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Insurance

CPPGroup top of London's gainers as it lifts profit forecast

The group offers clients assistance services in a range of areas including lost and stolen credit cards

CPPGroup Plc (LON:CPP) soared to the top of London's gainer board on Friday as it upped its forecast for operating profit for full year 2016.

The group offers clients assistance services in range of areas including lost and stolen credit cards, identity theft, and passport assistance.

The firm put the upswing in expectations down to a continued focus on cost control, and increased sales in the Indian business, and the impact of a weaker sterling on European operations.

In addition, it said it continues to negotiate an agreement, announced in September, with insurance software provider SPP to develop an IT platform on the company's systems.

Shares soared almost 49% to 8.06p.

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