SHAREWATCH: Ubisoft stock jumps 6%

Ubisoft’s share price has jumped by over six per cent at last count - off the back of yesterday’s increase in its annual sales forecast.

The publisher announced that better-than-expected sales of titles such as Tom Clancy’s Rainbow Six Vegas 2 had raised expectations – and the financial market has responded accordingly.

“We've had only good news from Ubisoft,'' Nathalie Pelras, a fund manager at Richelieu Finance in Paris, which oversees $6.3 billion, told Bloomberg.

“It has blockbusters that are doing well and that justifies the premium'' of the stock price.”