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The Guardian - UK
The Guardian - UK
Business
Katie Allen

Games Workshop jumps ahead of results

Fantasy gaming group Games Workshop has enjoyed a 16% leap in its shares today following upbeat weekend press comment and positive analyst remarks ahead of its results tomorrow.

The shares are up 45p, or 16.4%, to 320p - putting them at their highest since September 2007.

The company reports full-year results on Tuesday and already guided the market in June that profits are "likely to be ahead of market expectations."

David O'Brien at Altium says in his results preview:

"The recovery in trading within the core war gaming business suggests that further upgrades are likely before the year is out. On this basis we have retained our BUY recommendation."

The retailer is faring better than many of its bigger high street rivals today. Next is down 55p, or 3.2%, at £16.40, Marks and Spencer is 2.7% lower at 329.75p and Debenhams is 4p, or 4.5%, lower at 85.75p.

As for the FTSE 100, that 11-day winning streak continues to look under threat with the index now in negative territory and US futures pointing to a bit of a dull start on Wall Street. The Uk index of bluechips is currently down 5 points at 4,571.7.

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