Friday broker round-up
30th Sep 2016 10:06
(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe
Read moreGoldman upgrades Capita, says poor outlook now in price after Thursday's slump
30th Sep 2016 08:21
(ShareCast News) - Goldman Sachs upped its stance on outsourcer Capita to 'neutral' from 'conviction sell' but cut the price target to 771p from 987p following the company's profit warning on Thursday. The bank said Capita's outlook is poor, but following the 27% drop in the share price after the wa
Read moreCapita crashes on profit warning as clients dillydally
29th Sep 2016 07:06
(ShareCast News) - Capita warned that full year profits will be some way short of current forecasts after its third quarter was hit by a slowdown in some areas, one off costs and recent hesitation among clients. The FTSE 100 business process outsourcing group said revenues would grow 4-5% in the cal
Read moreThree outsources Glasgow customer services to Capita
20th Sep 2016 14:39
(ShareCast News) - Telecomminications and internet service provider Three has outsourced its customer management services in the UK to Capita, a professional services company, in a deal worth about £70m. The FTSE 100 company will take over responsibility for Three's mobile and broadband customer ser
Read moreFriday broker round-up
19th Aug 2016 12:07
(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps
Read moreCapita sees short term Brexit worries as H1 pre-tax profits rise
27th Jul 2016 07:22
(ShareCast News) - Services group Capita said the UK decision to leave the European Union had increased uncertainty, particularly in the financial services sector, and it was "continuing to experience some delays in decision making in the short term". Reporting interim results, the company added tha
Read moreCapita acquires Trustmarque for £57m
21st Jun 2016 07:57
(ShareCast News) - Outsourcing and professional services firm Capita announced on Tuesday that is has acquired Trustmarque Solutions - part of the Liberata group - from parent company Ardbid for a cash consideration of £57m. The FTSE 100 firm said the technology business delivers integrated services
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreBroker tips: M&S, Capita, Softcat
27th May 2016 11:04
(ShareCast News) - Societe Generale downgraded Marks & Spencer to 'hold' from 'buy' and cut the price target to 424p from 545p following the retailer's full-year results earlier in the week. The French bank said M&S was certainly worth holding for the total dividend yield. It said the company remain
Read moreExane flags concerns around earnings quality at Capita
27th May 2016 09:50
(ShareCast News) - The quality of Capita´s earnings is weak and both on and off-balance sheet liabilities continue to rise, analysts at Exane BNP Paribas said. In particular, analysts George Gregory and Henry Naish took issue with the outsourcer´s accounting treatment for non-underlying software & l
Read moreWednesday newspaper share tips: Capita
11th May 2016 12:49
(ShareCast News) - There is something to be said for being boring, but at the same time steady and predictable, the Financial Times's Lex column said referring to Capita. The outsourcer came out of the back-half of 2015 sporting a ratio of net debt to earnings before interest, taxes and deprec
Read moreCapita confident despite contract delay warning
10th May 2016 07:04
(ShareCast News) - Outsourcing group Capita said it was confident of growing organic sales 4% in 2016 despite having secured less than half the amount of contracts as at the same time last year as some contract decisions take "a little longer than expected". Capita secured £458m aggregate major cont
Read moreLondon pre-open: Iron ore steady, miners lower
10th May 2016 07:01
(ShareCast News) - Britain's top flight index is being called to slightly higher on the back of slightly stronger-than-expected inflation data out of China overnight, although miners were again under pressure in Sydney after another tumble for iron ore futures. The Footsie is seen rising by 26 point
Read moreGalliford Try celebrates three new contract wins
28th Apr 2016 08:52
(ShareCast News) - Housebuilding and construction group Galliford Try announced a new contract win on Thursday, with its joint venture with process outsourcing firm Capita extending the Urban Vision partnership with Salford City Council. The FTSE 250 firm was also appointed to two new frameworks in
Read moreCapita wins contract extension from Debenhams
22nd Apr 2016 08:06
(ShareCast News) - Capita has won an extension to its customer services outsourcing contract with department store operator Debenhams. Extending an agreement that began in 2012, the new contract runs until the beginning of September 2022 and is valued at £72m. Capita will continue to operate Debenh
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