DAILY BRIEFING: Payments processing firm Adyen sees share price almost double


City & Finance Reporter for the Daily Mail

Payments processing firm Adyen has seen its share price almost double

Payments processing firm Adyen has seen its share price almost double

Payments processing firm Adyen has seen its share price almost double

TRADE TRIUMPH Payments processing firm Adyen saw its share price almost double as it started trading on the Dutch stock exchange.

The company, whose technology is used by Facebook, Netflix and eBay, was initially valued at £6.25billion, but by the end of the day it was worth more than £12billion.

CASH CONVERTER Wealth manager Charles Stanley has reported a 30 per cent jump in profits to £11.4million for the year to March 31. 

Annual results showed total funds under management edged 0.8 per cent lower to £23.8billion.

DATA CRASH Britain’s competition watchdog has raised concerns over a proposed merger between data firm Nielsen and Ebiquity’s marketing analysis business.

The Competition and Markets Authority has given the two firms until June 20 to offer a solution or face an in-depth probe. 

The CMA said ‘competition may be significantly reduced if the merger went ahead as planned’.

SLOW DOWN Industrial production in the eurozone fell by 0.9 per cent in April – providing further evidence that the single currency bloc’s economy is slowing after a brief recovery.

The figures came as the DIW economic institute slashed its growth forecasts for Germany from 2.4 per cent to 1.9 per cent for this year and from 1.9 per cent to 1.7 per cent for next year.

RIG DEAL Oil services firm Ades says it is expecting full-year results to be in line with expectations. 

It has just bought three Saudi-based offshore rigs from Nabors Industries, which will start bringing in revenue immediately.

METAL MINER Platinum miner Tharisa has bought a 26.8 per cent stake in Karo Holdings for £3.39million, giving it access to an area covering around 23,903 hectares in the Great Dyke hills area of Zimbabwe.

NEW SHARES Oil and gas company Upland Resources is selling 120m new shares at 2.5p each. 

The cash raised will be used to fund its Wick well in the North Sea as well as ventures in Malaysia and Africa.

STAFF STRUGGLES Half of businesses are struggling to find suitably qualified staff, leading many to recruit candidates who can be trained on the job, a study by recruiters Robert Half claims.

ENERGY FUND Solar power investment firm Next Energy Solar Fund says net asset value has increased from £479million to £605million.




Source link