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STOCKS NEWS EUROPE-UK small caps edge higher, outperform market

Mon, 24th Mar 2014 11:13

The FTSE small cap index rises 0.2 percent, outperformingjunior-listed AIM shares, mid-caps and blue chips, downbetween 0.5 percent and 0.6 percent.

Shares in Earthport rise 7.4 percent to 47.75 pence as thecross-border payments services firm wins a contract to provide solutions forhigh-volume, low-value transactions to U.S. lender PNC Bank.

"The contract is still in the implementation stage and no financial detailshave been disclosed, however, this... is encouraging and underlines(Earthport's) growing influence in its market," analysts at Panmure Gordon,which acts as corporate broker to Earthport in Britain, write in a note.

"We re-iterate our Buy recommendation and target price of 52 (pence)."

AIM-listed Oilex falls 7.9 percent to 3.61 pence as the oil explorersays it has had to take down a rig at the Cambay-77H well due to mechanicalissues.

"Oilex's progress in Cambay has been difficult and lengthy, and this latestinterruption to the appraisal programme has continued the poor run," analysts atSP Angel write in a note.

"There does come a point where you have to start to feel sorry for theCompany, especially as the well isn't in an extreme topsides or sub surfaceenvironment, nor is it especially challenging technically."

Reuters messaging rm://francesco.canepa.thomsonreuters.com@reuters.net

More News
1 May 2019 10:15

Earthport Takeover By Visa Becomes Unconditional As 70% Accept Deal

LONDON (Alliance News) - US payment processing giant Visa Inc said Wednesday its offer for cross-border payments platform Earthport PLC is now unconditional after 71% of shareholders of Tuesday, a

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26 Apr 2019 16:50

LMR Partners Picks Up 7% Interest In Payments Platform Earthport (ALLISS)

LONDON (Alliance News) - Earthport PLC said on Friday that LMR Partners LLP built a 7.2% interest in the company in a transaction on Thursday.Shares in the cross-border payments platform at

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1 Apr 2019 18:26

Barclays Raises Interest In Earthport To 6.1% From Below Threshold (ALLISS)

LONDON (Alliance News) - Earthport PLC said on Monday that FTSE 100-listed bank Barclays PLC increased its interest in the cross-border payments platform to 6.11% from below the notifiable in a on

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14 Mar 2019 14:09

Barclays Lowers Earthport Stake Below Applicable Threshold (ALLISS)

LONDON (Alliance News) - Earthport PLC on Thursday said that FTSE 100-listed bank Barclays PLC lowered its interest in the company to "below the lowest applicable threshold".Prior

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13 Mar 2019 10:12

Visa Receives Acceptance Over 41% Of Earthport Share Capital (ALLISS)

LONDON (Alliance News) - Visa Inc on Wednesday said it has received acceptances of its offer to buy cross-border payments platform Earthport PLC representing 267.7 million shares, equal to a offer

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11 Mar 2019 18:09

UPDATE: Visa Acquires 9.9% Stake In Earthport, Now Holds 27% (ALLISS)

LONDON (Alliance News) - Visa Inc has acquired 67.6 million shares, equal to a 9.9% stake in cross-border payments platform Earthport PLC for 37 pence per share.Following this transaction,

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11 Mar 2019 16:24

Visa Gets Deadline Extension From Takeover Panel For Earthport Offer

LONDON (Alliance News) - Visa Inc on Monday received an extension to the timetable for its offer to wholly acquire cross-border payments platform Earthport PLC to be declared takeover panel Visa a

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8 Mar 2019 15:43

Earthport Shares Dip As MasterCard Offer Lapses On Lack Of Acceptances

LONDON (Alliance News) - MasterCard International Inc on Friday said its takeover offer for Earthport PLC has lapsed on lack of acceptances.Earthport shares were trading 24% lower following

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5 Mar 2019 10:59

Earthport Interim Revenue Rises But Loss Widens On Restructuring

LONDON (Alliance News) - Earthport PLC on Tuesday reported a rise in its interim revenue but widened its loss on increased administrative expenses.In the six months to December 31, pretax -

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4 Mar 2019 17:34

Morgan Stanley Now Holds 5.19% Stake In Earthport (ALLISS)

LONDON (Alliance News) - Earthport PLC on Monday said that Morgan Stanley now holds a 5.19% stake in the company.Morgan Stanley's stake in the financial services company prior to deal,

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27 Feb 2019 11:36

Mastercard Urges Earthport Shareholders To Ignore Visa Offer

LONDON (Alliance News) - Mastercard Inc said it was considering its options Wednesday and urged Earthport PLC shareholders to "take no action" on rival Visa Inc's offer for made a a

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8 Feb 2019 10:35

WINNERS & LOSERS SUMMARY: Earthport Up In Visa-Mastercard Bidding War

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - down 2.4%. Citigroup has reduced its rating -

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8 Feb 2019 09:23

Visa sweetens bid for Earthport, trumps Mastercard

(Sharecast News) - Visa International Service Association, a wholly-owned subsidiary of Visa Inc, has upped its bid for payment solutions business Earthport, trumping a rival offer from Mastercard.

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8 Feb 2019 08:42

LONDON MARKET OPEN: Power Utilities Dip; Flybe Gives Stark Warning

LONDON (Alliance News) - Stock prices in London were mixed in early trade on Friday, with energy firms SSE and Centrica both slipping in the FTSE 100, while once

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8 Feb 2019 07:47

TOP NEWS: Earthport Battle Heats Up As Visa Aims To Outbid Mastercard

LONDON (Alliance News) - Visa Inc has increased its offer for cross-border payments firm Earthport PLC, it said Friday, following a rival bid from Mastercard Inc.Visa initially made a bid a

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