17th Jun 2020 12:57
STM Group PLC - London-based cross-border financial services provider - Trading in the first four months of 2020 in line with the board's revised expectations. Sees limited impact on its ability to service existing customers and onboard new business. New business pipelines continue to build, albeit conversion timelines on flexible annuity remain slower than anticipated. Continues to actively pursue acquisitions to strengthen position as a niche pensions administrator in the UK market. Says well placed to navigate the challenges presented by Covid-19 pandemic.
Current stock price: 28.00 pence
Year-to-date change: up 17%
By Tapan Panchal; [email protected]
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