CPL in the black and on the acquisition trail

I'm only catching up on my CPL news now but in a note last week Goodbody analyst Dan Cavanagh said he was expecting operating profit of €4.9m for CPL in the year to June 30.

CPL Resources,has warned in a trading statement that the outlook for the group for the remainder of 2009 remains uncertain."It is impossible to predict with any accuracy whether the markets in which the group operates will experience any significant improvement in the foreseeable future," the company said yesterday. Shares in CPL finished down over 2pc at €1.35 yesterday.

Also, the company has been on the acquisition trail by agreeing to buy the business and assets of Kenny Whelan & Associates from the receiver of Newcourt, David Carson of Deloitte. To learn more go here, and here.