Worldpay Group Share News (WPG)

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Friday newspaper share tips: Worldpay, Foxtons

Fri, 08th Apr 2016 15:01

(ShareCast News) - Two of the original investors in Worldpay, private equity holders Advent International and Bain Capital, were allowed to dispose of a third of their stakes via a placing, with more to come, The Times's Tempus pointed out to readers.The move was arguably justified by the fact that there was high demand for the shares from other investors, hence the decision by the investment banks acting as bookrunners to waive the lock-in on the stock.Indeed, the placing was "well oversubscribed" Tempus said, but investors should be aware that the remaining 28.0% of the firm in the hands of private equity will hit the market at some point.Furthermore, the company's latest full-year figures revealed that earnings in the US went into reverse last year, with management now admitting a turnaround will take longer and be more expensive than had been thought.A first dividend is expected is due later in the year but the yield will be "insignificant", the tipster said.Given that the shares are changing hands on 38 times 2016's earnings and 26 times those for 2017, together with that private equity overhand, there is no reason to pick-up the shares at present, Tempus concluded.Co-op chief Richard Pennycook asked for a paycut following a successful restructuring, including plugging a £1.5bn hole in the bank unit's balance sheet, the Financial Times's Lex column said.His pay in 2015 was £3.6m whereas his base salary now is £750,000.Whereas his predecessor said the Co-op was "ungovernable", Pennycook claims the job has become easier.That rank socialism makes for an interesting contrast when juxtaposed with Foxtons, which just raised its boss's salary by a fifth despite a year of weak profits and a drop in the share price, Lex said.The flighty performance of London house prices is not the fault of the boss? No company wants to pay in the bottom of the quartile?Sometimes high executive pay is justified by the past and sometimes by the future, hard to say.Compare and contrast if you will, but in pay as in any market, you get what you can get away with, Lex said.

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18 Mar 2019 08:22

FIS to buy Worldpay in $43bn cash and stock deal

(Sharecast News) - Payments processor Worldpay has agreed to be bought by US financial services technology company FIS in a $43bn deal.

3 Apr 2018 21:40

Mall owners Namdar, Washington Prime in bid to buy Bon-Ton -sources

By Jessica DiNapoli and Tom Hals April 3 (Reuters) - U.S. mall owners Namdar Realty Group and Washington Prime Group Inc are in talks to acquire store operator Bon-Ton

7 Feb 2017 15:10

Tuesday broker round-up

(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be

2 Feb 2017 08:16

Worldpay poaches Santander's Peter Jackson to be new UK CEO

(ShareCast News) - Worldpay has poached Santander's former head of global innovation Peter Jackson to head its UK business, starting on 1 March. The online payments company said that Jackson will report to group chief executive Philip Jansen. Prior to Santander, Jackson was chief executive at Trave

2 Feb 2017 07:45

TOP NEWS: Worldpay Appoints Santander Head Of Innovation As UK CEO

6 Jan 2017 10:21

Exane ups Worldpay to 'outperform' after de-rating

(ShareCast News) - Exane BNP Paribas upgraded payments processor Worldpay to 'outperform' from 'neutral' and lifted the price target to 340p from 290p, saying last year's de-rating provides a better entry point. The bank said it is still cautious on Worldpay's ecommerce margins and capex but factors

12 Dec 2016 15:55

Monday broker round-up

(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w

7 Dec 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

11 Oct 2016 15:07

UK Dividends Calendar - Next 7 Days

28 Sep 2016 14:32

Worldpay appoints Kim Crawford Goodman as US chief executive

(ShareCast News) - FTSE 100 payments process Worldpay has appointed Kim Crawford Goodman as chief executive officer of its US business with effect from 7 November. After a handover period, she will succeed Floris de Kort who has decided to leave the group at the end of this year. Goodman has held s

19 Sep 2016 07:19

Andes Energia Snaps Up BT Chairman Michael Rake As Non-Executive

8 Sep 2016 15:12

UK Dividends Calendar - Next 7 Days

7 Sep 2016 08:31

Worldpay slumps as Bain, Advent sell more shares than expected

(ShareCast News) - Shares in payments processor Worldpay slumped on Wednesday as it emerged that private equity firms Advent International and Bain Capital LLP sold a bigger-than-expected stake in the company through their Ship Global 2 & Cy SCA vehicle. Ship Global, which is jointly owned by the tw

7 Sep 2016 07:33

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Worldpay Group Share News (WPG)

Friday newspaper share tips: Worldpay, Foxtons

Hut Group shares soar as trading gets underway

FIS to buy Worldpay in $43bn cash and stock deal

Mall owners Namdar, Washington Prime in bid to buy Bon-Ton -sources

Tuesday broker round-up

Worldpay poaches Santander's Peter Jackson to be new UK CEO

TOP NEWS: Worldpay Appoints Santander Head Of Innovation As UK CEO

Exane ups Worldpay to 'outperform' after de-rating

Monday broker round-up

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

UK Dividends Calendar - Next 7 Days

Worldpay appoints Kim Crawford Goodman as US chief executive

Andes Energia Snaps Up BT Chairman Michael Rake As Non-Executive

UK Dividends Calendar - Next 7 Days

Worldpay slumps as Bain, Advent sell more shares than expected

LONDON MARKET OPEN: Mixed Open; Ashtead Leads Gainers, Worldpay Losers

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Worldpay Group Share News (WPG)

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Friday newspaper share tips: Worldpay, Foxtons

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