Monitise says has not sold Americas business
3rd Jan 2017 12:12
(ShareCast News) - Monitise said on Tuesday that it has not sold its Americas business unit. The AIM-listed specialist in financial services technology noted an announcement on the Checkalt Digital website suggesting that it has bought Monitise Americas and clarified that no such transaction has tak
Read moreMonitise reports on tough turnaround year
8th Sep 2016 10:51
(ShareCast News) - Financial services digital technology company Monitise announced its preliminary results for the financial year to 30 June on Thursday, which it said confirmed a "substantial improvement" in operating figures in the second half. The AIM-traded firm said its new business unit, FINK
Read moreMonitise no longer in discussions over content business
31st May 2016 07:48
(ShareCast News) - AIM-listed mobile payments processor Monitise said discussions regarding a possible sale of its content business, Markco Media, have now ended. Monitise had announced in early March that it was in very early stage discussions regarding a possible disposal. However, the company sa
Read moreMonitise confirms early stage talks to sell content business
4th Mar 2016 14:16
(ShareCast News) - AIM-listed mobile payment processor Monitise confirmed on Friday that it is in very early stage discussions regarding a possible disposal of the content business, Markco Media. "There is no certainty that a disposal will take place or what the terms of any such disposal may be," i
Read moreMonitise predicts positive earnings after massive write-offs
12th Feb 2016 10:45
(ShareCast News) - First-half results from Monitise showed underlying losses cut by a third as the painful restructuring of the financial software group grinds towards what is expected to be a profitable second half. However, reported operating losses before tax ballooned to £211.6m compared to £58.
Read moreMonitise plunges on wider annual loss, CEO to step down
9th Sep 2015 08:08
(ShareCast News) - Shares in Monitise plunged over 25% early on Wednesday, after the mobile money group posted a wider annual loss. In the 12 months to 30 June, the group posted a loss before tax of £227.4m compared with a £63.4m loss in the previous year, while revenue slid 6% year-on-year to £95.1
Read moreMonitise suffers after Visa Europe plans to cut stake
8th Jul 2015 11:57
Monitise shares were hit by news on Wednesday that Visa, a major shareholder and business partner since 2011, was going to reduce its shareholding in the mobile banking specialist over time. Visa Europe's stake represents 5.3% of Monitise's equity. Monitise, which earlier this year failed in its hu
Read moreMonitise lowers revenues forecast for the full year
6th Jul 2015 13:56
Monitise, a mobile banking and payments service group, said its revenues will be lower than previously expected due to a "difficult year". The company expects full-year revenue to be between £88-90m, below previous guidance of £90-100m announced in March. However, it also anticipates operating and
Read moreMonitise drops 5% after Jefferies downgrade to 'hold'
24th Jun 2015 12:34
Shares in mobile banking software group Monitise slumped 5% on Wednesday after Jefferies downgraded the stock to 'hold' from 'buy' and slashed its price target to 1,500p from 3,600p. "With new customer wins thin on the ground and recent wins likely to take some time to convert into material end-user
Read moreMonitise fails to find buyer, founder steps down but partners remain supportive
25th Mar 2015 09:12
Mobile money innovator Monitise has failed to find a buyer as part of its strategic review, with Elizabeth Buse to lead the group as chief executive as founder and joint-chief executive Alistair Lukies steps down. Buse, a former European executive vice president at Visa, will be joined on the board
Read moreMonitise 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 finan
Read moreMonitise encouraged by talks despite wider losses, as buyers circle
17th Feb 2015 07:24
Although losses nearly trebled in the first half, mobile banking and payments group Monitise reiterated its confidence in turning profitable next year and said it had "constructive discussions with market-leading players interested in our business". The AIM-listed company, which is carrying out a co
Read moreFriday tips round-up: Standard Life, Monitise
23rd Jan 2015 22:12
Shareholders in Standard Life are sitting pretty after the relevant authorities cleared the way for the firm to payout £1.75bn in cash. That comes in the wake of the £2.2bn sale of its Canadian arm last September. That will result in a large outflow of capital, which will nonetheless be compensated
Read moreMonitise begins strategic review after profit warning
22nd Jan 2015 09:24
Mobile banking technology provider Monitise could put itself up for sale after warning that sales growth would be flat in the full year. The AIM-listed company, which is in the midst of transforming its business to a product-based recurring revenue model, said full year revenue was expected to be be
Read moreMonitise signs new mobile banking contract with Virgin Money
5th Dec 2014 08:25
Mobile payments group Monitise has signed a seven-year deal with Virgin Money to help develop its digital banking services. The agreement, which extends a commercial relationship between the two companies that has been in place since December 2013, will see Virgin use Monitise's Mobile Money network
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