PayPoint merges online and mobile businesses
20th May 2014 12:27
Electronic bill payments provider PayPoint Group has merged its internet and mobile payment businesses as a first move towards developing a series of multi-channel payment propositions. One of the first applications of the new integrated capability will be Smart Metering, enabling energy providers
Read moreFriday broker round-up UPDATE
11th Apr 2014 08:49
African Barrick Gold: Numis raises target price from 170p to 260p and upgrades from sell to hold. Antofagasta: Numis downgrades from hold to reduce with a target price of 700p. Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price
Read moreFTSE 250 movers: Momentum stocks under selling pressure
7th Apr 2014 15:52
Ocado, Rightmove and PayPoint were registering heavy losses on Monday as technology-focused stocks bore the brunt of the wider market sell-off. UK markets were following last week's trend in the States where high growth, 'momentum shares' fell sharply as investors booked profits after the recent sur
Read morePayPoint's long-running Chairman steps down
5th Feb 2014 07:42
David Newlands, the Chairman of payment services provider PayPoint, is to leave the company this summer after 16 years at the top. Newlands will step down after the company's annual general meeting in July. "David has made a fantastic contribution to PayPoint and has been instrumental to our succe
Read morePaypoint reports six per cent rise in Q3 transactions
23rd Jan 2014 08:25
- Revenue up four per cent in Q3 - Progress made with e&m commerce - Cash levels up over quarter Overall third-quarter transactions rose six per cent year-on-year to £206m at Paypoint, the payment transaction firm said Thursday. Revenue for the period climbed 4% to £57m year-on-year, while exclud
Read moreThursday preview: easyJet reports first quarter results
22nd Jan 2014 15:49
easyJet's first quarter is expected to have been disrupted by the power outage the Gatwick North Terminal over Christmas and winter storms, Numis said ahead of the airline's results on Thursday. However, the broker believes that overall the disruption is unlikely to have had a material negative imp
Read moreLSL Chief sells four million shares ahead of role change
5th Sep 2013 16:11
Simon Embley, the out-going Chief Executive of LSL Property, announced plans to sell just short of 20m pounds-worth of shares in the residential property services provider. Embley, who is changing roles within the company to Deputy Chairman on September 9th, traded in a total of 4.16m shares at an
Read morePayPoint unveils increase in revenue as transactions rise
24th Jul 2013 13:07
PayPoint posted a six per cent year-on-year rise in transactions to 180m in the three months to end of June. Revenues were up 3.0% to £51m on a pro-rata basis for the 91-day period but 3.0% lower than in last year's longer reporting period of 97 days. PayPoint's net revenues came to £27m, up 13% o
Read moreTwo N Brown execs trim holdings after stock's impressive rise
9th Jul 2013 16:05
Two long-standing executive boardmembers at internet shopping group N Brown have each sold a large chunk of shares in the company just a week after the firm's upbeat first-quarter trading update, taking advantage of the stock's stellar rise so far this year. Chief Executive Officer Alan White on Tu
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLondon open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreFTSE 250 movers: Salamander dives on bad well update
23rd May 2013 15:51
Salamander Energy plunged after it issued a disappointing update on its Bedug-1 exploration well in the Bontang production sharing contract. Although the well was found to be a gas discovery, exploration was terminated as a result of high pressures. Halfords was also taking a hit after the automot
Read morePayPoint's annual profits increase on record transaction volume
23rd May 2013 09:02
PayPoint reported a 10.9 per cent rise in annual pre-tax profit to 41.3m pounds as the online payments company achieved record transaction volume. Revenue for the year ended March 31st rose 4.2% to £208.5m, boosted by a 12% rise in group transaction volume to 739m. The company's UK and Ireland re
Read morePayPoint on track in the third quarter
24th Jan 2013 07:35
Payment systems operator PayPoint said that trading was in line with expectations in the third quarter, as a slowdown in revenue and transaction growth was the result of seasonality. Transactions processed in the three months to December 31st totalled 193m, up 5% year-on-year. This compares with th
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