Game firm's shares slump on forecast
SHARES in Game Group, which employs 6,500 people across Ireland and the UK, dropped as much as 12pc yesterday after the electronic-games retailer lowered its sales forecast for this fiscal year, saying the industry is doing worse than expected.
Electronic games industry sales have been declining pending the introduction of new consoles.
Allianz commits to paralympians
ALLIANZ Ireland has announced that it is to become an official sponsor to Paralympics Ireland in a two-year deal. After five years as Gold Patron of the International Paralympic Committee (IPC), Allianz has now become the organisation's first 'International Partner'. "We are very excited by Allianz's plans to promote the awareness of the elite sporting success of Irish Paralympians in the build up to the London 2012 Paralympic Games," said Paralympics Ireland CEO Liam Harbison.
Auction for latest mobile networks
FRANCE has started auctions for frequencies to build high-speed fourth generation mobile telephone networks needed to keep up with the explosion of Internet-capable smartphones. Bandwidth in the 800 megahertz and 2.6 gigahertz range are on the block, with minimum bids set at €2.5bn. Bids for 2.6 gigahertz frequencies close on September 15, while bidding for the 800 megahertz frequencies closes on December 15.
French banks' credit ratings threatened
BNP Paribas, France's biggest bank, and local rivals Societe Generale and Credit Agricole, may have their credit ratings cut by Moody's Investors Service because of their investments in Greece. Moody's placed the three banks' ratings on reviews that will focus on their holdings of Greek public and private debt "and the potential for inconsistency between the impact of a possible Greek default or restructuring and current rating levels".