What happened to cab payments?

The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £851 million, in July 2023. On 24 October 2023, only three months after its IPO, CAB Payments issued a profit warning causing its share price to collapse by 74% on the day.

Who is cab payments Holdings plc?

CAB Payments Holdings plc is a British payment processing and foreign exchange business. It is listed on the London Stock Exchange. The business originated when the Crown Agents ' business was consolidated under two Joint Agents General for Crown Colonies with an office of several staff in 1833.

Will cab payments hit a revised revenue target?

Our Standards: The Thomson Reuters Trust Principles. CAB Payments , whose stock plunged more than 70% last month after a profit warning, has pledged to some investors it will hit a revised 2023 revenue target and publish a trading update in January, as the cross-border payments processor fights to win back market trust.