UK's Bango rises, H1 benefits from restructuring initiatives
25/09/2026 08:37
BUZZ-UK's Bango rises, H1 benefits from restructuring initiatives ** Shares of mobile payments firm Bango BGO.L up about 5.7% at 65p
** H1 rev grew 3% on year, driven by co's subscriptions segment which grew 13%
** Co says first half benefited from the full-period impact of the FY25 efficiency initiatives
** Says restructuring of non-core payment routes is expected to complete ahead of plan this year, with low-single-digit variation in reported revenue vs consensus market expectations and negligible impact on adj core profit
** Expects FY 2026 to be in line with current market expectations
** YTD, Stock fell about 30%
(Reporting by Jahanvi Kothari in Bengaluru)