Innovation (LSE:TIG)
Historical Stock Chart
1 Year : From May 2012 to May 2013
LONDON--Innovation Group PLC (TIG.LN), a provider of business process services and software solutions, Friday said its board is confident that the group's performance remains on track to meet its expectations for the current financial year.
MAIN FACTS:
-Trading for the period from April 1 to date has continued positively.
-Signed a full and final settlement, at no further cash cost, with Allstate Insurance Company of Canada in respect of all outstanding litigation by Allstate against Innovation and Innovation Canada.
-Continues to generate good levels of cash from its operations, and the conversion rate of EBITDA to operating cash flow remains strong.
-Progress with Insurer software suite during the year has been good.
-Insurer version 7.2 has been successfully implemented with Real Insurance, an Australian based mid tier insurer and part of the Hollard Group.
-Shares on Thursday closed at 19 pence.
-Write to Tapan Panchal at tapan.panchal@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
