Team17 Share News (TM17)

Dan Bell appointed new group CEO at Team17

(Sharecast News) - Video games developer Team17 announced the appointment of Steve Bell as its new chief executive officer on Tuesday.

IN BRIEF: Team17 hires marketing agency Iris CEO Steve Bell as new CEO

Team17 Group PLC - Wakefield, England-based video game development company and publisher of educational entertainment apps - Hires Steve Bell as chief executive officer, joining on September 4 as CEO designate. He will resume the role of CEO from January 1. Bell joins from Iris Worldwide Holdings Ltd, a global integrated marketing agency specialising in brand and digital marketing strategy, which he co-founded in 1999. He has been the CEO of Iris since 2021. Prior to this, he worked for the advertising and retail agency Arc Worldwide.

LONDON BRIEFING: BAT's 'glo' doesn't; ABF buys National Milk Records

(Alliance News) - Stocks in London are expected to drift lower at Tuesday's open, after a weak close on Wall Street.

IN BRIEF: Team17 subsidiary completes Independent Arts acquisition

Team17 PLC - Wakefield, England-based video game development company and publisher of educational entertainment apps - Says wholly-owned subsidiary Astragon Entertainment GmbH acquires German development studio, Independent Arts Software GmbH. The acquisition is a "strategic investment" and consideration will be funded from existing cash reserves, with the consideration not disclosed. It is not expected to impact revenue or adjusted earnings before interest, taxes, depreciation, and amortisation.

LONDON MARKET CLOSE: Lingering bank fears cap blue-chip gains

(Alliance News) - Oil stocks and miners pushed London's FTSE 100 higher on Tuesday, as the turmoil from the past fortnight in the banking sector abated.

Team17 revenue surges as company expands

(Sharecast News) - UK-based video game developer and publisher Team17 reported a 52% increase in revenue in its 2022 results on Tuesday, to £137.4m, and a 53% increase in gross profit to £69.6m, with gross profit margins expanding by one percentage point to 51%.

LONDON MARKET MIDDAY: Europe edges higher as banking stress easing

(Alliance News) - Blue-chip shares in Europe drifted off session highs but still were in the green heading into Tuesday afternoon, amid hope that a threatened global banking crisis is being kept in check.

Team17 CEO Bestwick to leave post; yearly profit declines

(Alliance News) - Team17 Group PLC on Tuesday reported a yearly profit fall and said its chief executive will step down once a replacement is found.

AIM WINNERS & LOSERS: Unbound soars on potential takeover offer

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

UK earnings, trading statements calendar - next 7 days

SUMMARY: London listings with exposure to Silicon Valley Bank

(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News:

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Team17 jumps on forecast-busting performance

(Sharecast News) - Video games label, creative partner, developer and publisher Team17 said in an update on Wednesday that it traded "strongly" in the second half of 2022, with multiple new first- and third-party titles released, extended games distribution to wider platforms, and "strong support" across its portfolios with additional new content updates.