Monitise raises £49.2m amid new share issue
27th Nov 2014 11:04
British holding company Monitise PLC said Santander Group, Telefónica Group and MasterCard have agreed to subscribe for 161.3m new shares in the mobile payments company. The firm added that the agreement will raise £49.2m, giving Santander 108.2m new shares and a 5.1% stake in the company, while Tel
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreNorcros chairman builds holding
19th Sep 2014 16:43
Norcros chairman Martin Towers has acquired 120,000 shares in the home consumer products group. Towers, who is also a non-executive director, purchased the shares at 16.22p each for a total spend of £19,464. Meanwhile, in a deal made after the close of Thursday's session, Monitise chairman Peter Ay
Read moreMonitise sinks after Visa plans to assess investment
18th Sep 2014 12:34
Shares in mobile money group Monitise were taking a hit on Thursday after Visa revealed that it was undertaking an assessment of its stake in the company. Visa said the move was consistent with its "investment practice to seed emerging players and, over time, taper that influence as the partner comp
Read moreMonitise bounces on IBM mobile banking collaboration
27th Aug 2014 16:56
Shares in mobile money expert Monitise fizzed higher on news of a deepening relationship with IBM. The pair announced a global digital commerce and resourcing alliance, where 'Big Blue' will sell its AIM-listed partner's offering as an IBM cloud-delivered solution worldwide in the business-to-busi
Read moreThursday broker round-up UPDATE
14th Aug 2014 09:39
Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio
Read moreSector movers: BT and Dixons Carphone drag telecoms lower
8th Aug 2014 16:37
Telecoms stocks were among the worst performers in London on Friday with BT Group and newly-merged Dixons Carphone trading in the red. BT was 1.5% lower on reports that the company will have to wait until next month before a court will give its verdict on its long-running battle with BSkyB over who
Read moreBroker tips: M&S, Foxtons, Bovis Homes, Monitise
8th Jul 2014 12:50
High street giant Marks & Spencer has, against a backdrop of low expectations, "offered some hope" with its first-quarter update, according to Hargreaves Lansdown Stockbrokers. Analyst Keith Bowman said: "An increased focus on profit margin generates potential longer term optimism, with General Mer
Read moreLondon midday: Airlines, retailers lead UK stocks lower
8th Jul 2014 12:12
- Airlines, retail stocks provide a drag - UK industrial production unexpectedly declines - Alcoa, Fed minutes in focus for US investors - M&S closely watched after Q1 update techMARK 2,816.76 -0.95% FTSE 100 6,790.61 -0.48% FTSE 250 15,731.61 -1.01% Heavy falls in the airline and retail sectors o
Read moreCanaccord shrugs off Monitise profit warning, keeps positive long-term view
8th Jul 2014 10:40
A profit warning from Monitise hasn't deterred Canaccord Genuity from its positive stance on the stock, with the broker highlighting the long-term potential of the mobile payments business. The company surprised the market on Tuesday after saying that sales in the year ended June 30th are estimated
Read moreLondon open: Stocks fall for second day on profit-taking
8th Jul 2014 09:11
- Investors continue to take profits after recent rally - Fed, Alcoa Q2 report in focus - M&S impresses with clothing improvement - Miners rise, airlines fall techMARK 2,827.25 -0.58% FTSE 100 6,811.08 -0.18% FTSE 250 15,792.64 -0.63% UK stocks declined for a second day on Tuesday as a lack of pos
Read moreMonitise shares plummet after profit warning
8th Jul 2014 08:33
Shares in mobile payments group Monitise plummeted on Tuesday after the company issued a profit warning, admitting that annual revenue growth has not been as strong as hoped. Full-year sales in the year ended June 30th are estimated to be £95-97m, representing growth of 31-33% over the year. This
Read moreMonitise takes full ownership of Indonesian joint venture for £7.3m
27th Jun 2014 07:25
Mobile money group Monitise has acquired full ownership of its Indonesia-based joint venture AGIT Monitise for £7.3m in its plans to "streamline our global business". The acquisition follows Monitise taking full ownership of its Asia Pacific joint venture in October 2013. The group, which partner
Read moreMonitise unveiled as tech partner behind Spain's Yaap Shopping service
12th Jun 2014 08:48
Mobile money group Monitise has unveiled itself as the technology partner behind Yaap Shopping, the Spanish mobile commerce service launched by the alliance of CaixaBank, Santander and Telefónica. Spanish retailers use the virtual mobile commerce service to generate revenue through digital interact
Read moreMonitise to deliver branchless banking services to Turkish bank
9th Jun 2014 08:07
Mobile banking and payments group Monitise has announced a new partnership with Yapi Kredi Bank, one of Turkey's largest banks, to deliver its branchless banking services. Through the launch of 'Nuvo', customers will be able to open accounts, complete transactions and manage their money online usin
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