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PAY — PayPoint News Story

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UK's PayPoint rises, backs medium-term financial target

BUZZ-UK's PayPoint rises, backs medium-term financial target

** Shares of payments company PayPoint PAYP.L up about 1.3% at 639p

** PAYP says focused execution across its four business units, strong cash generation and disciplined capital allocation give co confidence in delivering sustainable growth, attractive shareholder returns

** Co reaffirms medium-term financial target of delivering 5%–8% net rev growth per annum

** YTD, stock rises 32%


(Reporting by Jahanvi Kothari in Bengaluru)

((jahanvi.kothari@thomsonreuters.com))

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