Just dumps US division

JUST Group is ditching its US business as it grapples with a sales slowdown.

The retirement-products business booked £276m of revenue in the first three months of the year, down 55pc from the same quarter in 2018.

The group – which offers pensions and equity release products to older people – is without a permanent chief executive and chief finance officer, and has suffered a 60pc fall in its share price over the past 12 months.

The company is now shutting a loss-making American arm to give future earnings a boost.

Just shares fell 7.6pc, or 4.95p, to close at 59.95p.