Network International Share News (NETW)

Network International profit falls as costs outpace revenue growth

(Alliance News) - Network International Holdings PLC on Thursday noted a challenging external economic environment but highlighted that the longer-term outlook remains positive.

Network International Holdings agrees to extend acquisition date

(Alliance News) - Network International Holdings PLC announced on Wednesday that the deadline for its acquisition by BCP VI Neptune Bidco Holdings Ltd has been extended.

EARNINGS AND TRADING: Cornish Metals CEO departs; Major Nexxen buyback

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Network International extends completion date of takeover

Network International Holdings PLC - London-based Middle East and Africa-focused payments provider - Updates on planned takeover by Brookfield Asset Management Ltd. Confirms that regulatory change of control clearances for the acquisition have been received from the Central Bank of Jordan, the Bank of Ghana, the Bank of Botswana and the Reserve Bank of Malawi. Stresses Network and Brookfield remain committed to completing the deal as quickly as possible and continue to engage positively with the Central Bank of the United Arab Emirates and the relevant regulatory authorities in other jurisdictions where clearances remain outstanding, including Kenya, Nigeria and Saudi Arabia. In light of this continued engagement, extends the long stop date for the deal to become unconditional and effective from April 9 to October 9.

Network International profit rises as awaits takeover by Brookfield

(Alliance News) - Network International Holdings PLC on Thursday reported higher profit in the first half of 2023, amid growth in Africa.

Network International posts big increase in 1H sales and free cash flow

(Sharecast News) - Network International posted big increases both on its topline and in free cash flow for the half.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Network International to hold votes on Brookfield offer

Network International Holdings PLC - Middle East and Africa-focused payments provider - To host court meeting and general meeting on August 4, so shareholders can vote on the takeover offer from Toronto-based private equity firm Brookfield Asset Management Ltd. The offer requires approval from 75% of voting shareholders at both meetings. In early June, Network International said Brookfield will pay 400 pence per Network International share, a 64% premium to Network International's 243.6p share price at the close of play on April 12, the day before Network International first received buyout interest. The takeover offer gives Network International an equity valuation of GBP2.2 billion.

CVC Advisors will not make takeover offer for Network International

(Alliance News) - CVC Advisers Ltd and Francisco Partners Management Ltd on Monday said it no longer intends to make a takeover offer for Network International Holdings PLC.

CVC consortium not planning to bid for Network International

(Sharecast News) - CVC Advisers and Francisco Partners Management said on Monday that they do not plan to make an offer for payments firm Network International.

LONDON BRIEFING: Shares on the rise; Frasers buys into AO World

(Alliance News) - Stocks in London were set to open higher on Monday, at the start of a busy week of central bank moves.

LONDON MARKET CLOSE: FTSE 100 lower as interest rate decisions loom

(Alliance News) - Stocks in London ended largely in the red on Friday as investors look ahead to a busy two weeks of central bank interest rate decisions with trepidation.

LONDON MARKET MIDDAY: Europe slips in pre-central bank jitters

(Alliance News) - Stock prices in Europe wobbled on Friday, with investors nervously awaiting next week's US inflation report and central bank decisions there and in the EU and Japan, while eyes turn to the New York open after a bullish run for the S&P 500 index continued on Thursday.

TOP NEWS: Network International backs GBP2.2 billion Brookfield offer

(Alliance News) - Network International PLC on Friday said it agreed to a takeover from entities backed by Toronto-based private equity firm Brookfield Asset Management Ltd.

LONDON MARKET OPEN: Tepid trade ahead of central banks; Croda slumps

(Alliance News) - Stock prices in Europe opened mostly lower on Friday, failing to replicate a rally seen on Wall Street, where stocks were spurred on by a weak US jobless claims reading that reinforced expectations that the Federal Reserve will decide against an interest rate hike.