In an update ahead of its AGM on Monday John Pearson, chairman of the e-banking and payments group, said the company’s year to date in 2019 had been strong in terms of both turnover and improved margins, which he said was as a result of the “further rationalisation” of the company’s supply chain.
Pearson added that investments the firm had made last year were beginning to flow through in the current year through new products, including the granting of access to settlement accounts at the Bank of England, which would allow it to process payments made through its platforms in real-time.
As a result, the company expected its performance for the full year to be “in line with market expectations”.
In early deals the shares were up 1% at 111.1p.
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