Innovation slips despite growth

Innovation Group, the business software and processes firm, saw its share price drop 2.1 per cent yesterday despite reporting
22 per cent profit growth to £14.4m during the year to 30 September. Investors were troubled by the company’s North American operations that reported a £1.2m loss. However, the company said restructuring efforts would return the region to profit next year. Innovation’s share price closed at 34.2p yesterday.