Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Moneygram International Inc    MGI

MONEYGRAM INTERNATIONAL INC (MGI)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Cboe BZX - 07/18 06:05:57 pm
6.65 USD   +0.61%
12:01pMONEYGRAM : Expands Digital Service Across the Globe
PR
12:01pMONEYGRAM INTER : Expands Digital Service Across the Globe
AQ
07/10MONEYGRAM : to Release Second Quarter 2018 Results
PR
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Moneygram International : Britain's open to foreign investment, trade minister Fox tells China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/03/2018 | 02:55pm CEST
Britain's International Trade Secretary Liam Fox speaks during an interview at the residence of the British embassy in Beijing

BEIJING (Reuters) - British trade minister Liam Fox said on Wednesday that London would continue to welcome foreign investment, after a U.S. panel rejected a Chinese acquisition of a U.S. money transfer company on national security concerns.

Fox was on a visit to China, the latest instalment in long-running economic talks between China and Britain, which has taken on new importance for Britain as it looks to re-invent itself as a global trading nation after leaving the European Union in 2019.

The U.S. rejection of China's Ant Financial's acquisition of MoneyGram International Inc is the most high-profile Chinese deal to be torpedoed under the administration of U.S. President Donald Trump.

Asked whether Britain would serve as an alternative destination for such Chinese investment, Fox told Reuters in an interview that he hoped the investment relationship would "work in two directions", but that Britain would remain open.

"Of course, we would look, as other countries would do, at our security issues in terms of investment. But the UK has traditionally been an open country, welcoming of foreign direct investment. And we'll continue to do that," Fox said.

He did not comment specifically on the U.S. panel decision.

China is one of the countries with which Britain hopes to sign a free trade pact once it leaves the EU, and London and Beijing have been keen to show that Britain's withdrawal from the bloc will not affect ties.

Fox said that the issue of China's service sector openness was a "big issue" for Britain, but that there were more options than a post-Brexit free trade agreement (FTA) to get Beijing to open, including specific service sector agreements and mutual recognition deals.

"There are a whole range of tools in the box. And people tend to talk as though an FTA is the only tool we have available in terms of trade liberalisation. It's not," he said.

The focus on a "Golden Era" of relations, trumpeted by China and Britain in 2015 when then-prime minister David Cameron hosted a state visit by Chinese President Xi Jinping, has cooled under Cameron's successor, Theresa May.

In 2016, May caused a diplomatic spat by unexpectedly deciding to delay approval of a partly-Chinese funded nuclear power project. She later granted it, but not before drawing criticism from Beijing.

May is expected to visit China later this month accompanied by a business delegation, diplomatic and business sources have told Reuters, though the trip has not been formally confirmed.

(Reporting by Michael Martina; Editing by Nick Macfie)

By Michael Martina

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONEYGRAM INTERNATIONAL IN
12:01pMONEYGRAM : Expands Digital Service Across the Globe
PR
12:01pMONEYGRAM INTERNATIONAL : Expands Digital Service Across the Globe
AQ
07/13MONEYGRAM INTERNATIONAL : Do not send strangers money in your name, expatriates ..
AQ
07/10MONEYGRAM : to Release Second Quarter 2018 Results
PR
07/10MONEYGRAM : and UK Post Office Extend Long-Term Partnership
PR
07/09Free Research Reports on LendingClub and Three More Credit Services Stocks
AC
07/05MONEYGRAM INTERNATIONAL : Launches New Banking Program "Send to Account"
AQ
06/30ALIBABA : taps blockchain
AQ
06/28Worsening trade row deepens chill felt by Chinese dealmakers seeking to do U...
RE
06/28Worsening trade row deepens chill felt by Chinese dealmakers seeking to do U...
RE
More news
News from SeekingAlpha
07:09aMoneyGram expands to five new nations 
07/10MoneyGram extends partnership with U.K. Post Office 
06/11Genworth Set To Fly On CFIUS Approval 
05/09FINANCIALS - TOP 5 GAINERS / LOSERS : 00 pm (05/09/2018) 
05/08MoneyGram plunges after big Q1 miss; FY18 declines expected 
Financials ($)
Sales 2018 1 560 M
EBIT 2018 89,0 M
Net income 2018 21,2 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 20,82
P/E ratio 2019 12,88
Capi. / Sales 2018 0,24x
Capi. / Sales 2019 0,23x
Capitalization 367 M
Chart MONEYGRAM INTERNATIONAL IN
Duration : Period :
Moneygram International In Technical Analysis Chart | MGI | US60935Y2081 | 4-Traders
Technical analysis trends MONEYGRAM INTERNATIONAL IN
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 8,88 $
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
W. Alexander Holmes Chairman & Chief Executive Officer
Kamila Chytil Global Chief Operations Officer
Lawrence Angelilli Chief Financial Officer & Executive Vice President
Wayne F. Mcgurk Chief Information Officer & Executive VP
Ganesh B. Rao Director
Sector and Competitors
1st jan.Capitalization (M$)
MONEYGRAM INTERNATIONAL INC-49.85%367
FISERV17.24%31 588
WIRECARD65.36%22 130
FIRST DATA CORP34.95%20 949
FLEETCOR TECHNOLOGIES, INC.12.36%19 381
GLOBAL PAYMENTS17.66%18 817