Investments and investor services
FTSE 100 closes firmly lower as miners lag and attention turns to BoE rate decision
The Footsie closed Wednesday almost 96 points lower at 7,652.
Company
Capita PLC
LON:CPI
Capita is the UK’s leading business process outsourcing (BPO) and professional services company, offering back office administration and front office customer contact services to private and public sector organisations across the UK and Ireland.
232 stories · page 2 of 3
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Financial sector to hold most attention as Fed rate decision looms
The Fed rate decision is expected to come and go with little drama on Wednesday, with the decision from the Bank of England on Thursday more likely to cause upheaval
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Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Capita's contract with NHS England a 'shambles', say MPs
Capita apologised for “unacceptable failings" in relation to the delivery of its contract with NHS England
Capita weak on report UK MoD has suspended military firefighting services contract award
Reuters said the Capita contract suspension was made after the FTSE 250-listed firm’s rival Serco PLC began a legal challenge to the MoD decision
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FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
Capita on the front foot as it announces £30mln contract win with Southern Water
The contract marks an extension on Capita’s partnership with Southern Water
Capita shares gain as it sells Parking Eye business and announces contract win
Capita expects to raise more than £400mln from non-core disposals this year, ahead of its £300mln target.
Government to bring in tougher contract terms for outsourcers following Carillion’s collapse
Carillion went bust back in January, leaving the government scrambling to find cover for the services which it should have covered
FTSE 100 closes higher, buoyed by weaker sterling; Carnival goes about
The UK blue-chip index finished over 46 points higher, at 7,555..
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Oil in the spotlight as Petrofac reports trading update while possible Carpetright recovery eyed
The oil sector will be overshadowing trading updates from oil services group Petrofac, while investors will be hoping for a potential recovery for retailer Carpetright
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Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Citigroup ups its target price for Capita, repeats ‘buy’ rating, thinks outsourcer could have reached its nadir
Citigroup's analyst also upped the earnings per share estimate for the outsourcing firm for 2019-2020 by around 1% following recent news of the Ministry of Defence’s military fire and rescue services contract win
Investments and investor services
Capita jumps on MoD contract win, plus £160mln sale of non-core supplier assessment business
The outsourcing group said the sale is in line with its strategy of simplifying its business and to focus on key growth markets and added that it will use the injection of funds to reduce its indebtedness
Aggreko and Capita shares fall on Liberum initiation
Liberum initiated on Aggreko with a ‘sell’ rating and initiated on Capita with a ‘buy’ rating
Capita "still an enigma" but worth a dabble after the recent fund-raising
People have stopped talking about the prospect of Capita collapsing since it raised funds but conversations about the wisdom of relying on outsourcing continue
Capita raises £681mln to help pay down debts
The FTSE 250-outsourcer said its rights issue of 1bn new shares had closed on 24 May with acceptance of 973.5mln shares, or 97.25%
Catenae Innovation rallies as it proposes buying stake in Tribe of Noise
A look at some of the top risers and fallers in London today
Investments and investor services
FTSE 100 closes above 7,420 but gains capped by fall in Shell, US trade deficit in goods drops
Imports in the period fell 2.1%, while exports increased 2.4%
Shire takeover talk will overshadow results after Takeda upped the ante
Takeda on Wednesday increased its offer for Shire up to £46bn or £49 per share.
Utilitywise shares rise as new customers drive revenue growth
A look at some of the biggest risers and fallers in London on Monday
Capita unveils £701mln rights issue as it reports wider annual loss
Capita's 2017 loss steepened as it took a £551.6mln goodwill impairment
Investments and investor services
FTSE 100 closes higher, buoyed by hopes for City post-Brexit
FTSE 100 closed around 30 points higher at 7,398 on Minday
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Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
Capita receives welcome boost as it wins contract extension with BBC
Capita will continue to provide the BBC with audience feedback, ideas for programme-making and new ways to encourage public participation
Capita shares jump as Volkswagen extends customer services contract
The announcement comes in the wake of Capita unveiling a profit warning and plans for a £700mln rights issue in a January trading update.
Capita shares rise as ShoreCap upgrades the stock and commends turnaround plan
ShoreCap raised its rating on the stock to ‘hold’ from ‘sell’ with a target price of 152p
Investments and investor services
Markets nervous ahead of Capita finals, is it ‘the next Carillion’?
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
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Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
Gattaca drops as boss steps down with immediate effect, dividend cover doubled
A look at some of the biggest risers and fallers in the London market on Wednesday
FTSE 100 closes strongly higher as markets stabilise
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
Capita shares rebound as Morgan Stanley moves to 'equal-weight' rating
The outlook for Capita remains unclear until a strategic update later in the year, according to Morgan Stanley
FTSE 100 slides as dollar rallies on expectations of a March rate hike by the Fed
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
Capita taking right steps to recovery but UK political turmoil weighs, say analysts
Jefferies cut its rating on Capita to ‘hold’ from ‘buy’ and slashed its target price to 200p from 750p
Investments and investor services
FTSE 100 closes in red but broadcaster ITV shines
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
Capita collapse could create bigger headache than Carillion's demise
Capita won more than 10 times the number of UK public sector contracts awarded to Carillion over the past two years, according to data firm Tussell
Investors hang up on TalkTalk as Exane slashes price target and forecasts another cut to the divi
Some of the main news-driven share price changes in London on Wednesday ...
Capita shares plunge as it warns on profits and announces £700mln rights issue
Capita's profit warning comes in the wake of the collapse of fellow contractor Carillion earlier this month
FTSE 100 ends lower as pound firms; housebuilders weigh
Britain's top tier index closed around 54 points lower at 7,533
Capita shares rally as M&S extends digital customer contact partnership by further five years
In a statement, Capita said the contract renewal and expansion commences April 2018 and is worth approximately £70mln over the contract term
Capita shares drop as Prudential terminates contract for UK life and pensions administration
The FTSE 250-listed outsourcing group said Prudential has decided to terminate the contract as part of a wider customer and technology transformation programme
Crowdfunding platform ENVESTORS says equity investments via its investor network surpass £100mln
To date, ENVESTORS has facilitated investments in 212 companies, with multiple funding rounds resulting in over 810 deals in those businesses
Capita shares drop as it warns of 'subdued' outsourcing market
Capita said it still continues to expect underlying profits, excluding new contracts and restructuring costs, to rise modestly in the second half of this year
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Capita's target price lopped by Citi after Connaught settlement
The turnaround is likely to be lengthy and there will be bumps along the way
Eckoh taking advantage of US opportunities
Nik Philpot, chief executive of the AIM-listed group, said: “The strong progress we have made in the US this year is clear, both in terms of the value of the contracts and the quality of those future earnings"
Capita appoints former Amec Foster Wheeler boss Jon Lewis as chief executive
Jon Lewis will join Capita as its chief executive in December
Capita drops as first half underlying revenue declines although profits rise, restructuring on track
The FTSE 250-listed firm said its underlying pre-tax profit jumped by 46% to £195mln, while underlying revenue fell by 3% to £2.07bn as its major contract win rate was one in two, up from one in three in 2016
FTSE 100 closes lower after lacklustre day; May's Brexit plan in focus
Attention now switches to Theresa May's speech on Brexit in Florence
Investments and investor services
Mitchells & Butlers expected to show a slowdown in sales
Capita is among the blue-chip names on Thursday's agenda.
Commentator says Interserve profit warning should not have surprised
Russ Mould, investment director at AJ Bell pointed out that a cursory glance at August’s interim results from Interserve PLC would have given both investors and the group’s new boss, Debbie White “a clear indication of the risks and challen
AstraZeneca shares advance on positive lung drug results
Chariot’s partner ENI has now secured a drillship ahead of drilling next year.of a very large (768mln barrels of potential) exploration prospect
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Mitie Group says it is being investigated by the FCA over the "timeliness" of its profit warning last September
In a brief statement, the FTSE 250-listed firm said the FCA had informed it on August 25 about the investigation, which will also look at the manner of preparation and content of Mitie’s “financial information, position and results for the
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Lloyds and Barclays to dominate manic week of corporate earnings
Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
Capita up after £888mln price for disposal of asset services business "better than expectations"
Capita had revealed in December that it was seeking a buyer for its asset services division, which commentators had said could fetch up to £600mln
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One year on: BT, Royal Mail and ITV among worst-hit FTSE 100 stocks since the Brexit vote
A weaker pound following the Brexit vote has given the FTSE 100 and other UK indices a boost in the year since the Britain voted to leave the European Union
HSBC provides pointers for any new Capita CEO as they upgrade their rating for the outsourcer to 'buy'
“Capita is a good business, it creates process solutions for the public and the private sector, and there will be demand,” the HSBC analysts contend
Jefferies believes that although Capita is ”deeply unloved”, its risk/reward is slowly improving
The FTSE 250-listed firm’s recent trading update, the US broker raised its rating on Capita to ‘buy’ from ‘hold’ after boosting their target price to 750p from 465p
Fusionex shares rebound amid backlash from Standard Life on plans to cancel AIM listing
A look at the biggest risers and fallers in London today
Investments and investor services
FTSE 100 ends higher on day Brexit negotiations begin
The FTSE 100 closed 60 points up at 7,523 as the government begins Brexit negotiations.
Capita boosted by 'positive profits warning', with no bad news proving good news for an outsourcer once again
Like Mitie, Capita’s 15% share price leap came after the group’s AGM statement and trading update showed no new bad news after a turbulent past year for the firm
Capita says overall trading in line with expectations, has shortlist of “strong candidates" for CEO job
The FTSE 250-listed group said the turnaround of its IT Services business “is progressing better than expected, with improving profitability following the restructuring of the divisional management team and operating model”.
FTSE 100 ends lower as inflation jump hits consumers
FTSE 100 closed down 11.88, or 0.15%, to 7,499 on Tuesday
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Merlin Entertainments faces uncertain outlook after UK terrorist attacks as it posts trading update
A look at the day ahead including a trading update from Merlin Entertainments, full year results from Ashtead and UK inflation data
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Tesco set for strongest quarter in seven years
Week ahead: Tesco, Merlin Entertainments, Capita, Bellway,
Capita shares jump on rumours it is in advanced talks about the sale of its recruitment division
Sky News reported late yesterday that the FTSE 250-listed firm is in exclusive negotiations to sell the recruitment division to specialist turnaround investor, Endless
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Back to the dog pound: Dogs of the Footsie outperform in 2017
At the end of January, John Harrington tweaked the famous investment strategy known as the Dogs of the Dow, and applied it to UK stocks. How are the investments doing?
Investments and investor services
FTSE up with copper, FTSE 250 marks record 19,000 as Scots want referendum
Around 3.30pm, the FTSE 100 index was up almost 28 points at 7,371, just below the day’s best level of 7,376, having only hit a low of 7,342
Capita boss quits as outsourcer is demoted from FTSE 100 and reports drop in full year profits
Andy Parker, who has been with Capita for the past 16 years, will step down later this year to “pursue the next phase of his career” once a successor is found.
FTSE shares end flat, give back record peaks, except Vesuvius
FTSE 100 stocks ends flat on Thursday after falling back from a fresh record high as shares in outsourcing group Capita slumped 9%
Investments and investor services
Can Cobham avoid a sixth profit warning when it releases full year results?
Cobham, Sportech, Travis Perkins, Capita and GoCompare are among the names on Thursday's list.
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Week ahead: ITV set to broadcast results as quantity set to rule over quality
Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
Outsourcing group Capita takes £50mln impairment after writing-down historic contracts
The FTSE 100 firm, which downgraded its profit forecasts twice in three months at the end of 2016, said assets of around £50mln will be written off as a non-underlying charge.
Investments and investor services
FTSE shares fall led by HSBC earnings disappointment
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
Co-operative Bank puts itself up for sale as contract dispute with Capita resolved
The Co-op Bank said it expects to report a "significant" loss for 2016, when it reports full-year results in March.
Investments and investor services
FTSE 100 closes higher as mining stocks lap up higher copper prices
FTSE 100 shares closed higher on Monday as buoyant mining stocks responded to a strike in Chile which boosted copper prices
Selectively breeding the Dogs of the Footsie
The normally reliable investment strategy based on the "Dogs of the Dow" system has had a bad couple of years; what if we tweaked it?
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Selectively breeding the Dogs of the Footsie
The normally reliable investment strategy based on the "Dogs of the Dow" system has had a bad couple of years; what if we tweaked it?
Archive
Proactive news round-up: Minds + Machines, Kromek Group, Clinigen Group …
A glance at some of the stories on the Proactive newswire today.
Eckoh and Capita pick up 'significant' new call centre contract
Eckoh will host the service, which will enable the client to manage call delivery and distribution
Pearson's divi cut plan shocks investors but who's next?
Pearson’s woes have left income investors scrutinising the FTSE 100
Sirius Minerals named among the ‘top tips’ for 2017
Here we take a look at the medium and small cap companies included among Fleet Street's top stock market tips for 2017.
FTSE 100: the good, the bad, and the ugh!
It was a fantastic year for the miners, less so for the airlines and the retailers.
Capita? More like Decapita, as City slashes price targets
Capita, the unloved outsourcing group, could be a 'value trap'
FTSE 100 shares fall despite oil gains
The London market slid despite shares in oil companies being boosted by a jump in oil prices
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Brexitwatch - MPs approve gov't timetable
A look at some significant themes form the Brexit debate this week
FTSE 100 shares taken higher by Sky
FTSE 100 shares closed higher on Friday, after Wall Street recorded another set of record high indices and it was announced just before closing time that 21st Century Fox plans to take over UK broadcaster Sky PLC
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Trending - Nostra Terra, corporate jet, Sports Direct and bookies
The firm says it's turning itself around and chief executive Matt Lofgran has been using social media to get the message across
Plexus rises as optimism slowly takes a grip
Solar Plexus: the wellhead equipment rental firm enjoys its day in the sun
Capita plans asset sales as it cuts its profit forecast once again
The group said it now expects underlying pre-tax profit before tax to be at least £515mln, well below a forecast made in September of between £535mln and £555mln.
Investments and investor services
FTSE 100 shares close higher after ECB returns to lower QE
FTSE 100 shares closed higher on Thursday, buoyed by news that the euro zone will curb its quantitative easing programme next April
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WEEK AHEAD: The panto season is upon us, and lead villain Mike Ashley is due on stage
He's already told us he's not Santa, but can Mike Ashley deliver a Christmas present for Sports Direct investors?
Capita picks up €230mln contract with big German telecoms provider
"Capita will deliver a transformed customer service operation focused on continuing to deliver customer excellence to mobilcom-debitel’s existing and new customers and promoting its digital lifestyle products.
City broker expecting another year of restructuring at Capita
Shore Capital has reiterated its ‘sell’ recommendation for the stock
Heathrow set for third runway
The question of increasing Britain's airport capacity has divided opinion for a quarter of a century
FTSE 100 misses out on record high close over Brexit, US rate fears
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
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Brexit and the ‘hard’, winding road ahead
A look at some of the major Brexit developments this week.
Broker slashes Capita target due to Brexit concerns
Capita has already issued a major profit warning but more pain may be on its way said the broker.
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UK housebuilding in good shape, suggests Deutsche
An early look at some broker views on Tuesday
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Vodafone dialling all the right numbers for UBS
The influential Swiss house reckons Germany is back on the growth trail after 13 successive quarters of stuck in reverse gear.