52 Week Range
As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay
3M AVG Volume
52 Week High
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FTSE Russell Says Will Retain Finablr Within Its Index Membership At Last Traded Price
Finablr Says Exercises Indicates Total Net Indebtedness May Be About $1.3 Bln
FTSE Russell Says Will Retain Finablr Within Its Index Membership
Finablr PLC is a United Kingdom-based company that provides cross-border payments and consumer solutions, consumer foreign exchange solutions and business to business (B2B) and payment technology solutions. The Company operates through three segments: cross-Border payments and consumer solution; consumer foreign exchange solutions; and B2B and payment technology solutions. The cross-border payments and consumer solutions segment is primarily composed of the its cross-border payments services that it provides through a range of its own brands, including Unimoni, Xpress Money, Remit2India and Travelex, as well as third-party brands. The consumer foreign exchange solutions segment comprises its purchase and sale of foreign currency, the sale of prepaid travel cards and the provision of value-added tax (VAT) refund services. B2B and payments technology solutions segment offers cross-border payments, stored value platforms, digital gifting and acquiring services to their customers.
Consumer Financial Services
207 Old Street
17th Floor, The Tower, The Bower
Bavaguthu Raghuram Shetty
Co-Chairman, Founder, Non-Executive Director
Michael Hardwick Tomalin
Co-Chairman of the Board, Independent Non-Executive Director
Chief Executive Officer
Group Chief Financial Officer
Group Chief Technology Officer
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Travelex said on Tuesday its debt holders will take control of the company and inject 84 million pounds ($105.60 million) of fresh liquidity, as part of a debt restructuring to help the currency service provider ride out the coronavirus crisis.
Travelex [TFPI.UL] has terminated a sale process as the offers it received were "unacceptable" to its revolving credit facility lenders and holders of senior secured notes, the troubled currency services provider said on Monday.
Troubled currency services provider Travelex [TFPI.UL] on Wednesday warned of defaulting on a 14.4 million euro ($15.6 million) coupon payment on some of its senior notes as it grapples with a hit to earnings amid the coronavirus crisis.
Currency service provider Travelex said on Wednesday it would default on a 14.4 million euro ($15.6 million) coupon payment on some of its senior notes as it grapples with a hit to earnings amid the coronavirus crisis.
* All Saudi Arabian banks decline but one * Aramco to announce Q1 earnings on Tuesday * UAE has no plans to follow Saudi in VAT increase By Ateeq Shariff May 11 (Reuters) - Saudi Arabia's stock market ended lower on Monday after the kingdom said it will triple value-added...
Abu Dhabi Commercial Bank (ADCB) <ADCB.AD>, UAE's third-biggest lender, reported an 84% fall in first-quarter net profit on Thursday as it took $292 million in impairments on debt exposure to troubled hospital operator NMC Health and payments group Finablr <FINF.L>.
Abu Dhabi Commercial Bank (ADCB) <ADCB.AD> reported an 84% plunge in first-quarter net profit on Thursday as it took 1.072 billion dirhams ($292 million) in impairments on debt exposure to troubled hospital operator NMC Health and Finablr <FINF.L>.
Struggling payments group Finablr said on Thursday it might have nearly $1 billion more in debt than what it reported previously after a review with its creditors and independent investigators.
Payments group Finablr <FINF.L> said on Thursday its debt position of $1.3 billion was materially above what was stated as of June 2019 following a review with its creditors and independent investigators.
The founder of troubled hospital operator NMC Health, BR Shetty, said on Wednesday a probe conducted by his own advisors has found alleged fraud at the firm and payments group Finablr and that he was working to clear his name.
April 23 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Currency service provider Travelex has put itself up for sale, the London-based company said on Wednesday, a month after parent Finablr warned that it was preparing for a potential insolvency.
Travelex Group said on Wednesday it has decided to seek offers for the sale of the foreign exchange company as part of its assessment of strategic options.
Abu Dhabi Commercial Bank (ADCB) <ADCB.AD> is in talks with troubled UAE hospital operator NMC Health <NMC.L> to tackle the company's financial defaults, the bank said on Thursday.
April 1 - Britain's FTSE 100 index is seen opening 157 points lower at 5,515 on Wednesday, according to financial bookmakers, with futures down 4% ahead of the cash market open.
Payments group Finablr <FINF.L> on Wednesday named Bhairav Trivedi as its chief executive officer, after his predecessor Promoth Manghat left when the company expressed doubts about its ability to continue as a going concern.
Finablr <FINF.L> said on Monday Ernst & Young LLP has resigned as its auditor after the company could not accommodate some of the requested adjustments on time that included changes to the composition of the payments group's board.
March 30 - Britain's FTSE 100 index is seen opening 9 points lower at 5,501 on Monday, according to financial bookmakers, with futures up 0.4% ahead of the cash market open.
Finablr said on Monday Ernst & Young LLP has resigned as its auditor after the company could not accommodate some of the changes requested by it on time, which included changes to the composition of the payments group's board. (https://reut.rs/2xyEJb8)
Foreign exchange company Travelex said on Friday it was shutting its UK bureaus for about eight weeks or more due to the coronavirus pandemic and that it was in talks with its stakeholders for continued access to funds.
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