FTSE 100 receives boost from US jobless figures
The blue-chip index closed at 7,512, up 37 points on the day and 143 on the week
Company
LON:KWS
Keywords Studios PLC is an international technical and creative services provider to the global video games industry. Established in 1998, and now with over 70 facilities in 26 countries strategically located in Asia, Australia, the Americas and Europe, it provides services across the entire content development life cycle through its Create, Globalize and Engage service lines to a large blue-chip client base across the globe. Keywords Studios has a strong market position, providing services to 24 of the top 25 most prominent games companies.
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The blue-chip index closed at 7,512, up 37 points on the day and 143 on the week
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The video games services provider said it was confident it would “at least” meet full-year expectations as well
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The analysts pointed out the share price decline has come despite consensus 2017-19 EPS estimates rising by around 6-8% over the past month as a result of three bolt-on acquisitions
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Earlier this week shares in the group hit an all time–high of around 862p, valuing it at just shy of £500mln.
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GameSim generated US$4.1mln of revenue last year and its client list includes Electronic Arts, Zynga, and US Department of Defense.
The UK blue chip index closed down 18.56 points at 7,503
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A look at some of the biggest London-listed risers and fallers today
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"We are delighted to welcome XLOC's talented team to Keywords Studios, having worked well together and recommended each other's solutions across many game titles over several years.”
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
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A glance at some of the stories on the Proactive newswire today
Main share price risers and fallers at 3pm: Hague and London, Flowtech Fluidpower, Nanoco