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Vivendi Confirms 2011 Targets Despite Economic Troubles

By Ruth Bender Of DOW JONES NEWSWIRES PARIS -(Dow Jones)- French telecom-to-entertainment group Vivendi SA (VIV.FR) Wednesday confirmed its full-year targets as strong growth at its video-games and Brazilian telecoms units again helped offset weakness in the company's French telecoms business. "Despite the turbulent economic and financial environment, our operational indicators are increasing. We confirm our full year outlook for adjusted net income above EUR3 billion, and for an increase in the dividend," Chief Executive Jean-Bernard Levy said in a statement. The adjusted profit figure excludes most non-recurring items such as charges relating to acquisitions and mergers. Paris-based Vivendi earlier this year acquired full ownership of French telecoms group SFR, its biggest cash generator, by acquiring the 44% stake in French telecom operator SFR it didn't own from Vodafone Group PLC (VOD) for EUR7.95 billion. However, SFR is struggling amid heightened competition in the French telecoms market, where operators are battling each other ahead of the arrival of Iliad SA's (ILD.FR) Free brand on the mobile market. Still, Vivendi's net profit in the second quarter rose 23% to EUR824 million while adjusted profit rose 12% to EUR884 million, driven by the settlement of a legal dispute in Poland. Adjusted earnings before interest and tax, a closely watched figure that excludes charges relating to acquisitions and mergers, rose 0.3% to EUR1.66 billion in the quarter from EUR1.65 billion last year in the three months ended June 30, above analysts' forecast. Revenue rose 0.2% to EUR7.07 billion, meeting analyst forecasts. Vivendi shares Tuesday closed at EUR16.18. -By Ruth Bender, Dow Jones Newswires; +33 1 40 17 17 54; ruth.bender@dowjones.com Order free Annual Report for Vivendi Universal SA Visit http://djnweurope.ar.wilink.com/?ticker=FR0000127771 or call +44 (0)208 391 6028 Order free Annual Report for Vodafone Group PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB00B16GWD56 or call +44 (0)208 391 6028

Stock News for Activision Blizzard (ATVI)
DateTimeHeadline
06/23/201615:09:34Amended Statement of Ownership (sc 13g/a)
06/23/201606:03:34Statement of Ownership (sc 13g)
06/16/201612:55:00Activision Blizzard's First In-House TV Series to Air on Netflix
06/16/201611:30:00Activision Blizzard Studios Expands Pioneering Skylanders Franchise...
06/15/201617:39:15Statement of Changes in Beneficial Ownership (4)
06/13/201623:06:00Crash Bandicoot® is Back in Skylanders® Imaginators and in R...
06/13/201606:00:00Gaming Brand and Social Media Giant Join Forces on Latest BizWireTV...
06/10/201613:43:00Kit Harington Takes Villainous Turn in Call of Duty: Infinite...
06/09/201619:42:42Statement of Changes in Beneficial Ownership (4)
06/09/201619:34:36Statement of Changes in Beneficial Ownership (4)
06/09/201618:59:03Statement of Changes in Beneficial Ownership (4)
06/09/201618:53:01Statement of Changes in Beneficial Ownership (4)
06/09/201616:42:04Amended Statement of Beneficial Ownership (sc 13d/a)
06/09/201614:51:00Activision Highlights Top Gaming Franchises at Electronic Entertainment...
06/09/201613:00:00Bungie and Activision Unveil Destiny: Rise of Iron
06/08/201609:00:00Call of Duty XP, the Biggest Call of Duty Fan Event in History...
06/06/201617:30:00Blizzard to Add Some Facebook Login and Live-Streaming Features
06/06/201617:13:00Blizzard to Add Facebook Login and Other Features on Some PC...
06/06/201616:33:04Current Report Filing (8-k)
06/06/201610:00:00Blizzard Entertainment and Facebook Team up to Connect Friends...

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