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Jarden Brief: Stocks surge as millions of Americans receive US$1400 stimulus payments
15 Mar, 2021 07:25 PM
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Macy s stock surged 12 per cent as US stimulus payments started going out to millions of Americans. Photo / Getty Images
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The NZX closed Monday s session up 1.3 per cent. The best performing sector for the day s trading was health care increasing 2.5 per cent.
Tilt Renewables share price increased by 17.4 per cent to $7.61 after the firm announced it had entered into a Scheme Implementation Agreement, whereunder Powering Australian Renewables (PowAR) will acquire Tilt Renewables Australian business, and Mercury NZ (+0.5 per cent) would acquire the New Zealand arm. Under the agreement, Tilt
Verra Mobility Announces Fourth Quarter and Full Year 2020 Financial Results
Full year 2020 revenue of $393.6 million
Generated cash flows from operations of $46.9 million
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MESA, Ariz., March 1, 2021 /PRNewswire/
Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today financial results for the fourth quarter and full year ended December 31, 2020. We are pleased with our execution throughout this challenging year and we ended 2020 on a high note with a solid quarter. Additionally, we are incredibly excited about the strategic acquisition of Redflex and the value it will add to our Government Solutions segment, said David Roberts, Chief Executive Officer, Verra Mobility. As the pandemic s effect on the global economy subsides, we believe our balanced product portfolio and long-term smart city innovation initiatives give us the ability to maintain momentum throughout 2021 and support our
In July 2019, Wameja Limited ( Wameja or the Company ) sold all the issued capital of eServGlobal Holdings SAS and its subsidiaries ( eServGlobal ) to Seamless Distribution Systems AB ( Seamless ). The sale comprised the effective sale of Wameja s operating business. The sale and purchase agreement ( SPA ) included an indemnity under which Wameja agreed to indemnify and hold Seamless harmless against any direct loss, damage or liability related to the lack of renewed licences for eServGlobal s use of a specific third party s intellectual property ( the Indemnity ). The third party is the provider of software embedded in all deployments of eServGlobal s Paymobile platform, eServGlobal s primary product.
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, provides a further update regarding the Scheme of Arrangement ( Scheme ) proposed under the Scheme Implementation Agreement ( SIA ) with Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard ( Mastercard ), as announced on 10 September 2020 ( Announcement ) . In its announcement of 23 October 2020, Wameja advised that Seamless Distribution Systems AB ( Seamless ), the purchaser under the sale and purchase agreement for the sale of Wameja s core business that completed on 25 July 2019 ( SPA ), had given notice of a potential claim under the indemnity given by Wameja to Seamless in the SPA in respect of licences for certain third party intellectual property utilised by Botswana Telecommunications Corporation Limited ( BTC ), as a user of eServGlobal s Paymobile platform ( Initial Notice ).