Monitise jumps on contract wins

26th Feb 2015 11:59

Mobile banking software group Monitise shares jumped on Thursday, after the company won two major multi-year, "multi-million dollar" contract wins.The group did not disclose the value of the contracts or the companies it had signed the deals with, though said one of them was with a "top 10 US financial institution", which represents an extension of its current relationship with the client.Meanwhile, the other contract was with a "major European financial institution".Monitise shares were up 5.78% to 21.95p at 12:11 on Thursday.