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Nov 16 (Reuters) - Swedish games developer Embracer (EMBRACb.ST) topped second-quarter operating profit expectations on Thursday, aided by its restructuring efforts, sending its shares up more than 11%. The group, which owns the rights to the Tomb Raider and Lord of the Rings games, reported a 14% drop in adjusted operating profit to 1.8 billion Swedish crowns ($170.2 million) in the quarter through September, but beat analysts' forecast of 1.62 billion crowns. The decline was mainly due to a lower contribution from PC and console games, it said. It announced major restructuring plans in June, after a $2 billion partnership deal with an undisclosed company fell through in May. Embracer's shares have lost nearly a half of their value since it warned on profit in May.

Persons: Embracer, Hans, Marius Ludvigsen, Lars Wingefors, Wingefors, Jesus Calero, Milla Nissi, Sharon Singleton, David Evans Organizations: The Entertainment, Services, Reuters, Thomson Locations: Swedish, Embracer, U.S, Gdansk

☆ U.S. supports Finland, Estonia as it probes Baltic Sea pipe burst, says Blinken
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

The picture provided by The Finnish Border Guard shows Finnish Border Guard's offshore patrol vessel Turva guarding on October 11, 2023 at sea near the place where damaged Balticconnector gas pipeline is pinpointed at the Gulf of Finland. Lehtikuva/FINNISH BORDER GUARD via REUTERS/File photo Acquire Licensing RightsOct 12 (Reuters) - U.S. Secretary of State Antony Blinken said on Thursday the United States would support Finland and Estonia as they probe damage to a gas pipeline and a telecommunications cable under the Baltic Sea. Location of damaged gas pipeEarlier on Thursday, Finnish intelligence said it could not rule out the possibility of a "state actor" being involved in damaging the infrastructure. "Involvement of a state actor in this job cannot be ruled out," Finnish Security Intelligence Service Director Antti Pelttari told reporters. A chief investigator also said that it currently looked like the damage was caused by "mechanical force", not an explosion.

Persons: Antony Blinken, Blinken, Finland's Gasgrid, Antti Pelttari, Elviira, Niklas Pollard, Gwladys, Terje Solsvik, Mark Potter, Deborah Kyvrikosaios Organizations: Finnish Border Guard, GUARD, REUTERS, NATO, NATO Allies, Security Intelligence, Thomson Locations: of Finland, States, Finland, Estonia, Baltic, Brussels, NATO Allies Finland

Feb 15 (Reuters) - Finnair (FIA1S.HE) reported a second straight quarterly operating profit on Wednesday as the impact of COVID-19 lockdowns eases on its key Asian business, and said it looked forward to potentially "huge" demand from the Chinese market. In the fourth quarter, 31.2% of its passenger revenue came from Asian traffic, versus 41.1% in the same period in 2019. Finnair said it expects to significantly increase its 2023 revenue compared with the previous year, but not yet to reach pre-pandemic levels. Its comparable operating profit reached 17.9 million euros ($19.2 million) in the fourth quarter, against a loss of 65.2 million a year earlier. Finnair shares were up 1.1% at 0.5345 euros by 1506 GMT, after rising as high as 0.5520, their highest since February 2022.

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