MARKET TALK: Capita Pretax Profit A Tad Ahead Of Consensus

22nd Jul 2010 07:44

0644 GMT [Dow Jones] Capita Group's (CPI.LN) half-year results are in line with expectations and pretax profit a shade ahead of consensus forecasts says an analyst. In particular the company's bid pipeline is up at GBP4.4B, versus GBP3.7B in February '10, which will be well received by the market, Thursday, says the analyst. The company says pressure on pubic spending may affect growth in the short term in a small number of areas, but at the same time, the need for its public sector clients to achieve substantial cost efficiencies offers several opportunities for the group. Shares closed Wednesday at 710p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 22, 2010 02:44 ET (06:44 GMT)