CPP tanks after losing Barclaycard contract

Shares in identity theft and credit card insurer CPP hit a 52-week low of 105p on Wednesday after Barclaycard said that it will not renew its contract which is set to expire on March 31st.

Shares in identity theft and credit card insurer CPP hit a 52-week low of 105p on Wednesday after Barclaycard said that it will not renew its contract which is set to expire on March 31st.

Back in March, Barclaycard stopped sales using CPP's 'call-to-confirm' services after it was announced that the Financial Services Association (FSA) had raised sales-related issues with its certain products. The move saw CPP's shares tank from the now-current 52-week high of 310.8p to the 150p mark.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.