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Goldman Sachs reiterates 'buy' on Worldpay, raises target price

Wed, 10th Aug 2016 08:46

(ShareCast News) - Goldman Sachs has reiterated a 'buy' rating on Worldpay and raised its target price to 400p from 350p after the company reported its first half results.Worldpay on Tuesday said pre-tax profit rose to £168.6m in the first half from £0.3 the same period a year ago, as revenue jumped 10% to £2.14bn. Net revenue was up 16% to £539.7m thanks to the expansion of business with existing customers, the roll-out of enhanced capabilities and innovation, and new customer wins. Meanwhile, underlying earnings before interest, tax, depreciation and amortisation were 19% higher at £217.9m.The payments processor declared a maiden interim dividend of 0.65p per share.Goldman raised its earnings per share forecasts for fiscal years 2016 to 2020 by 4-7% to reflect the better-than-expected results."The results continue to underscore our thesis that Worldpay offers exposure to above-market structural growth in the global payments market via its strong positioning in the UK (+12%) and Global e-commerce (+21%) which is driving share gains."The bank added: "We expect Worldpay to continue to announce new customer wins and partnerships that should underpin growth well ahead of the market."Shares rose 0.71% to 311.20p at 0916 BST.
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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.

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3 Apr 2018 21:40

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

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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

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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

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2 Feb 2017 07:45

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

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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

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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

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7 Dec 2016 09:33

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

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11 Oct 2016 15:07

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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

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19 Sep 2016 07:19

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

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8 Sep 2016 15:12

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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

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7 Sep 2016 07:33

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

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