20 October 2017
visit www.avoka.com

EasyScreen profit warning sends shares sliding - Bloomberg

01 November 2000  |  2675 views  |  0 EasyScreen profit warning sends shares sliding - Bloomberg

Bloomberg is reporting a 36 per cent fall in EasyScreen shares after the UK provider of derivatives trading software warned that second-quarter results will be significantly below expectations due to delays in setting up its Internet platform.

The company said it had addressed the problem and that revenue for the year will be "significantly affected", says the report on the Bloomberg Web site. Bloomberg say EasyScreen gave no indication of when the Internet platform would go live in a statement distributed through the UK's Regulatory News Service.

The newswire quotes Andrew Barrett, information technology analyst at Peel Hunt: "Also, they're having problems with their risk management system, which isn't mentioned. They believe that they've addressed these issues; we'll wait and see when the products come out."

Peel Hunt is advising rival FFastfill, which is seeking to raise between £15 million to £20 million through a share sale on the London Stock Exchange on 15 November.

EasyScreen shares fell as much as 65 pence to 117.5, knocking £28.7 million off its value, reports Bloomberg.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16076 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8325 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7896 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7308 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6643 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job