Galliford 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
Read moreCapita and Galliford Try win extension to Salford council JV
14th Apr 2016 08:40
(ShareCast News) - Capita and Galliford Try have been awarded an extension to their technical services joint venture with Salford City Council to 2020 that will add up £90m more in total value. The joint venture, known as Urban Vision, is to provide technical services to the council, efficiencies,
Read moreWednesday broker round-up
13th Apr 2016 15:24
(ShareCast News) - DCC: Exane BNP Paribas downgrades to neutral with a target price of 6200p. Cobham: Barclays upgrades to overweight with a target price of 255p. Bunzl: Exane BNP Paribas upgrades to outperform with a target price of 2275p. Asos: JP Morgan keeps at overweight with a target of 4000
Read moreCredit Suisse adds to overweight position on insurers
9th Mar 2016 12:14
(ShareCast News) - Credit Suisse on Wednesday reiterated its upbeat stance on the insurance sector, adding to its 'overweight' position and recommended investors on "sustainable" yield plays. However, the broker pointed out how the sector was "very sensitive" to credit spreads - which were pricing i
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreFTSE 100 movers: Lloyds leads index back over 6,000
25th Feb 2016 14:15
(ShareCast News) - The FTSE 100 was back over 6,000 on Thursday, erasing losses from the previous two days. The blue-chip index was up 146.76 points (2.50%) to 6,013.94 by mid-afternoon. Lloyds Banking Group was the big riser, after it saw underlying profit increase 5% to £8.1bn during the year, wi
Read moreCapita full year profit slides on business exits
25th Feb 2016 07:42
(ShareCast News) - Outsourcer Capita posted a drop in full year profit but said it was targeting organic revenue growth of at least 4% this year. For the year ended 31 December, reported pre-tax profit fell to £112.1m from £292.4m in 2014, as the company was hit by business exits and impairment char
Read moreFriday broker round-up
12th Feb 2016 15:24
(ShareCast News) - Cambian Group: Berenberg downgrades to hold with a target of 60p. Shaftesbury: Credit Suisse upgrades to outperform with a target price of 945p. Acacia Mining: UBS and Deutsche Bank reiterate buy with a target of 275p and 280p respectively. Ashmore: Citigroup stays at buy with a
Read moreCapita named preferred bidder for Lancashire contract
12th Feb 2016 14:51
(ShareCast News) - Outsourcer Capita has been appointed preferred bidder by Blackburn with Darwen Council to become its technical series partner, in a deal expected to be worth at least £60m. The partnership, which will be for an initial five-year term with the option to extend for another five year
Read moreCapita on track for full year growth as new £62m contract signed
11th Dec 2015 07:44
(ShareCast News) - Capita says it is on track to deliver low double digit underlying revenue growth for the full year, supported by its bid pipeline. The pre-close trading update came as the FTSE 100 company announced it has been awarded a contract to deliver customer management services for Unityme
Read moreLondon pre-open: Stocks seen lower on negative Asian cues
11th Dec 2015 07:12
(ShareCast News) - London stocks are called to open lower on Friday, taking their cue from a downbeat session in Asia. Shares in China and Hong Kong slid as the yuan hit its lowest level in four years. The FTSE 100 is expected to open 21 points lower than Thursday's close at 6,067. On the data fro
Read moreCapita agrees contract to manage Irish loans for Rabobank
20th Nov 2015 12:16
(ShareCast News) - Capita has agreed heads of terms of a contract to manage 17,500 loans with a value of around €4bn (£2.8bn) for Rabobank's ACCLM in Ireland. The outsourcer said the contract is worth an estimated €55m (£38m) over five years and will start on 1 February 2016 with the transfer of ACC
Read moreCapita on track to win race for Xchanging as Apollo bows out
4th Nov 2015 10:18
(ShareCast News) - Outsourcing group Capita appears set to win the race for Xchanging as Apollo Investment Fund has dropped out. "Apollo Investment Fund VIII, L.P. has notified Xchanging that it is no longer interested in potentially making an offer." On 14 October, outsourcing group Capita said th
Read moreTuesday newspaper share tips: Oxford Instruments' tough year
20th Oct 2015 11:24
(ShareCast News) - The Telegraph's Questor is keeping an eye on nanotechnology specialist Oxford Instruments, which has had a tough year to date. After two profit warnings due to Russian demand and weak trading in China, it noted that the shares have plunged in value by over half of what they were.
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