Worldpay Group Share News (WPG)

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Worldpay H1 profit and revenue grow

Tue, 09th Aug 2016 07:07

(ShareCast News) - Payments processor Worldpay - which floated on the London Stock Exchange last year - reported a rise in first-half underlying earnings and pre-tax profit amid strength in all its businesses, as it declared a maiden interim dividend of 0.65p per share.For the six months to the end of June, pre-tax profit rose to £168.6m from £0.3m in the first half of 2015 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.Worldpay UK net revenue grew 12% and the group said it continues to increase customer numbers and product penetration through cross selling. It also benefited from the overall positive effect on product propositions and pricing following the reduction in interchange costs.Chief executive officer Philip Jansen said: "We delivered a strong first half performance, further enhancing our product propositions, and deepening our capabilities and presence, both by geography and across our divisions and verticals. We are well positioned to deliver a good performance in the second half of the year, and our medium-term guidance remains unchanged."While the UK's vote to leave the EU has resulted in increased uncertainty, we do not expect it to have a material effect on Worldpay's trading performance. Our confidence in our prospects is reflected in further investment in capabilities to support sustainable growth over the medium-term, and the declaration of our maiden interim dividend."Shore Capital said the results were "robust", with a weaker second half in prospect."We see Worldpay as a high quality business in a growth area of the market, coming into a crucial year with the rollout of the new platform to seek operational independence and expansion in payment processing."At 1147 BST, shares were up 4.4% to 314.70p.

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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)

Worldpay H1 profit and revenue grow

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

Latest Share Chat

Worldpay Group Share News (WPG)

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