ASIC has noted the decision by AusTex Oil Limited (AusTex) to make a US$6.17 million impairment charge against oil and gas assets in its financial report for the half-year ended 30 June 2017. ASIC had raised concerns about the value of oil and gas assets in the AusTex financial report for the half year ended…
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LUZ Soluções Financeiras, a Brazilian supplier of financial technology founded in 1999 and active across Latin America, announced that has partnered with ULLINK, the global provider of connectivity and electronic trading solutions, to provide turnkey solutions for clients of its front to back solutions. The new, extended trading platform will enable LUZ clients to connect…
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Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) just announced its results for the six months ended 30 June 2017, together with a trading update for the period to 22 August 2017. Before getting to the macro details, Playtech's financials provided quite a lot on insight into how its Financials division is doing,…
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Payments services company Paysafe Group Plc (LON:PAYS) announced today that it has completed the previously announced acquisition of substantially all the assets of Delta Card Services Inc., the holding company for Merchants’ Choice Payment Solutions (MCPS), a payment processor based in the Houston suburb of Shenandoah, Texas. Todd Linden, MCPS CEO, will join Paysafe as…
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Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) just announced it has agreed to acquire technology, intellectual property and certain customer assets (together 'the assets') from ACM Group Limited (known in the industry as Alpha) as it continues to enhance its Financials Division's B2B offering. As a result of the acquisition of the…
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FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) announced today that, in connection with GAIN Capital's private offering of 5.00% Convertible Senior Notes due 2022, the initial purchasers have exercised in full their option to purchase an additional $12.0 million in aggregate principal amount of the notes. The full exercise of the option to purchase additional…
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Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter of its fiscal year 2017. Richard J. Daly, President and Chief Executive Officer commented: Broadridge ended fiscal 2017 on a strong note, driving record results. Revenues rose 43% to $4.1 billion, fueled by 6% organic growth in recurring fee revenues and the…
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Retail forex broker FXCM Group and Leucadia National Corporation (NYSE:LUK) today responded to questions from FXCM’s customers regarding FXCM’s relationship to Global Brokerage, Inc. (NASDAQ:GLBR). Leucadia, a diversified holding company with a $8.5 billion market value, holds a 49.9% equity interest and up to a 65% economic interest in FXCM and is firmly committed to…
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Sketch-to-Scale solutions provider Flex (NASDAQ: FLEX) announced that on August 15, 2017, it received shareholder approval to purchase up to 20% of its outstanding shares. Since the beginning of fiscal 2012 through the first quarter ended June 30, 2017, the Company repurchased approximately 298.8 million shares for approximately $2.6 billion and retired all of these shares.…
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HSBC (NYSE:HSBC) announced that has has selected Capita’s Omiga mortgage software, as the bank seeks to further grow its broker distribution channel for mortgages. Capita’s software will provide a single platform which drives greater automation, making it easier for brokers to transact with lenders, upload documents, and track details of mortgage applications and decisions. The…
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