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Monitise suffers after Visa Europe plans to cut stake

Wed, 08th Jul 2015 11:57

Monitise shares were hit by news on Wednesday that Visa, a major shareholder and business partner since 2011, was going to reduce its shareholding in the mobile banking specialist over time.Visa Europe's stake represents 5.3% of Monitise's equity.Monitise, which earlier this year failed in its hunt for a potential buyer and earlier this month lowered its revenue forecast for the full year, said the company will continue to work together on a number of projects and services under the three-year commercial agreement which runs until 31 March 2016.The mobile banking and payments service group said on Monday that it expected revenues for the full-year would be between £88-90m, below previous guidance of £90-100m announced in March.Read more: Monitise lowers revenues forecast for the full yearMonitise fails to find buyer, founder steps down but partners remain supportive
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3 Jan 2017 12:12

Monitise says has not sold Americas business

(ShareCast News) - Monitise said on Tuesday that it has not sold its Americas business unit. The AIM-listed specialist in financial services technology noted an announcement on the Checkalt Digital website suggesting that it has bought Monitise Americas and clarified that no such transaction has tak

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3 Jan 2017 12:03

Monitise Says Checkalt Has Not Bought Americas Business

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8 Sep 2016 10:51

Monitise reports on tough turnaround year

(ShareCast News) - Financial services digital technology company Monitise announced its preliminary results for the financial year to 30 June on Thursday, which it said confirmed a "substantial improvement" in operating figures in the second half. The AIM-traded firm said its new business unit, FINK

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21 Jul 2016 07:35

Monitise Says Revenue Set To Fall In New Year After Flat Second Half

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31 May 2016 07:48

Monitise no longer in discussions over content business

(ShareCast News) - AIM-listed mobile payments processor Monitise said discussions regarding a possible sale of its content business, Markco Media, have now ended. Monitise had announced in early March that it was in very early stage discussions regarding a possible disposal. However, the company sa

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31 May 2016 07:19

Monitise Ends Discussions Over Potential Disposal Of Content Business

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29 Mar 2016 06:40

Monitise Appoints Gavin James As COO And Finance Chief

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4 Mar 2016 14:16

Monitise confirms early stage talks to sell content business

(ShareCast News) - AIM-listed mobile payment processor Monitise confirmed on Friday that it is in very early stage discussions regarding a possible disposal of the content business, Markco Media. "There is no certainty that a disposal will take place or what the terms of any such disposal may be," i

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4 Mar 2016 11:33

Monitise Shares Surge On Early Talks To Sell Markco Media Businesses

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12 Feb 2016 10:45

Monitise predicts positive earnings after massive write-offs

(ShareCast News) - First-half results from Monitise showed underlying losses cut by a third as the painful restructuring of the financial software group grinds towards what is expected to be a profitable second half. However, reported operating losses before tax ballooned to £211.6m compared to £58.

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12 Feb 2016 07:53

Monitise Interim Loss Widens Amid "Challenging" Transition To Cloud

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5 Feb 2016 16:05

Earnings, Trading Statements Calendar - Week Ahead

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21 Jan 2016 09:00

Monitise Confident Of EBITDA Breakeven In 2nd Half Of Financial Year

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1 Dec 2015 07:47

Exodus Continues As Monitise CFO Brad Petzer Resigns

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22 Oct 2015 08:33

Monitise Trims Board By Two To Streamline Business

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