Jason Walsh returns to CPPGroup as CEO
6th May 2016 11:08
(ShareCast News) - International assistance business CPPGroup announced Jason Walsh as its new group chief executive on Friday, with effect from 16 May. The AIM-traded company said Walsh will also be joining the board of directors from the end of its annual general meeting on 18 May. Walsh was an e
Read moreCPP files injunction to prevent founder Ogston from voting in EGM
11th Apr 2016 16:16
(ShareCast News) - CPP Group has issued proceedings in the High Court against its founder and main shareholder, Hamish Ogston. The former payment protection insurance company, originally founded in 1980 as Credit Protection Plan before it was later fined by regulators, forced to pay £73m compensatio
Read moreCPP Group appoints Michael Corcoran as CFO
2nd Oct 2015 09:53
(ShareCast News) - International assistance business CPP Group has appointed Michael Corcoran as chief financial officer and a director of the company. Corcoran has more than 20 years' experience in senior finance roles in regulated financial services businesses and served as the International CFO f
Read moreCPP Group surges after lifting FY guidance
21st Aug 2015 10:04
(ShareCast News) - Shares in CPP Group soared over 27% early on Thursday, after the financial services and telecoms group said it expected its operating profit for the year to be significantly higher than expected. The London-listed company, however, warned that its revenue will be "materially lower
Read moreCPP Group appoints Roger Canham as executive chairman
3rd Jul 2015 08:32
CPP Group announced that Hornby's Roger Canham will succeed Eric Anstee as executive chairman, effective immediately. Canham, who is already a non-executive chairman at the models and collectibles group, will bring six years of chairing experience with Phoenix Asset Management Partners to the role.
Read moreCPP Group's chief financial officer to step down
25th Jun 2015 08:13
CPP Group's chief financial officer (CFO) has announced his intention to step down after 13 years with the business. Craig Parsons has held a senior position in the group's finance arm since 2003 and has served as CFO since September 2013. He played a leading role in refinancing the life assistance
Read moreCPP shares surge on closure of Airport Angel
27th May 2015 10:38
Shares in international assistance business CPP Group surged 15% on Wednesday after the company said it intends to cease providing airport lounge access services under the Airport Angel brand, as part of its plans to increase the focus of its other operations. Chief executive Stephen Callaghan said:
Read moreCPP's insurance policy mis-selling bill rises by £3m
5th Dec 2014 09:37
Credit card protection insurance business CPP Group has increased its bill for compensating customers for alleged mis-selling, wiping a third off the company's shares. CPP, which was hit by a £10.5m fine from the Financial Conduct Authority in 2012 for mis-selling of policies, said its provision for
Read moreCPP names Duncan McIntyre as Non-Executive Chairman
29th Jan 2014 13:12
CPP Group, the British-based company selling life assistance products, announced on Wednesday the appointment of Duncan McIntyre as Non-Executive Chairman with immediate effect. McIntyre will succeed Charles Gregson, who announced his intention to step down on December 2013. Since January 2011, Mc
Read moreFriday newspaper round-up: China, Apple, CPP...
10th Jan 2014 07:30
China became the world's biggest trader in goods for the first time last year, overtaking the US for all of 2013 and finishing the year with record trade figures in December. Coming fast on the heels of China taking over as the world's largest oil importer, the shift is another milestone as the coun
Read moreSector movers: Non-life insurers hit as RSA disappoints
11th Nov 2013 16:02
Another gloomy update from RSA meant that the non-life insurance sector was the worst-performing category on Monday with the group's share price dropping by as much as a tenth in afternoon trade. The company revealed that it has launched an independent review of its financial and regulatory reporti
Read moreCPP falls further as miss-selling compensation looms
30th Oct 2013 09:49
Revenues have fallen badly at credit card insurance provider CPP Group as it prepared to pay compensation as part of the miss-selling scheme. The AIM company, which appointed new Chief Executive and Chief Financial Officers in September, said group turnover fell 38% since June 30th. Renewal rates
Read moreCPPGroup in talks with lenders to refinance
17th Apr 2013 08:43
CPPGroup said on Wednesday it has proposed the disposal of its North American business to AMT Warranty Corp. following talks with lenders to turnaround its financial struggles. The British-based insurance company is in discussions with existing lenders, Barclays Bank, the Royal Bank of Scotland an
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