVA.CO , SHAFTESBURY CAPITAL SHCS.L , CVC CAPITAL PARTNERS CVC.AS AND FINANCIERE DE TUBIZE TUB.BR COMPANIES DELETED FROM INDEX: FLUTTER ENTERTAINMENT FLTRF.L , UBISOFT ENTERTAINMENT UBIP.PA , THYSSENKRUPP TKAG.DE , FORVIA FRVIA.PA , INDIVIOR INDV.L CHANGES EFFECTIVE AS OF SEPT.
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Newzoo tempers global game market forecast amid sluggish console sales

Newzoo tempers global game market forecast amid sluggish console sales Aug 13 (Reuters) - Research firm Newzoo dialed back its annual growth forecast for the global videogame market on Tuesday, as console sales underperform amid a relatively light release schedule of games this year. WHY IT'S IMPORTANT The gaming industry went through a tumultuous first half of the year, fraught with mass layoffs , studio shutdowns and project cancellations arising out of weak gamer spending.
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Electronic Arts forecasts upbeat second-quarter bookings on 'College Football' strength

UPDATE 2-Electronic Arts forecasts upbeat second-quarter bookings on 'College Football' strength Adds analyst comment in paragraph 5, details from conference call in paragraphs 6,7 By Zaheer Kachwala July 30 (Reuters) - Videogame publisher Electronic Arts EA.O forecast second-quarter bookings above analysts' expectations on Tuesday, citing robust sales of its popular titles such as "EA FC 24".
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Electronic Arts forecasts second-quarter bookings above estimates

Electronic Arts forecasts second-quarter bookings above estimates July 30 (Reuters) - Video-game publisher Electronic Arts EA.O forecast second-quarter bookings above analysts' expectations on Tuesday, citing robust sales of its popular titles such as "EA FC 24". EA's optimistic forecast suggests the firm is benefiting from increased spending on its popular sports games like the newly released "EA Sports College Football 25", indicating a potential rebound in the gaming industry after a prolonge
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Europe's STOXX 600 logs weekly decline as tech, resources shares weigh

UPDATE 2-Europe's STOXX 600 logs weekly decline as tech, resources shares weigh For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 down 0.8% Global cyber outage causes chaos Sartorius drops on annual forecast cut Danske Bank gains after Q2 net profit beat Updated at 1600 GMT By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan July 19 (Reuters) - European shares clocked weekly losses as a selloff in technology shares, some down
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'The Force is weak' - Ubisoft slumps on Q1 miss, weak Q2 view

BUZZ-'The Force is weak' - Ubisoft slumps on Q1 miss, weak Q2 view ** Shares of Ubisoft UBIP.PA slump ~8% after French video game maker posts smaller-than-expected rise in quarterly net bookings , Q2 forecast below analysts' estimate ** Stock among biggest losers on SBF 120 index .SBF120 ; stock eyes worst day in 2 months ** Q1 net bookings of 290
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 19 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. CASINO CASP.PA : French supermarket group Casino on Thursday confirmed that it is the subject of a preliminary investigation by France's national financial prosecution office over charges of price manipulation and corruption dating back to 2018 and 2019. AIR FRANCE-KLM AIRF.PA : Franco-Dutch airl
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Ubisoft Q1 Net Bookings EUR 290 Million, Up 8.3% YOY

BRIEF-Ubisoft Q1 Net Bookings EUR 290 Million, Up 8.3% YOY July 18 (Reuters) - Ubisoft Entertainment SA UBIP.PA : Q1 NET BOOKINGS EUR 290 MLN VERSUS EUR 300 MLN IN COMPANY-COMPILED CONSENSUS CITED BY TD COWEN Q1 IFRS 15 SALES EUR 323.5 MLN VERSUS EUR 288.9 YEAR AGO, UP 12% OUTLOOK Q2: NET BOOKINGS OF AROUND EUR 500 MLN OUTLOOK 2024/2025 CONFIRMED T
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France's Ubisoft tops guidance for Q1 net bookings on strong GaaS engagement

CORRECTED-France's Ubisoft tops guidance for Q1 net bookings on strong GaaS engagement Corrects July 18 story to say Ubisoft beat its own forecast but missed consensus for net bookings in headline and paragraphs 1 and 4; removes extraneous words in paragraphs 5 and 9 July 18 (Reuters) - French video game maker Ubisoft UBI.PA reported first-quarter net bookings above its own forecast on Thursday, citing robust engagement metrics driven by its Game-as-a-Service (GaaS) franchises.
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US law firm Michael Best expands to California in merger with L.A. firm

US law firm Michael Best expands to California in merger with L.A. firm By Sara Merken July 9 (Reuters) - U.S. law firm Michael Best & Friedrich said on Tuesday that it has absorbed a small Los Angeles firm , adding to an uptick in law firm mergers this year. Milwaukee-founded Michael Best, which has more than 300 lawyers nationally, is entering the California legal market for the first time through its combination with venture capital law firm O&A, P.C.
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STOXX 600 flat as markets assess France's hung parliament prospects

UPDATE 2-STOXX 600 flat as markets assess France's hung parliament prospects For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 flat, energy shares lead losses Britvic gains on deals with Carlsberg Delivery Hero drops after it flags potential antitrust fine Updated at 1600 GMT By Shubham Batra and Shristi Achar A July 8 (Reuters) - European shares were muted on Monday as investors mulled chances of a hung parliament in France afte
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