Game Digital scores profit rise despite revenue drop
21st Mar 2019 10:37
(Sharecast News) - Computer games retailer Game Digital reported that cost-cutting had led to an increase in interim profits, despite a drop in revenue.
Read moreGame Digital hails solid Christmas trading
17th Jan 2019 09:16
(Sharecast News) - Shares in Game Digital rallied on Thursday as it reported a solid performance over the Christmas period.
Read moreGame taps Ray Kavanagh to fill CFO position
12th Oct 2018 08:47
(Sharecast News) - High street retailer Game Digital appointed former House of Fraser executive Ray Kavanagh to the role of chief financial officer on Friday.
Read moreGame Digital remains focussed on cost savings
21st Aug 2018 08:45
(Sharecast News) - Video games retailer Game Digital expects to post broadly flat revenues from the second half of its trading year as first-half profits were dampened by increased sales of lower-margin products and challenges in its pre-owned business.
Read moreLow-margin consoles push GAME Digital Christmas lower
18th Jan 2017 12:42
(ShareCast News) - GAME Digital updated the market on trading ahead of its annual general meeting on Wednesday morning, with group gross transaction value over the peak Christmas trading weeks down 1.6%. The London-listed firm said over the first 23 trading weeks of the year to 7 January 2017, gross
Read moreThursday broker round-up
13th Oct 2016 13:43
(ShareCast News) - Ted Baker: Goldman Sachs keeps at buy with a target price of 3140p. Brown N: HSBC reiterates hold, 205p target. MITIE: Citigroup keeps at neutral with a 280p target. Prudential: Societe Generale reiterates outperform with a 1250p target. Astrazeneca: Jefferies keeps at buy with
Read moreGame Digital FY profit drops amid challenging UK console market
13th Oct 2016 11:07
(ShareCast News) - Game Digital reported a big drop in full-year profit as revenue declined amid a challenging UK trading environment, particularly in consoles. Pre-tax profit slumped 81% to £4.9m in the 53 weeks ended 30 July compared to the 52 weeks ended 25 July, as revenue fell 5.1% to £822.5m.
Read moreGame Digital boosts cash with sale-and-leaseback of HQ
28th Sep 2016 11:10
(ShareCast News) - Game Digital has agreed to sell its head office and distribution centre freehold for £13.5m in a sale-and-leaseback deal. The computer games and consoles retailer, which agreed 17-year lease and an annual rent of £1.06m with purchaser Portsmouth Estates Developments, will record a
Read moreGame Digital earnings likely to disappoint, 2017 to be flat
3rd Aug 2016 10:20
(ShareCast News) - Full year results are likely to be at the low end of forecasts for Game Digital as the retailer continued to endure challenging conditions in its markets. For the 53 weeks to 30 July, revenues will be down by around 6% to £815m, driving roughly a 40% decline in earnings before int
Read moreGame Digital agrees new asset-backed loan facility with main shareholder
21st Apr 2016 11:43
(ShareCast News) - Game Digital has agreed a new £100m asset-backed revolving loan facility with its hedge fund main shareholder Elliott Advisers. Elliott, which bought Spanish and UK assets of Game in 2012, will provide the financing via its Lajedosa Investments vehicle. The agreement, which will
Read moreGame Digital beaten up after slashing dividend
23rd Mar 2016 11:07
(ShareCast News) - Half-time results from video games retailer Game Digital disappointed investors as the 'rebasing' to a lower dividend and shifting consumer demands outweighed the beating of profits guidance issued in January. January's guidance was admittedly a downgrade on the prior year but it
Read moreGame Digital continues investment in e-sports with Spanish acquisition
16th Feb 2016 13:19
(ShareCast News) - Video game retailer Game Digital has strengthened its focus on the growing area of e-sports events by agreeing the acquisition of Spain's SocialNAT for an undisclosed sum. SocialNAT, which will be purchased from the Social Electronica Sports Company SL (SESC) and certain other bac
Read moreGame Digital unwraps better Christmas than feared
13th Jan 2016 10:15
(ShareCast News) - Following a profit warning just before Christmas, computer games retailer Game Digital revealed trading was more stable than it had feared, with improving trends in the UK and Spain. Group gross transaction values, essentially sales excluding VAT and deferred revenues from reward
Read moreSunday newspaper round-up: Retailers, ECB, Floods
27th Dec 2015 18:20
(ShareCast News) - Hedge funds are sharpening their claws ahead of what they hope will be a raft of poor Christmas trading updates from several of the main High Street retailers next week. Their expectation is that a profit warning from Game Digital the day before Christmas Eve and another from Bonm
Read moreBroker tips: Ted Baker, Game Digital, Stagecoach
23rd Dec 2015 13:49
(ShareCast News) - Ted Baker has had its rating cut by Jefferies to 'hold' from 'buy' as mild winter weather, discounting in the US and a slowdown in Asia is expected to slow sales at the luxury fashion retailer. Jefferies has lowered its annual pre-tax profit forecast on the company to £58.6m, in l
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