CPPGroup materially ahead of forecasts

CPPGroup, the international assistance business, expects underlying operating profit for the full year ended 31 December to be materially ahead of the forecasts detailed in the interim results.

It says this is due to a combination of continued focus on cost control across the group, increased sales volumes in its Indian business, and the impact of a weaker sterling on the results of its European operations.

An update says: "Additionally, further to the Group's announcement on 14 September 2016, regarding the decision to develop an IT platform on its existing systems, CPP continues to negotiate an agreement with SSP Limited and will provide an update on the final outcome in due course."