Finablr shares suspended as it warns it could go bust
16th Mar 2020 11:53
(Sharecast News) - Trading in shares of Travelex owner Finablr was suspended on Monday after the company warned it could go bust as it announced the discovery of $100m of cheques that had not previously been disclosed, along with the departure of its chief executive.
Read moreFinablr in urgent cashflow review due to NMC and coronavirus
12th Mar 2020 07:39
(Sharecast News) - Finablr shares plunged by a third after the owner of Travelex said it was reviewing its liquidity and cashflow urgently under pressure from the NMC Health scandal and the coronavirus outbreak.
Read moreFTSE 250 movers: Finablr wacked on account of NMC, Premier Oil lower
10th Mar 2020 14:53
(Sharecast News) - Payments and foreign exchange platform Finablr was the worst performer on the second-tier index after UAE-focused hospital operator, NMC Health, disclosed, shortly before the close of trading, that its debt pile was nearer the $5bn mark and not the $2.1bn that it reported on 30 June 2019.
Read moreTravelex ratings lowered on debt, corporate governance worries
4th Mar 2020 23:55
(Sharecast News) - Troubled money transfer company Travelex had its credit rating downgraded on Wednesday by S&P which expressed concerns over corporate governance and debt levels.
Read moreFinablr warns of ?25m hit to earnings following cyber attack
2nd Mar 2020 11:03
(Sharecast News) - Financial services specialist Finablr has warned on first-quarter profits after a cyber attack and the outbreak of coronavirus rocked its foreign exchange business Travelex.
Read moreFinablr's independent directors ask founder to clarify stake in payments platform
19th Feb 2020 15:53
(Sharecast News) - Two of Finablr's independent directors have formally asked the company's founder and his family to clarify their holdings in the payments and foreign exchange platform's shares.
Read moreNMC confirms bid approaches from KKR, GK Investment
10th Feb 2020 07:10
(Sharecast News) - NMC Health confirmed it had received "highly preliminary" approaches from Kohlberg Kravis Roberts & Co and GK Investment to buy the company as its founder and a major shareholder were forced to step back from the board after their shareholdings had been reported incorrectly to the market.
Read moreNMC Health knows 'no specific reason' for Monday's slump
4th Feb 2020 07:39
(Sharecast News) - Following a more than 20% slump in its share price the day earlier, NMC Health said on Tuesday that it was not aware of any specific reason for the fall.
Read moreFinablr tumbles after shares pledged for borrowings by Travelex
24th Jan 2020 12:32
(Sharecast News) - Shares in payments company Finablr tumbled after it said that more than half of its stock had been pledged as security for borrowings by Travelex.
Read moreFinablr says no material impact from ransomware attack on Travelex
8th Jan 2020 07:44
(Sharecast News) - Travelex owner Finablr said on Wednesday that there would be no material financial impact from the software virus that led to the foreign exchange business being taken offline last week.
Read moreTwo top NMC Health shareholders selling stock to pay back debts
7th Jan 2020 20:55
(Sharecast News) - Two of NMC Health's main shareholders will sell down their holdings in a bid to reduce their indebtedness, including that of corporate entities owned by them.
Read moreFinablr says no reason for sharp share price fall
18th Dec 2019 07:59
(Sharecast News) - Cross-border payments company Finablr said there was no financial or operational reason for the recent volatility in its share price.
Read moreFinablr backs guidance as income grows
11th Nov 2019 07:45
(Sharecast News) - Finablr on Monday reaffirmed its guidance as it posted income growth for the first nine months of the year and highlighted recent partnership wins.
Read moreAirtel Africa buddies up with Finablr to improve international payments
22nd Oct 2019 10:10
(Sharecast News) - Airtel Africa on Tuesday partnered with Finablr in order to develop a "seamless" cross-border payments system for the former company's mobile money operations.
Read moreFinablr launches money transfer service with Samsung Pay
3rd Oct 2019 07:36
(Sharecast News) - Payments platform provider Finablr announced the launch of a money transfer feature in Samsung Pay on Thursday, alongside Samsung Electronics America.
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