UK's CAB Payments tops midcaps index after unit gets license for New York office

Cab Payments Holdings

04/06/2025 08:33

** Cab Payments Holdings CABP.L rises 9.1% to 45p; top gainer on FTSE small cap index .FTSC

** Money transfer group's unit, Crown Agents Bank, gets licence to operate a U.S. representative office in New York

** Says New York office will act as regional business hub

** Equity Development analysts say, "We would expect this development to boost growth in greater Americas region, particularly the LATAM regions of South and Central America"

** YTD, CABP sheds 34.5%

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))