yea was thinking it might be, will see if it comes up again lol good call by kev if it is, and for the sake of a few quid (im guessing, as they usually are) ill replace it 
It's reporting the lambda as open circuit which does tend to suggest it has failed. However, with emissions that far out I might be inclined to think that the CTS is bad too. :-/ Wth the cat not working, I'd only expect about 2% CO if everything else is in order. Lambda could have failed as a consequence of a bad mixture (like, I suspect, the cat did).
It's a cheaper fix than the lambda sensor so I'd be inclined to give it a try. Failing that, if you've got a multimeter handy measure the resistance of the CTS both with the engine cold and hot. Easiest to look on a wiring diagram, work out the pin numbers at the ECU and test it there because it's awkward to get to the sensor. At a guess you should see a few hundred ohms when hot and over 1000 when cold but at any rate there should be a substantial difference.
Alternatively, get the live values checked on a tech 2.
Kevin