Shares in CAB Payments plummet 70% after gloomy update

Shares in CAB Payments dropped by 70 per cent after the FinTech issued a depressing trading update. The company now has a market cap of £152.49m – down from its valuation of £851m when it underwent an IPO just three months ago. The Sutton-based payments infrastructure company raised £335m from investors in July, in what … Continue reading Shares in CAB Payments plummet 70% after gloomy update