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Devolver Dig. S (DEVO) Share News

LONDON MARKET CLOSE: FTSE 100 declines but pound perks up after BoE

3rd Aug 2023 16:54

(Alliance News) - Equities in Europe closed lower on Thursday, with markets still unsteady after a US credit rating cut on Wednesday, though London-listed property firms got a slight boost, on the view that the end of the Bank of England's hiking cycle is in sight. Read More

LONDON MARKET MIDDAY: Pound under pressure after BoE hike

3rd Aug 2023 12:17

(Alliance News) - European equities went into Thursday afternoon on the back foot, extending losses suffered on Wednesday following a US credit rating cut from Fitch, while the pound struggled to make headway after the Bank of England raised rates by 25 basis points, as expected. Read More

IN BRIEF: Devolver "disappointed" as only break-even expected in 2023

3rd Aug 2023 10:55

Devolver Digital Inc - Austin, Texas-based digital publisher and developer of indie video games - Says performance in the first half of 2023 has been negatively impacted by delays to new title releases, a reduction in revenue from subscription deals and a lower contribution from its back-catalogue. As a result, now expects normalised adjusted earnings before interest, tax, depreciation and amortization to be negative in the half. For the full-year, normalised adjusted Ebitda is expected to be "at least" break-even. Normalised Ebitda is expected to return to growth in 2024 and accelerate in 2025. Read More

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