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Banking industry veteran appointed to Earthport board

Wed, 17th Feb 2016 08:53

(ShareCast News) - Earthport gained a veteran of the US banking industry on Wednesday, announcing the appointment of John McCoy to its board as a non-executive director.The AIM-traded payment network for cross-border payments said McCoy's experience was vast, having retired as chairman and chief executive of Bank One Corporation in 1999. He had been CEO there since 1984.Bank One was the fourth-largest bank in the United States at the time. In 2004, Bank One merged with JPMorgan Chase, creating the country's largest bank.While at Bank One, McCoy was a member of the US Federal Advisory Council and on the board of the Bankers Roundtable."I am delighted to welcome John McCoy as a member of our board of directors," said Earthport chairman Phil Hickman."John brings a wealth of experience to Earthport, as his outstanding career in banking, technology and private equity has helped numerous companies to grow and prosper. I am confident that John's strategic oversight will materially contribute to our success," he added.McCoy was currently a director of American telecommunications giant AT&T, Onex Corporation, the PGA Tour Policy Board, and sat on the advisory boards of Second Curve Capital and FTV Capital.He was also a former member of the board of trustees at Williams College and Stanford University, and a past chairman of the board of trustees at Kenyon Colllege. McCoy was a member of the board of directors, as well as a former board chair at Battelle Memorial Institute."Earthport's global payment network has the potential to transform the way in which cross-border payments are conducted across the globe, greatly improving efficiencies and reducing costs," said McCoy on his appointment."I am therefore very pleased to be joining the Board of this exciting growth company."
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26 Jan 2010 16:25

London close: Footsie snaps 4-day losing streak

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26 Jan 2010 14:19

London afternoon: Losses pared

Leading shares cut back their losses over the lunch time session but resource stocks remain under the cosh on fears that the Chinese authorities will step up its campaign to cool down its overheating economy and lift interest rates. Fresnillo, Xstrata and Kazakhmys lead the mining sector lower, wh

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26 Jan 2010 12:03

London midday: GDP figures no comfort

News that the UK economy limped out of recession in the fourth quarter has failed to cheer equities, which remain more concerned about China and the possibility its government will slam the economic brakes on. The UK economy grew just 0.1% in the fourth quarter, far less than expected. Economists h

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26 Jan 2010 08:49

London open: Blue chips struggle

Footsie has fallen again in early dealing with miners again under pressure on worries about overheating in China and the possibility its government will slam the economic brakes on. The big mining names are all lower this morning. Rio Tinto, Anglo American and Lonmin are the worst affected, but fal

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26 Jan 2010 07:41

Earthport to raise up to £875,000

Struggling global payments provider Earthport is trying to grab itself a lifeline with a placing of up to 7m shares at 12.5p to raise £875,000. Directors are subscribing for 1.88m shares. The electronics payments group, where chief executive James Bergman resigned last week, added there is still n

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20 Jan 2010 08:17

Earthport slumps as CEO jumps ship

Struggling global payments provider Earthport has parted company with chief executive James Bergman, confirming recent speculation he was about to go. The company said Bergman has resigned with immediate effect and that his duties will be taken on by the executive team. Shares in the group have pl

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2 Dec 2009 07:59

Small caps round-up: Sirius, Catalyst Media, Globus Maritime...

Sirius Petroleum has raised £1.1m through a placing at 6p to cover the costs of due diligence on an as yet unnamed acquisition target and to provide working capital. The fund raising is part of Sirus's strategy to neter joint venture partnerships on marginal fields. Shares in Catalyst Media jumped

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23 Nov 2009 16:37

London close: Footsie 100 points higher

Footsie closed more than 100 points higher on Monday thanks to a record price for gold, an early rally on Wall Street and strength across the financial sector. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhe

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23 Nov 2009 14:49

London afternoon: Rally into three figures

A record price for gold, an early rally on Wall Street and strength across the financial sector has sent London to its best levels of the day. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhere in the sector

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23 Nov 2009 12:06

London midday: Cadbury hits new high

London shares are racing ahead as the dollar's recent strength wanes, prompting renewed interest in mining shares. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhere in the sector ENRC, Lonmin, Xstrata, Rio

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23 Nov 2009 08:51

London open: Miners propel Footsie higher

Miners are driving Footsie higher again, with all of the top ten gainers metals groups. Xstrata, Rio Tinto and Randgold are the top risers, but the gains are sector-wide and strong. There's also good news at Lloyds Banking Group where the bank has the part-nationalised lender enjoyed "strong dema

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23 Nov 2009 08:35

Earthport soars on franchise deal

Global payments provider Earthport saw its share price ascend on Monday morning after it signed a franchise agreement covering Latin America and the Caribbean. Zink Financial will provide Earthport with a non-refundable franchise fee of £3.25m for the territories of Central America, South America a

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9 Nov 2009 11:43

Small caps round-up: Nautical Petroleum, ThirdForce, Allied Gold...

Oil group Nautical Petroleum reported 'significant progress' in its asset portfolio in the year to June 30 and said it expects its assets to rise in value once they move into the execution stage. Pre-tax losses for the year totalled £6.63m, compared with £4.52m the previous year. Shares in e-learn

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20 Oct 2009 16:50

London close: Footsie slips back

There was no shortage of company news to give Footsie direction but it was the release of housing data in the US that ultimately dragged the leading share index into the red. Housing starts increased to a seasonally-adjusted annual rate of 590,000 last month, up 0.5% above a revised 587,000 in Oct

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20 Oct 2009 14:19

London afternoon: Footsie pulled both ways

Footsie is struggling to find any sense of direction despite some big movements in individual companies' share prices. Fast growing software company Autonomy is finding the market hard to please. Despite another spell of strong organic growth in the third quarter, the shares are the worst performer

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