Date: Wednesday 27 May 2015
LONDON (ShareCast) - 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: "The decision to cease providing airport lounge access services is a further step forward towards CPP becoming a more focused, sustainable and profitable business."
The closure of Airport Angel is not anticipated to have a material impact on the group's expected profitability in 2015 or beyond.