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STOCKS NEWS EUROPE-Ubisoft sinks on games delays, profit warning

Reuters - UK Focus

Shares in Ubisoft tumble 30 percent in early trade after the French videogame publisher warns on profit and postpones two key games, Watch Dogs and The Crew, until next year.

At 0720 GMT, Ubisoft shares are down 27.9 percent at 8.00 euros after having been briefly suspended at the market's opening.

"The real problem with the postponement of Watch Dogs is that Ubisoft will miss the end-of-the-year holidays season and that the group loses credibility," Aurel BGC writes in a note to clients.

To see a statement, please click

Reuters messaging rm://natalie.huet.thomsonreuters.com@reuters.net