Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWag Payment Share News (WPS)

Share Price Information for Wag Payment (WPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 65.00
Bid: 63.80
Ask: 65.60
Change: 1.20 (1.88%)
Spread: 1.80 (2.821%)
Open: 63.80
High: 68.00
Low: 63.80
Prev. Close: 63.80
WPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET OPEN: Stocks down; AB Foods slumps while Whitbread soars

Tue, 25th Apr 2023 09:02

(Alliance News) - Stock prices in London opened lower on Tuesday morning, with Whitbread the best blue-chip performer and Associated British Foods the worst after their half-year results.

The FTSE 100 index opened down 39.74 points, or 0.5%, at 7,872.46. The FTSE 250 was down 98.14 points, or 0.5%, at 19,128.80, and the AIM All-Share was down 4.01 points, or 0.5%, at 824.84.

The Cboe UK 100 was down 0.5% at 787.54, the Cboe UK 250 was down 0.7% at 16,767.74, and the Cboe Small Companies was down 0.5% at 13,746.75.

UK public sector net borrowing, excluding public sector banks, totalled GBP21.5 billion, GBP16.3 billion more than in March last year. According to the Office for National Statistics, this was the second-highest March borrowing since monthly records began in 1993.

The pound was quoted at USD1.2462 at early on Tuesday in London, higher compared to USD1.2457 at the close on Monday.

Francesco Pesole at ING said, as key central bank meetings draw closer, markets appear to favour European currencies to the detriment of the dollar, whose rate advantage is being "eroded".

Next week, the US Federal Reserve and the European Central Bank both will announce interest rate decisions.

"This is probably the key thread to follow today: should there be fresh instability in US banking stocks, dovish Fed bets may gather more momentum, and despite its safe-haven status, the dollar could stay on the back foot to the benefit of European currencies backed by hawkish central banks and without an excessively high-beta to sentiment – like CHF, EUR, GBP," the ING analyst continued.

The euro stood at USD1.1028 early Tuesday in London, unchanged against USD1.1026 late Wednesday. Against the yen, the dollar was trading at JPY134.12, lower compared to JPY134.38.

In London, Whitbread was the top blue-chip stock in early morning trade, up 4.2%, as it delivered a strong set of results amid recovering demand and announced a GBP300 million share buyback programme.

In the financial year that ended March 2, the Premier Inn-owner posted a pretax profit of GBP374.9 million, multiplied from GBP58.2 million the year before. Whitbread said this was above pre-pandemic levels, driven primarily by its Premier Inn UK division. Revenue surged to GBP2.63 billion from GBP1.70 billion.

Victoria Scholar, head of investment at interactive investor said: "The return to economic normality post pandemic with the removal of travel restrictions and the release of pent-up demand boosted demand for hotel rooms at Whitbread and provided a tailwind to its bottom line. The cost-of-living crisis and the squeeze on household budgets have also driven more customers towards its budget low price point offering."

Associated British Foods fell 5.4% to the bottom of the FTSE 100, as profit barely budged, despite a jump in revenue.

The Primark-owner said pretax profit in the 24 weeks ended March 4 edged up 1.4% to GBP644 million from GBP635 million the year prior. Revenue from continuing operations rose by 21% to GBP9.56 billion from GBP7.88 billion.

Chief Executive George Weston said the period was marked by "extreme and volatile" inflation in all its business. He noted the company has taken "considerable" action to mitigate these costs, however, through operational cost savings and pricing.

Looking forward, AB Foods said the continued recovery from customers of its rising input costs remains a "priority".

"The cost-of-living crisis remains a dark cloud over consumers' heads, and Primark's owners remain cautious about the outlook for consumers discretionary spending. So in the short-term, jittery customers and inflationary pressures are likely to keep a lid on profits," said Aarin Chiekrie, equity analyst at Hargreaves Lansdown.

In the FTSE 250, IWG fell 1.9% despite reporting a strong rise in quarterly revenue in the first quarter of 2023.

The flexible workspace provider posted revenue of GBP760 million, up 20% from GBP609 million the previous year in constant currency. IWG said the growth was driven by continuing global demand for hybrid working solutions and by the acquisition of Instant Group in March 2022.

However, looking forward, IWG said: "Whilst we continue to see higher demand for hybrid working solutions globally with companies reducing their real estate costs and responding to the needs of their employees, there are also macroeconomic headwinds which can impact demand."

WAG Payment Solutions rose 3.4% as the road toll and fuel payments processor reported a strong first-quarter performance.

The company reported that first quarter net revenue grew 31% to EUR52.21 million, supported by continued organic growth. Organic revenue growth was 17%, in line with expectations.

EuroWag confirmed its medium-term guidance for the full-year based off the solid first quarter.

Elsewhere in London, Superdry climbed 1.2% after it agreed amendments to its financing facility. Its lender, Bantry Bay, agreed to increase the borrowing availability level under its asset-backed facility until the completion of the previously announced sale of its APAC business.

In European equities on Tuesday, the CAC 40 index in Paris was down 0.8%, while the DAX 40 in Frankfurt was down 0.3%.

In Tokyo on Tuesday, the Nikkei 225 index closed up 0.1%. In China, the Shanghai Composite closed down 0.3%, while the Hang Seng index in Hong Kong closed down 1.9%.

Financial markets in Sydney were closed for the Anzac Day holiday.

In the US on Monday, Wall Street ended largely higher, with the Dow Jones Industrial Average ending up 0.2% and the S&P 500 up 0.1% but the Nasdaq Composite down 0.3%.

Earnings continued to roll-in on Monday, with Coca-Cola posting consensus-topping revenue. Eyes were also on the media sector, following big-name departures at Comcast and Fox units.

In focus Tuesday will be earnings from Alphabet, Microsoft, Visa and McDonald's.

Brent oil was quoted at USD82.75 a barrel at early in London on Tuesday, up from USD82.10 late Monday. Gold was quoted at USD1,994.30 an ounce, higher against USD1,982.78.

"May 1st holiday in Asia is the equivalent of the start of the US travel season, so a bounce in air travel is good news for oil bulls, especially if this holiday bonanza does mean the return of Chinese travellers, which would boost aviation fuel demand globally," said Stephen Innes, managing director at SPI Asset Management.

Still to come in Tuesday's economic calendar, the US house price index will be published at 1500 BST.

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
8 Sep 2022 19:14

Frasers to finally return to FTSE 100, replacing outbound Meggitt

(Alliance News) - Frasers Group PLC will return to London FTSE 100 benchmark next week, replacing Meggitt PLC which is on its way out after accepting a takeover bid.

Read more
7 Sep 2022 09:47

LONDON BROKER RATINGS: UBS raises Admiral; Morgan Stanley cuts Astra

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

Read more
6 Sep 2022 10:06

Eurowag interim profit rises on higher prices; keeps robust outlook

(Alliance News) - WAG Payment Solutions PLC on Tuesday reported a strong first half performance, as a result of higher energy prices and growth in the company's payment services.

Read more
30 Aug 2022 15:59

UK earnings, trading statements calendar - next 7 days

Wednesday 31 August 
Bank of Cyprus Holdings PLCHalf Year Results
BBGI Global Infrastructure SAHalf Year Results
Chesnara PLCHalf Year Results
Dalata Hotel Group PLCHalf Year Results
ECO Animal Health Group PLCFull Year Results
Flowtech Fluidpower PLCHalf Year Results
STM Group PLCTrading Statement
Thursday 1 September 
Camellia PLCHalf Year Results
Eurocell PLCHalf year Results
Gem Diamonds LtdHalf Year Results
Johnson Service Group PLCInterim Results
Kainos Group PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
PPHE Hotel Group PLCHalf Year Results
Sportech PLCHalf Year Results
Wentworth Resources PLCHalf Year Results
Friday 2 September 
Ashmore Group PLCFull Year Results
Monday 5 September 
Belvoir Group PLCHalf Year Results
Dechra Pharmaceuticals PLCFull Year Results
Tuesday 6 September 
Accrol Group Holdings PLCFull Year Results
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Capricorn Energy PLCHalf Year Results
Gamma Communications PLCHalf Year Results
Headlam Group PLCHalf Year Results
Inspired PLCHalf Year Results
IQE PLCHalf Year Results
Lords Group Trading PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
NCC Group PLCFull Year Results
PCI-PAL PLCFull Year Results
Pebble Group PLCHalf Year Results
Quixant PLCHalf Year Results
STV Group PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
WANdisco PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
23 Jun 2022 14:45

IN BRIEF: Eurowag completes first tranche of WebEye acquisition

WAG Payment Solutions PLC - London-based processor of toll and fuel payments for trucks around Europe, known as Eurowag - Completes first tranche of Hungary-based fleet management WebEye Telematics Zrt. WebEye's 58,000 connected trucks will significantly boost the company's customer base. "WebEye's customers will gain access to Eurowag's unrivalled range of integrated end-to-end payment and mobility solutions leading to incremental revenue opportunities," Eurowag says. It adds that the Ministry of Technology & Industry in Hungary has granted Eurowag the last remaining approval to buy all of WebEye's Hungarian subsidiaries.

Read more
19 May 2022 16:11

REPEAT: UK shareholder meetings calendar - next 7 days

Friday 20 May  
Bank of Cyprus Holdings PLCAGM
Croda International PLCAGM
Deliveroo PLCAGM
Georgia Capital PLCAGM
Hikma Pharmaceuticals PLCEGM re capital reduction
Keywords Studios PLCAGM
Real Estate Investors PLCAGM
Reckitt Benckiser Group PLCAGM
Resolute Mining LtdAGM
Restore PLCAGM
Monday 23 May 
Brewin Dolphin Holdings PLCGM re acquisition by RBC Wealth Management
Digital 9 Infrastructure PLCAGM
Empiric Student Property PLCAGM
TMT Investments PLCAGM
Tuesday 24 May 
4imprint Group PLCAGM
Afentra PLCAGM
Artisanal Spirits Co PLCAGM
Bidstack Group PLCAGM
Epwin Group PLCAGM
FDM Group Holdings PLCAGM
Forterra PLCAGM
Harworth Group PLCAGM
Henderson High Income Trust PLCAGM
Hill & Smith Holdings PLCAGM
Hilton Food Group PLCAGM
Horizonte Minerals PLCAGM
Judges Scientific PLCAGM
Pebble Group PLCAGM
Quarto Group IncAGM
Restaurant Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Thungela Resources LtdAGM
Vector Capital PLCAGM
WPP PLCAGM
Wednesday 25 May  
Access Intelligence PLCAGM
Amur Minerals CorpAGM
Aston Martin Lagonda Global Holdings PLCAGM
Bakkavor Group PLCAGM
Bango PLCAGM
Bodycote PLCAGM
Eleco PLCAGM
International Public Partnerships LtdAGM
Intertek Group PLCAGM
M&G PLCAGM
Manx Financial Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
Property Franchise Group PLCGM re final 2021 dividend
Regional REIT LtdAGM
Sabre Insurance Group PLCAGM
Trustpilot Group PLCAGM
Tullow Oil PLCAGM
Zenova Group PLCAGM
Zotefoams PLCAGM
Thursday 26 May
 
Aminex PLCAGM
Bank of Ireland Group PLCAGM
Belvoir Group PLCAGM
Central Asia Metals PLCAGM
Curtis Banks Group PLCAGM
Diaceutics PLCAGM
Duke Royalty LtdEGM re fundraise
East Star Resources PLCAGM
Energean PLCAGM
Henry Boot PLCAGM
Hochschild Mining PLCAGM
Legal & General Group PLCAGM
National World PLCAGM
Ocean Wilsons Holdings LtdAGM
OnTheMarket PLCGM re cancellation of capital
Prudential PLCAGM
S&U PLCAGM
Staffline Group PLCAGM
Strix Group PLCAGM
WAG Payment Solutions PLCAGM
Yu Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
19 May 2022 16:00

UK shareholder meetings calendar - next 7 days

Friday 20 May  
Bank of Cyprus Holdings PLCAGM
Croda International PLCAGM
Deliveroo PLCAGM
Georgia Capital PLCAGM
Hikma Pharmaceuticals PLCEGM re capital reduction
Keywords Studios PLCAGM
Real Estate Investors PLCAGM
Reckitt Benckiser Group PLCAGM
Resolute Mining LtdAGM
Restore PLCAGM
Monday 23 May 
Brewin Dolphin Holdings PLCGM re acquisition by RBC Wealth Management
Digital 9 Infrastructure PLCAGM
Empiric Student Property PLCAGM
TMT Investments PLCAGM
Tuesday 24 May 
4imprint Group PLCAGM
Afentra PLCAGM
Artisanal Spirits Co PLCAGM
Bidstack Group PLCAGM
Epwin Group PLCAGM
FDM Group Holdings PLCAGM
Forterra PLCAGM
Harworth Group PLCAGM
Henderson High Income Trust PLCAGM
Hill & Smith Holdings PLCAGM
Hilton Food Group PLCAGM
Horizonte Minerals PLCAGM
Judges Scientific PLCAGM
Pebble Group PLCAGM
Quarto Group IncAGM
Restaurant Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Thungela Resources LtdAGM
Vector Capital PLCAGM
WPP PLCAGM
Wednesday 25 May  
Access Intelligence PLCAGM
Amur Minerals CorpAGM
Aston Martin Lagonda Global Holdings PLCAGM
Bakkavor Group PLCAGM
Bango PLCAGM
Bodycote PLCAGM
Eleco PLCAGM
International Public Partnerships LtdAGM
Intertek Group PLCAGM
M&G PLCAGM
Manx Financial Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
Property Franchise Group PLCGM re final 2021 dividend
Regional REIT LtdAGM
Sabre Insurance Group PLCAGM
Trustpilot Group PLCAGM
Tullow Oil PLCAGM
Zenova Group PLCAGM
Zotefoams PLCAGM
Thursday 26 June 
Aminex PLCAGM
Bank of Ireland Group PLCAGM
Belvoir Group PLCAGM
Central Asia Metals PLCAGM
Curtis Banks Group PLCAGM
Diaceutics PLCAGM
Duke Royalty LtdEGM re fundraise
East Star Resources PLCAGM
Energean PLCAGM
Henry Boot PLCAGM
Hochschild Mining PLCAGM
Legal & General Group PLCAGM
National World PLCAGM
Ocean Wilsons Holdings LtdAGM
OnTheMarket PLCGM re cancellation of capital
Prudential PLCAGM
S&U PLCAGM
Staffline Group PLCAGM
Strix Group PLCAGM
WAG Payment Solutions PLCAGM
Yu Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
5 May 2022 14:35

IN BRIEF: WAG Payment reports more active customers

WAG Payment Solutions PLC - UK-based pan-European payment platform operator - Posts higher number of customers in the first quarter. Average number of payment solutions active customers rises by 14% to 16,221 from 14,244 a year ago. Net revenue in the quarter stands at EUR39.9 million, in line with management expectations. Average number of payment solutions active trucks climbs 8.9% to 87,085 from 79,965.

Read more
28 Mar 2022 10:15

SMALL-CAP WINNERS & LOSERS: Pure Gold Mining needs extra financing

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
25 Mar 2022 09:46

LONDON BROKER RATINGS: Next and B&M raised; British Land cut to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
24 Mar 2022 17:06

LONDON MARKET CLOSE: Europe cautious as US ramps up Russia sanctions

(Alliance News) - European markets stalled on Thursday, monitoring a NATO summit and the West's next steps against Russia as the conflict in Ukraine continues.

Read more
24 Mar 2022 11:07

Eurowag shares rise on 2021 revenue surge, but annual profit falls

(Alliance News) - WAG Payment Solutions PLC on Thursday said its revenue jumped by almost a third, as the recent Main Market listing reported growth in line with expectations for 2021.

Read more
24 Mar 2022 10:52

SMALL-CAP WINNERS & LOSERS: McColl's Retail falls as CEO departs

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
17 Mar 2022 16:29

UK earnings, trading statements calendar - next 7 days

Friday 18 March  
ContourGlobal PLCFull Year Results
Essentra PLCFull Year Results
Eurocell PLCFull Year Results
Investec PLCTrading Statement
J D Wetherspoon PLCHalf Year Results
S4 Capital PLCFull Year Results
Monday 21 March 
Photo-Me International PLCFull Year Results
Spectral MD Holdings LtdFull Year Results
Sthree PLCTrading Statement
Tuesday 22 March 
Alliance Pharma PLCFull Year Results
BioPharma Credit PLCFull Year Results
Circassia Group PLCFull Year Results
Diaceutics PLCFull Year Results
Diurnal Group PLCFull Year Results
IQGeo Group PLCFull Year Results
Longboat Energy PLCFull Year Results
Luceco PLCFull Year Results
MaxCyte IncFull Year Results
MP Evans Group PLCFull Year Results
Oxford Nanopore Technologies PLCFull Year Results
Pebble Group PLCFull Year Results
Real Estate Investors PLCFull Year Results
Sabre Insurance Group PLCFull Year Results
ScS Group PLCHalf Year Results
Softcat PLCHalf Year Results
Staffline Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
YouGov PLCHalf Year Results
Zotefoams PLCFull Year Results
Wednesday 23 March 
Dignity PLCFull Year Results
ECSC Group PLCFull Year Results
Henry Boot PLCFull Year Results
Judges Scientific PLCFull Year Results
Pendragon PLCFull Year Results
Saga PLCFull Year Results
SigmaRoc PLCFull Year Results
Thursday 24 March 
Arbuthnot Banking Group PLCFull Year Results
Atalaya Mining PLCFull Year Results
Big Technologies PLCFull Year Results
Biome Technologies PLCFull Year Results
Bonhill Group PLCFull Year Results
Bridepoint Group PLCFull Year Results
CVS Group PLCHalf Year Results
Energean PLCFull Year Results
EnQuest PLCFull Year Results
Eve Sleep PLCFull Year Results
International Public Partnerships LtdFull Year Results
Kin & Carta PLCFull Year Results
Next PLCFull Year Results
Safestyle UK PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Sopheon PLCFull Year Results
Starwood European Real Estate LtdFull Year Results
WAG Payment Solutions PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
17 Jan 2022 12:13

Eurowag shares up on double-digit annual revenue growth

Eurowag shares up on double-digit annual revenue growth

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.