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CPPGroup Agrees GBP2.5 Million Payment To Terminate IT Platform Deal
LONDON (Alliance News) - Loss protection insurer CPPGroup PLC said Friday it has agreed a GBP2.5 million settlement to terminate its IT platform agreement with current partner SSP Ltd.
The news follows CPP's statement in September it intends to develop its own IT platform, at the cost of a GBP6.5 million write-off on capital expenditure and a cash payment to SSP.
The payment to SPP will be completed by Saturday, said CPP.
Shares in CPPGroup closed up 1.7% at 14.50 pence Friday.
By Adam Clark; adamclark@alliancenews.com
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest CPP News
- WINNERS & LOSERS: Jet2 record passengers; Victoria agrees refinancing
1 day ago - JP Jenkins-15 down 2.5% in June; QPlay and Bisichi added to index
2 days ago - WINNERS & LOSERS: Ingenta falls after future earnings warning
25 Jun 2026 - WINNERS & LOSERS: Ingenta falls after future earnings warning
25 Jun 2026 - UK shareholder meetings calendar - next 7 days
23 Jun 2026 - CPPGroup hails InsurTech platform Blink as starts 2026 with "momentum"
2 Jun 2026 - TRADING UPDATES: Eleco sells subsid; Ilika battery deal with Brompton
10 Apr 2026 - LONDON MARKET CLOSE: FTSE 100 ends higher as oil price gains moderate
16 Mar 2026
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Cppgroup News
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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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(Alliance News) - Stock prices in London closed mostly lower on Monday, after a busy day for those observing the Middle East conflict with oil prices ...
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