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Pin to quick picksNetwork International Share News (NETW)

Share Price Information for Network International (NETW)

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Share Price: 392.20
Bid: 392.80
Ask: 393.60
Change: 0.00 (0.00%)
Spread: 0.80 (0.204%)
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UK EXECUTIVE CHANGE SUMMARY: Wizz Poaches From easyJet; New Cenkos CEO

Wed, 09th Dec 2020 16:08

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:

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Wizz Air Holdings PLC - Budapest-based budget airline - Hires Robert Carey as president, starting June 14 next year, to oversee operations and commercial functions. Carey has been chief commercial & strategy officer for rival carrier easyJet PLC since 2017, having started at America West Airlines followed by Delta Airlines and a 10-year stint at McKinsey & Co. Wizz also hires Michael Delehant as executive vice president and chief operations officer, reporting to Carey. Delehant joins from Vueling, the Spanish low-cost airline owned by International Consolidated Airlines Group SA, where he has been chief strategy & network officer. He starts at Wizz on April 1.

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Cenkos Securities PLC - London-based stock broker and company advisor - Jim Durkin will retire as chief executive in March of next year, after having returned to Cenkos in 2019. That was a difficult time for UK stockbrokers, Cenkos notes, and Durkin "kept the company profitable, led the restructuring of the board and further strengthened governance". Julian Morse, an executive director and head of the Growth Companies Team, will replace Durkin as CEO. Cenkos says Morse is a founding member of the Growth Companies Team and has led it since 2016. Cenkos also promotes Jeremy Osler, co-head of Corporate Finance & general counsel, to the board as an executive director. Osler joined Cenkos in 2016.

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London Stock Exchange Group PLC - trading and clearing operator and index calculator - Proposes Martin Brand, Erin Brown and Douglas Steenland as board directors. The appointments are part of LSEG's acquisition of market data and trading platform provider Refinitiv, following which the shareholders of Refinitiv will have the right to nominate three non-executive directors for as long as they continue to hold at least 25% of LSEG. Brand and Steenland will represent Blackstone, and Brown will represent Thomson Reuters. Brand is a senior managing director and co-head of US Acquisitions for Blackstone's Private Equity Group. Steenland is a a senior adviser to the Blackstone Private Equity Group. Brown is head of Finance for the Thomson Reuters Corporates segment. LSEG expects the Refinitiv acquisition to complete in the first quarter of next year.

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Aviva PLC - London-based life and general insurer - Hires Pippa Lambert as independent non-executive director, starting January 1. Lambert was global head of Human Resources at Deutsche Bank AG and before that head of Reward at Royal Bank of Scotland.

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OptiBiotix Health PLC - York, England-based developer of compounds to treat obesity, high cholesterol, diabetes and skincare - Hires Christopher Brinsmead as director. Brinsmead was president of AstraZeneca UK & Ireland, part of AstraZeneca PLC, until 2010 and before that president of the Association of the British Pharamaceutical Industry.

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Network International Holdings PLC - Middle East-focused payment solutions provider - Hires Diane Radley and Monique Shivanandan as independent non-executive directors, starting January 1. Radley led the Transaction Services Group at PwC South Africa. She also was CEO of Old Mutual Investment Group from 2011 to 2016, having been finance director prior to that. Shivanandan is chief information officer at property and casualty insurance firm Chubb Ltd and also a non-executive director for JP Morgan Securities in the UK.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(Alliance News) - Stock prices in London opened lower on Friday, as disappointing retail sales data showed that UK consumers are still being squeezed by high inflation and cost-of-living pressures.

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21 Apr 2023 08:40

UPDATE: Network International jumps on takeover battle

(Alliance News) - Network International Holdings PLC on Friday confirmed that it has received another takeover offer, this time from Brookfield Asset Management Ltd.

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21 Apr 2023 08:10

TOP NEWS: Network International confirms higher takeover bid

(Alliance News) - Network International Holdings PLC on Friday confirmed that it has received another takeover offer, this time from Brookfield Asset Management Ltd.

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21 Apr 2023 07:56

LONDON BRIEFING: Network International receives another, better offer

(Alliance News) - Stocks in London are set to open lower on Friday, as central bankers on both sides of the Atlantic pointed to further rate hikes and UK retail sales data disappointed.

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21 Apr 2023 07:02

Network International confirms rival 400p proposal from Brookfield

(Sharecast News) - Shares in payments firm Network International surged on Friday after it confirmed it had received a "highly preliminary" rival 400p a share cash offer from Canada's Brookfield Asset Management.

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19 Apr 2023 09:48

LONDON BROKER RATINGS: Stifel likes Ryanair but not On The Beach

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday afternoon:

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18 Apr 2023 09:49

IN BRIEF: Network International backs yearly guidance on "solid" start

Network International Holdings PLC - Middle East and Africa-focused payments provider - Backs its guidance for 2023, reporting a 13% annual rise in revenue during the first quarter. In 2022, revenue was USD438.4 million. In constant currency, revenue is up 16%. It reiterates annual guidance of high-teens constant-currency revenue growth, and a slight margin expansion to earnings before interest, tax, depreciation and amortisation. Network continues to expect a second-half weighting.

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18 Apr 2023 07:54

LONDON BRIEFING: UK unemployment up to 3.8%; strong start for Entain

(Alliance News) - Stocks in London were called to open flat on Tuesday, after data showed an unexpected rise in UK unemployment.

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17 Apr 2023 16:57

LONDON MARKET CLOSE: FTSE 250 shines but large-caps tepid on Fed bets

(Alliance News) - The FTSE 100 closed off sessions highs after listless afternoon trading on Monday, though the FTSE 250 was given some impetus from M&A moves.

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17 Apr 2023 12:12

LONDON MARKET MIDDAY: Stocks green amid takeover activity; pound soft

(Alliance News) - Stock prices in London were higher at midday on Monday as news of possible takeovers of FTSE 250 constituents gave a boost to investor sentiment.

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17 Apr 2023 09:15

TOP NEWS: Network International surges on private equity buyout offer

(Alliance News) - Network International Holdings PLC on Monday confirmed that it has received a non-binding takeover proposal from a private equity consortium.

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17 Apr 2023 09:05

LONDON MARKET OPEN: FTSE 250 lifted by M&A activity, Royal Mail deal

(Alliance News) - Stock prices in London opened higher on Monday, with the large-cap FTSE 100 index boosted by commodity stocks and the mid-cap FTSE 250 lifted by prospective dealmaking.

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17 Apr 2023 07:52

LONDON BRIEFING: Possible offers for Network International, John Wood

(Alliance News) - Stock prices in London were called higher on Monday, following Asian equities into the green.

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17 Apr 2023 07:14

Network International receives 387p a share takeover proposal

(Sharecast News) - Payments firm Network International said on Monday that it has received a non-binding takeover proposal from a consortium of CVC and Francisco Partners about a cash offer of 387p a share.

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13 Apr 2023 16:59

LONDON MARKET CLOSE: Stocks green despite stagnant UK economic growth

(Alliance News) - Stocks in London closed higher on Thursday, as news of a stalling UK economy and a recession warning from across the Atlantic failed to dampen market mood.

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