Alastair Lukies: Three things you didn’t know about the Monitise founder December 1, 2014 1 He grew up on a “pick your own fruit farm” where his dad received the Winston Churchill scholarship for entrepreneurialism in farming. 2 He left school at the age of 16 with four GCSEs and went on to become a professional rugby player before founding Monitise. 3 Alastair’s right ear is noticeably bigger than [...]
A bright new day for Monitise as new backers Santander, Telefonica and MasterCard join November 27, 2014 Monitise co-chief executive and founder Alastair Lukies felt vindicated yesterday after announcing three business giants had backed his mobile money business with a £49.2m investment and would all look to expand their commercial relationships with the company. And although no firm contracts were announced between Monitise and its partners, City A.M. understands that there could [...]
Monitise tanks by £300m after Visa mulls exit September 18, 2014 FORMER stock-market darling Monitise saw £290m wiped off its market valuation yesterday after its fourth-largest shareholder, Visa International, said it was considering the sale of its stake in the mobile banking firm. The revelation that Visa was “considering its options” for the 5.5 per cent holdings sparked a downwards spiral in the firm’s stock that [...]
Monitise share price tanks after Visa Inc reveals plans to reduce stake September 18, 2014 Monitise's share price is tanking today, after Visa Inc said it was looking at options to reduce its stake in the business. Shares in the British tech business had fallen more than 35 per cent at pixel time, wiping hundreds of pounds off its market value and making it the biggest single loser on [...]
Monitise share price dips as mobile banking firm eyes move to FTSE September 15, 2014 Aim-listed Monitise could consider a move to the main London Stock Exchange market as soon as this financial year, the mobile banking and payments firm’s chief executive told City A.M. yesterday. “The fact that we’ve reiterated that we’re seriously considering [a move to a main listing] shows that we’re thinking imminently, hopefully within this financial [...]
Monitise’s information chief walks out after share price boom September 1, 2014 Mobile transactions firm Monitise yesterday announced the surprise departure of its information chief with immediate effect. Monitise, whose shares soared 13.2 per cent last Wednesday after the mobile banking and payments firm announced a deeper alliance with business giant IBM, said Mike Keyworth would remain a technology adviser to the firm. Shares fell 1.5 per [...]
Monitise share price soars on extension to IBM partnership August 27, 2014 London-listed Monitise saw its shares soar 13.2 per cent yesterday after the mobile banking and payments firm announced a deeper alliance with business giant IBM. This would include the transfer of teams from Monitise’s development and implementation workforce to IBM. Monitise sells white-label mobile banking software – used by customers including Visa, Natwest and HSBC [...]
Monitise share price jumps as firm agrees IBM partnership July 21, 2014 Mobile payments firm Monitise yesterday announced it has expanded its partnership with US business giant IBM to deploy new mobile banking, payments and commerce solutions. Shares in Monitise jumped 4.1 per cent yesterday to close up at 44p. The deal combines IBM’s financial services and retail industry expertise with Monitise’s mobile banking and payments capabilities. [...]
Monitise share price hit after revenue warning July 8, 2014 Monitise, the mobile banking and payments service, yesterday downgraded its revenue growth forecasts for the second time this year, as its business model shifted. The Aim-listed company said it expected revenue for the financial year to be between £95m and £97m, equating to revenue growth of between 31 and 33 per cent, down from its [...]
Monitise triumph in O2 Rugby challenge May 19, 2014 HAVING ex-rugby player Alastair Lukies as your founder and counting ex-pros such as Matt Perry as employees makes for a formidable corporate rugby team, as Monitise proved by winning the O2 Touch Rugby challenge at Twickenham last week. They beat the likes of City of London Police and Santander to take the title. The winning [...]