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Pin to quick picksEarthport Share News (EPO)

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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
8 Feb 2019 07:43

LONDON MARKET PRE-OPEN: SSE Warns On Profit; Earthport Battle Hots Up

LONDON (Alliance News) - Stock prices in London seen opening in the red on Friday, continuing Thursday's decline, as optimism fades on a trade deal between the US and China before tariffs kick

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5 Feb 2019 09:38

Earthport Guides For Interim Revenue Rise As Core Unit Does Well

LONDON (Alliance News) - Takeover target Earthport PLC on Tuesday said it expects to report a 4.5% increase in interim revenue as its core business registered double-digit growth.For the to

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5 Feb 2019 08:49

Earthport grows revenues in core payments business

(Sharecast News) - Cross border payments network Earthport saw revenues move ahead in the first half of its trading year after selectively increasing the customer base of its core payment business.

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29 Jan 2019 15:40

Mastercard Receives Letters Of Intent From 12% Of Earthport Shares

LONDON (Alliance News) - Earthport PLC said Tuesday Mastercard Inc has received letters of intent to accept from about 12% of Earthport's total issued shares.On Friday, the payments to

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25 Jan 2019 17:59

UPDATE: Visa Considering Options As Earthport Accepts Mastercard Bid

LONDON (Alliance News) - Visa Inc said Friday it is considering its options after Earthport PLC accepted an offer from Mastercard Inc.Earlier Friday, international payments firm Earthport a

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25 Jan 2019 17:18

LONDON MARKET CLOSE: Stocks Mixed As Miners Rise But Vodafone Sinks

LONDON (Alliance News) - Stocks in London finished the week mixed as commodity miners were unable to keep the FTSE 100 in the green with Vodafone dragging the index lower.The FTSE 100 closed down

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25 Jan 2019 12:13

LONDON MARKET MIDDAY: Miners On The Up, Property Stocks Recover

LONDON (Alliance News) - The FTSE 100 was higher midday Friday, helped by rising commodity stocks, while the FTSE 250 has been helped by property firms clawing back losses made earlier in the FTSE

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25 Jan 2019 10:40

WINNERS & LOSERS SUMMARY: Earthport Gains As Mastercard Out Bids Visa

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 3.2%. UBS raised the Mexican miner to Buy

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25 Jan 2019 08:42

LONDON MARKET OPEN: Miners Rise; Deals Lift Fuller's And Earthport

LONDON (Alliance News) - The FTSE 100 was in the green early on Friday, helped by commodities stocks, while a number of midcap firms were suffering from broker ratings cuts. Elsewhere on the Stock

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25 Jan 2019 08:08

TOP NEWS: Mastercard Trumps Visa's Offer For Earthport

LONDON (Alliance News) - International payments firm Earthport PLC has agreed an increased offer from Mastercard Inc, the company said on Friday, after a bid from Visa Inc in is to pay 33 pence at

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25 Jan 2019 07:46

LONDON MARKET PRE-OPEN: Vodafone Confirms Outlook; Fuller's Exits Beer

LONDON (Alliance News) - Equities prices in London are seen opening slightly higher Friday, despite a stronger pound set to hinder overseas-exposed FTSE 100 stocks. In early corporate news, has an

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27 Dec 2018 08:00

Visa to buy Earthport in £198m deal

(Sharecast News) - Visa Inc has agreed to buy London-listed Earthport, which provides cross-border payment services to banks and businesses, in a £198m cash deal.

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30 Nov 2018 10:18

Earthport losses widen as admin costs weigh on margins

(Sharecast News) - Cross-border payment network Earthport saw revenues improve 5.3% to £31.9m in its last trading year, but increased admin expenses and narrowing gross margins led the firm to a deeper loss.

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30 Nov 2018 08:40

Earthport Annual Loss Narrows As Revenue In Core Unit Surges

LONDON (Alliance News) - Earthport PLC said Friday its annual loss narrowed as revenue in its core payments business unit rose 6.3%.For the financial year to June 30, the payment network a

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1 Nov 2018 10:49

WINNERS & LOSERS SUMMARY: BT Surges After First Half Profit Increases

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------BT

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