CORRECTED - STOCKS NEWS UK SMALL-NETeller up on solid Q3 trading

Fri Oct 31, 2008 11:07am EDT
 
[-] Text [+]

(Corrects NETeller's expected pretax profit figure to dollars, not pounds)

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Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

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12:17GMT 31Oct2008-NETeller up on solid Q3 trading

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Shares in NETeller NLR.L rise over 6 percent after the online payment company says its e-wallet business shows underlying growth in Europe and Asia Pacific during the third quarter and that it is confident of meeting a pretax profit target of $12 million for the year to the end of December.

"NETeller says third quarter trading is in-line and that full year expectations will be met ... It's a great business, there's cash to be returned and no debt, which makes it an interesting investment case even in a humdrum world," says Evolution analyst Ivor Jones.

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12:00GMT 31Oct2008-Seniorjumps on hopes for Boeing strike deal  Continued...