Share price jumps 14% at CPP after acquisition
The share price at credit card insurance company CPP Group closed 14% up last Friday following the announcement that it was set to acquire a new company about to launch some
CPP’s share price closed on 14.25p on Friday 17 March, its biggest hike since January. It has undertaken a major restructure of the business which directors said would cost £6.5m, but profits are expected to be ahead again and the new acquisition is a positive sign for the group’s recovery efforts.
The York-based company announced at the end of last wee... For the full story register now for free or login below...