CPP's profits set to be 'significantly' lower in 2012

Identity theft and credit card insurer CPP saw its shares tumble after admitting that the suspension of Identity Protection sales in the group's UK voice channels is continuing to have a material impact on the group's ability to sell its full range of products in the UK.

Identity theft and credit card insurer CPP saw its shares tumble after admitting that the suspension of Identity Protection sales in the group's UK voice channels is continuing to have a material impact on the group's ability to sell its full range of products in the UK.

As a result, next year's underlying group operating profit is set to be significantly lower than 2011 and weighted towards the second half of the year.

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