Feb 5, 2021
Investors’ Chronicle: Frontier Developments, BP, Vodafone
What's more, spending in the global video games market is expected to grow, rising 9 per cent in 2020 and at a compound annual rate of 8 per cent until 2023, according to games research provider Newzoo. BP announced this week it would sell 20 per cent of the Block 61 asset in Oman for $2.6bn, to Thai state company PTT Exploration and Production Public Company. Shares in Vodafone rose more than 4 per cent on release of its third-quarter figures, writes Harriet Clarfelt. Organic service revenue rose 0.4 per cent to €9.4bn for the third quarter ending December 31, with Germany up 1 per cent to €2.9bn and the group's Vodacom business up 3.3 per cent to €1.1bn. By comparison, total organic service revenue dipped 0.4 per cent in the second quarter and 1.3 per cent in the first. The upshot is that, in aggregate, non-financial firms' retained profits have exceeded their investment - by 1.4 per cent of GDP in the third quarter of last year.
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