CPPGroup's Blink Innovation Given Go Ahead To Trade By FCA

LONDON (Alliance News) - CPPGroup PLC on Thursday said the its UK subsidiary, Blink Innovation ...

Alliance News 7 December, 2017 | 3:07PM
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LONDON (Alliance News) - CPPGroup PLC on Thursday said the its UK subsidiary, Blink Innovation (UK) Ltd can now begin trading as a regulated insurance intermediary business after its application to the Financial Conduct Authority was approved.

CPPGroup bought Irish-based digital travel insurance Blink Innovation in March.

CPPGroup added that Card Protection Plan Ltd and Homecare Insurance Ltd will no longer seek to sell new insurance products to the UK and Ireland markets, but instead will concentrate on providing full service and support to their existing customers.

All new insurance customers in the UK market will be acquired Blink Innovation, the company said.

Shares in CPPGroup were up 9.0% at 14.30 pence on Thursday.

By Gem Sofianos; gemsofianos@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
CPPGroup PLC 9.90 GBX -2.70 -
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