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.
-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 email@example.com
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