Ubisoft Entertainment’s latest set of results revealed delays to some key game releases and a cut to the company’s future guidance. But investment bank Berenberg maintained its ‘Hold’ advice to investors in its July 22nd Flash Note. The company has a number of well-known games in its portfolio, such as Assassins Creed. Ubisoft says an […]
Berenberg Bank has issued a report on the state of the video games sector, and says that demand is “soft” but anticipates improvements in the second-half of this year. The report comes as Sony has paid $250 million for a 1.4 per cent stake in Epic Games (owner of Fortnite), joining Tencent and Disney as […]
A report from investment bank Berenberg suggests that the “hopefully shallow” recession is definitely coming and will affect advertising – but that agencies will not be hit as badly as media. Berenberg expects 2023 to suffer a full-year decline in ad-spend. “Our economics team now forecasts negative economic growth in major Western markets in 2023 […]
LBG Media is a UK-based multi-brand, multi-channel digital content publisher. At its core, LBG creates and distributes bespoke content through its 10 own brands, as well as content from third parties, to generate interactions with its global audience. It has an immense global audience of some 264 million followers, and a report from investment bank […]
Games producer Devolver Digital Games, based in Texas, has had a bad week. It issued a profits warning for the year and suffered a 50 per cent crash in its share price. The concerns drove a sell-off across many PC and console video games as it raised concerns over market congestion, softening market demand and […]
Analysts at Berenberg Bank has issued a positive note to clients on satellite operator SES, saying that while its business is doing well – and its share price reflects this – it still has three key challenges over the next two years. The bank has reiterated its ‘Buy’ rating on SES and raised its target […]
A report from Berenberg on Eutelsat’s current position does not make the best reading. The investment bank says that Eutelsat’s share price has underperformed when compared to SES and unlikely to improve given new CEO Eva Berneke’s statement that Eutelsat’s planned return to growth in 2022-2023 was no longer achievable. Blunt though the bank’s opinion […]
Equity analysts at investment bank Berenberg have upgraded their opinion on media giant Liberty Global. Analyst Carl Murdock-Smith at the bank cited the bank’s rating on Liberty Global shares to ‘Buy’ from ‘Hold’ although kept the target price for Liberty’s stock at $30. Murdock-Smith noted that Liberty enjoys several catalysts, as well as a “consistent […]
The UK government has postponed its planned advertising restrictions on high fat, sugar-rich and salty products (so called HFSS foods). The products were expected to be prohibited in the near future – but now the government says it will look again at the restrictions in a year. The news was a boost for ITV; The […]
Video games giant Ubisoft has reported another disappointing set of numbers in its quarterly results – which resulted in the company reducing its formal guidance. A report on Ubisoft from investment bank Berenberg says that the company’s its Q4/22 trading and net bookings (at €664 million) were 6 per cent short of consensus which translated […]