EML Payments eyes best day in near 3 weeks on Spanish stimulus partnership

EML Payments

06/07/2022 02:35

** Shares of Australian payments solutions provider EML
Payments  EML.AX  jump as much as 8.8% to A$1.398, on track for
their biggest intraday pct jump since June. 17 
    ** Co says its partner and European client Correos will
collaborate to work on a new Spanish govt economic
stimulus urn:newsml:reuters.com:*:nFWN2YM110
    ** Says the stimulus will support the country's cultural
sector impacted during COVID-19, adding that the total value
under the stimulus program is projected to be A$320 million 
($218.08 million)
    ** Shares hit their highest levels since June 28 
    ** EML down 60.2% this year, as of last close, vs a 10.9%
decrease in the benchmark S&P/ASX 200 index  .AXJO  

($1 = 1.4674 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))