Lara Croft zaps back

By THIS IS MONEY
Updated:

 

Shares in computer games maker Eidos rose today, extending a rebound from Friday's lows after a company executive took advantage of the depressed share price to raise his stake in the company.

Eidos - which plummeted 37% to a 13-month low on Friday following a profit warning from the company - gained 34% or 8.8% to 420p by 0832, though volume was thin at 391,556 shares.

In a statement, Eidos said its global head of development, Jeremy Heath Smith, had bought 24,679 shares at 402 pence, lifting his stake to 728,534 shares or 0.7% of the total.

Eidos last week warned that demand for products such as the Tomb Raider series featuring explorer Lara Croft would be hard hit by the transition to a new generation of gaming platforms, with players unwilling to buy current stocks. © Reuters

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