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Sector movers: Natural resources stocks weigh

Fri, 15th May 2015 11:43

London-listed natural resources related stocks took another knock on Friday, as the Chinese economy continued to send mixed signals, Greece weighed on sentiment, and oversupply in the oil markets returned to hound trading.At 15:00 BST, the FTSE 100 was marginally in the red by 0.27% or 18.53 points at 6954.51 with miners weighing negatively on the blue chip index following mixed signals from China, as the country's economic data continues to disappoint and business investment down to 15 year lows.Anglo American (down 3.42%), Fresnillo (down 3.15%), Glencore (down 2.36%) and Antofagasta (down 1.89%) made up four of the five biggest blue chips stocks to take an intraday trading hit.Evraz (down 5.67%) and Polymetal International (down 2.69%) joined their ranks in the wider market as the dip in base metals prices continued.Zinc (down 1%), tin (0.8%), nickel (down 2%), lead (down 1.2%) and copper (broadly flat), marked a downbeat overnight close on the London Metal Exchange on Chinese macroeconomic data.Meanwhile, oil stocks followed miners in to the red after the International Energy Agency observed that a dip in US shale production was being compensated for by a rise in oil production elsewhere, with Saudi Arabia, Kuwait and United Arab Emirates (UAE) ramping up their output to the highest level since 1985.Blue chips BP (down 1.20%) and Shell ('A' shares down 1.41%/ 'B' shares down 1.1%) took a knock, with Gulfsands Petroleum (down 11.09%), Xcite (down 6.47%), Premier Oil (down 4.7%), Tullow Oil (down 2.93%), Genel Energy (down 2.78%) and Bowleven (down 2.36%) among other notable stocks to take a hit over a troubling session for the sector.The biggest faller was small-cap Caza Oil & Gas which shed 13.51% on a poor set of results. Caza said revenues from oil and natural gas sales for the three months to 31 March, plunged 27% year-on-year to $3.37m (£2.14m) and 30% from the previous quarter, due to lower oil and natural gas prices.Elsewhere, Canaccord Genuity downgraded energy services outfit Wood Group (down 2.11%) from 'hold' to 'sell' and cut its target price from 650p to 625p following recent strong gain in the shares.Worst five sectorsIndustrial Metals & Mining 1,924.44 -107.35 -5.28% Oil Equipment, Services & Distribution 18,627.10 -345.27 -1.82% Mining 14,312.98 -237.54 -1.63% Oil & Gas Producers 7,285.03 -108.07 -1.46%Food & Drug Retailers 3,161.45 -26.62 -0.84%Top five sectorsTravel & Leisure 8,899.02 +95.81 +1.09% Real Estate Investment Trusts 3,436.14 +35.87 +1.05% Non-life Insurance 2,103.06 +21.23 +1.02% Real Estate Investment & Services 3,174.36 +28.81 +0.92% Financial Services 9,881.06 +85.45 +0.87%
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21 Feb 2019 13:05

Mi-Pay Extends Contract With Existing Client For Further Five Years

LONDON (Alliance News) - Mi-Pay Group PLC on Thursday said it has agreed a contract extension with a long-term existing client for an incremental five-year period.The provider of mobile the

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30 Jan 2019 10:42

Mi-Pay Expects 2018 Loss To Narrow On Higher Revenue, Lower Costs

LONDON (Alliance News) - Mi-Pay Group PLC on Wednesday said it expects to report a narrowed loss in 2018, helped by strong revenue growth and reduced administrative expenses.In addition, as

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30 Jan 2019 09:16

Mi-Pay Group's loss narrows after revenue growth and cost cutting

(Sharecast News) - Mi-Pay Group reported revenue growth and a narrowed operating loss on Wednesday after the company increased the value of processed payment transactions and won new revenues from fraud management.

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25 Sep 2018 10:37

Mi-Pay Interim Loss Narrows On Higher Revenue And Lower Expenses

LONDON (Alliance News) - Mi-Pay Group PLC on Tuesday said its loss narrowed in the first half of 2018, helped by reduced expenses and revenue growth.The payment fraud management services to

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16 Aug 2018 15:42

Octopus Investments Cuts Mi-Pay Stake To 6.07% (ALLISS)

LONDON (Alliance News) - Mi-Pay Group PLC said Thursday that Octopus Investments Nominees Ltd lowered its stake in the company to 6.07%.Prior to the deal, Octopus held a 15.36% stake in the

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30 Jan 2017 08:33

Mi-Pay Group in line with expectations, transactions processed increases

(ShareCast News) - Mobile payment provider Mi-Pay Group expects results for the calendar year 2016 to be in line with expectations with a "significant" increase in the value of transactions processed. The AIM-listed company expects revenue to rise slightly to £3.3m for 2016, from £3.0m the previous

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14 Sep 2016 15:03

UK Earnings, Trading Statements Calendar - Next 7 Days

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3 Aug 2016 08:13

Mi-Pay Says Transaction Values And Revenue Grow In First Half

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13 Apr 2016 13:59

Mi-Pay narrows FY losses

(ShareCast News) - Mobile payments group Mi-Pay managed to narrow full year pre-tax losses to £1.4m from £4.3m on the back of a small jump in revenues and hefty cut in admin expenses. Revenues rose to £3m from £2.7m while administrative expenses fell to £3.1m from £5.4m. Income from transaction ser

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13 Apr 2016 09:00

Mobile Payments Firm Mi-Pay Eyes South East Asia For Long-Term Growth

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26 Jan 2016 10:49

Mi-Pay Says Revenue Rose In 2015, Trading In Line With Market View

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16 Sep 2015 13:35

Mi-Pay restructure leads to reduced operating loss

(ShareCast News) - Despite a restructure and an increase in investment, Mi-Pay Group has increased their revenue marginally from £1.4m to £1.5m for the six months to 30 June. However the mobile payment solutions provider's operating loss has decreased from £3.0m last year to £1.1m. A 38% reduction

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16 Sep 2015 10:42

Mi-Pay First-Half Pretax Loss Narrows On Improved Margins

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22 Jul 2015 10:54

Mi-Pay Group reports strong first-half driven by positive payment rates and low fraud levels

(ShareCast News) - Mobile payment solutions group Mi-Pay said its first-half of the year was encouraging with trading in line with expectations. Revenues rose 10% to £1.5m for the six months ended 30 June 2015 and, excluding the impact of a client lost in 2013, revenues jumped 35%. Furthermore, the

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22 Jul 2015 09:26

Mi-Pay Group Says Trading In Line With Its Expectations In First Half

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