UK's Cab Payments falls on CFO Richard Hallet's exit
10/02/2025 08:41
** Shares of cross-border payments processor CAB Payments
CABP.L down 1.3% at 62.3 pence
** Stock among top losers on FTSE small-cap .FTSC index,
which is up 0.24%
** Co says Richard Hallet to step down as CFO after 9 years
** Matthew Talty, group head of banking, to assume the role
of interim finance leader
** "CAB is still in transition, and ongoing management
changes suggest it may take longer for business to stabilise and
return to sustainable growth trajectory," Peel Hunt analysts say
** "While Hallet is considered "good leaver", his immediate
exit introduces near-term uncertainty" - Peel Hunt
** CAB Payments stock fell ~17% in 2024
(Reporting by DhanushVignesh Babu in Bengaluru)
((DhanushVignesh.Babu@thomsonreuters.com;))