Wise sees 2026 pre-tax margin at top endUnderlying income up 16%Expanded share purchase programmeGlobal technology company Wise (WISE) jumped as much as 5% after the money transfer specialist, formerly known as TransferWise, said it expects to deliver an underlying pre-tax margin at the top end of the range in 2026.The shares have gained 8% over the last year and are up by around a fifth since...

Money transfer business raises growth guidance againShares fail to respond, drifting lowerProfits may be unsustainable as interest rates fallOn the face of it, today?s update from Wise (WISE) was all good news. The £9 billion business reported a strong third quarter that produced £276.6 billion of revenue, 30% active customer growth (to 7.5 million) and 18% growth in transaction volumes.With...

Midwich director Fenby adds to his portfolioBodycote non-executive director snaps up 10,000 sharesWise CFO sells over £211,000 sharesStephen Fenby group managing director at Midwich (MIDW:AIM), the global specialist audio visual distributor to the trade market, has bought 50,000 shares at 376p for a total value of £187,885 on 30 October 2023.Following this transaction, Fenby and 'persons...

Full year revenue and earnings beat market expectationsRaised growth guidance for 2024 above consensusEarnings revisions likely following growth upgradeShares in money transfer company Wise (WISE) surged 17% higher on Tuesday to 615.7p after raising growth and margin guidance for year ending 31 March 2024.Over the last year the shares are up around 65% but they remain well shy of the £11...

- Fourth-quarter and full-year income tops guidance- Market spooked by lower per-customer volumes- Almost £1 billion wiped off market capInvestors in UK fintech Wise (WISE), formerly known as Transferwise, must be wondering what the firm has to do to please the market after its shares were smashed down as much as 16% despite revenue growth beating forecasts in the latest quarter.The firm,...

What are shares, why do they exist, what rights do their holders enjoy and how can you make money from owning them?In this article we will answer these questions and help give you an introduction or refresher on the basics of share ownership.When companies list on a stock market they divide their capital into shares with each share representing a percentage ownership of the company.The primary...

It has been a busy year for IPOs (initial public offerings) in the UK with over 110 companies coming to the stock market, raising over £14 billion according to the London Stock Exchange, far outstripping the £9.3 billion raised last year.This follows similar trends seen in international markets, making 2021 the busiest year of IPO activity in over 20 years according to consultant EY.London...

Chrysalis Investments' (CHRY) net asset value (NAV) per share grew by 7.7% to 251.96p in the third quarter to 30 September 2021, taking year-to-date NAV growth to an impressive 39.4%.The private equity trust, which supports tech disruptors with later stage and pre-IPO funding, many of which are in the 'fintech' space, said the quarter was relatively quiet in terms of funding rounds, yet the...

Stocks rallied in afternoon trading almost taking the FTSE 100 back to last Friday's year-high.After a great deal of intra-day sector rotation, consumer staples and travel stocks littered the loser board while healthcare and financial stocks dominated the leader board.Despite its heavy weighting in export-driven companies and the rally in sterling, which advanced as much as 1% intra-day to...

Stocks traded sideways at lunchtime despite a strong showing from US technology stocks which fed through into Asian trading overnight.Gains in miners were offset by falls in travel, leisure and retail stocks as strength in energy and commodities stoked fears of a Christmas rate rise, which in turn drove the pound higher.At midday the FTSE 100 was virtually flat at 7,208 points while sterling...

UK stocks regained some poise on Tuesday helped by a strong showing from US technology stocks which fed through into Asian trading overnight with Japan's Nikkei 225 and Shanghai Composite indices both gaining close to 1%.The big five US tech names - Alphabet, Apple, Amazon, Facebook and Microsoft - all made gains overnight, adding between 1% and 3%.Brent crude prices were 0.3% higher at $84.30...

Investors jumped on DNA-sequencing company Oxford Nanopore Technologies (ONT) early on Thursday as its hotly-anticipated stock market debut went off with a bang.A favourite with one-time star fund manager Neil Woodford, Oxford Nanopore saw its share price surge nearly 45% in early trading to hit 616p in one of the UK's best-ever market debuts. That values the business at close on £5...

The FTSE 100 is poised for some significant changes in the coming 12 months such as the removal of BHP (BHP) from the index and GlaxoSmithKline (GSK) splitting into two businesses.The importance of sectors like resources, pharmaceuticals and insurance is likely to be reduced with consumer goods and banks potentially enjoying an increased weighting.Over time structural changes in the economy...

The FTSE 100 staged a late rally aided by a positive start on Wall Street to close on Wednesday 0.7% higher at 7,151.64, rebounding from yesterday's steep sell-off.The biggest blue-chip risers remained mostly unchanged from earlier in the day, with the miners still reaping rewards from the upsurge in commodities prices, while fintech unicorn Wise (WISE) enjoyed a strong first day on the London...

UK stocks came back from morning peaks but remained firmly in positive territory in early afternoon trading. At 12.15pm. the benchmark FTSE 100 was 0.55% higher at 7,139.66, while mid-caps were slightly softer, 0.4% at 22,983.The hotly anticipated listing of money transfer firm Wise (WISE) got off to a strong start to life on the London market with its shares opening at 800p and nudging up...

Share trading in money transfer business Wise (WISE) will kick off later today after the company saw its stock admitted to the London Stock Exchange (LSE) in what will be seen as a huge test of investor's appetite for high-growth fintech firms.The direct listing of its 994 million shares has been given a reference price of 800p, which is an estimated value from the LSE rather than a fixed...

After their worst session in nearly three weeks yesterday, UK stocks rallied on Wednesday with energy and mining stocks leading the gains. By 8.30am the FTSE 100 index of leading shares was up 34 points or 0.5% at 7,136 points.Elsewhere, investors seem to be questioning the strength of the global recovery with 'safe haven' trades such as US government bonds and the Japanese Yen attracting...