- CPPGroup's revenues from continuing operations are 41% down on last year.

But the group says its performance since the start of the year has been consistent with the trends outlined in the group's full year results announcement on 24 April.

The group says the fall in revenue was primarily due to the performance of the UK business.

CPPGroup says it remains focused on costs and, as previously announced, the significant cost saving measures identified in 2013 are expected to realise annualised savings of approximately £15.0m.

Chief executive Brent Escott said: "We continue to make good progress. Our priority is to strengthen the group as we develop our longer term strategy for growth and move forward with a more stable foundation. We are focused on completing the process to review claims and, where appropriate, pay redress, managing our costs and continuing to make the improvements and changes required as we rebuild, improve, modernise and evolve."

At 8:22am: [LON:CPP] CPP Group PLC share price was -0.25p at 9.5p

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