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IN BRIEF: Tungsten shares surge 16% higher on Amazon contract win

3rd Dec 2021 10:52

Tungsten Corp PLC - London-based digital financial management products provider - Shares soar after announcing contract win with Amazon.com Inc to support automated invoice processing for joint finance and procurement customers. Tungsten will support Amazon in its global e-invoicing program in Europe and the US. The partnership will enable customers to automate the processing of Amazon Business invoices via the Tungsten e-invoicing network, company states.

Tungsten Chief Executive Paul Cooper comments: "We are delighted to work with Amazon Business to enhance our value to current and new customers, this is the future of digital procurement. Tungsten offers customers the flexibility to integrate with any procurement platform and the ability to deliver exceptionally high levels of straight-through processing."

Current stock price: 33.56 pence, up 16% Friday

Year-to-date change: up 12%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.


Related Shares:

TUNG.L
FTSE 100 Latest
Value8,875.22
Change24.59