FINANCE: The south London integrated care trust has delivered £7.7m of its £8.4m cost improvement programme, its latest finance report said.

The report said the £740k shortfall included £386k of unidentified schemes for which a “contingency of £467k has been released”.

It added that savings in the first eight months of 2011-12 only made up 60 per cent of the trust target.

The organisation is still predicting a financial risk rating of three at the end of the year.