London pre-open: Stocks seen lower; wage growth figures eyed
14th Oct 2015 07:42
(ShareCast News) - London stocks are expected to open lower on Wednesday as worries about global growth weigh on investors' minds and following weak Chinese inflation data. The FTSE 100 index is seen opening down 47 points at 6295. On the data front, UK claimant count and average weekly earnings a
Read moreXchanging recommends 160p per share offer from Capita
14th Oct 2015 07:03
(ShareCast News) - Outsourcing group Capita said the board of peer Xchanging has recommended its 160p per share offer, which values the company at around £412m, although Xchanging is still in discussions with Apollo Global Management. The deal, which is expected to be immediately earnings-accretive
Read moreCapita appoints former ITV director to non-executive board
8th Oct 2015 09:09
(ShareCast News) - Management services provider Capita has appointed John Cresswell as independent non-executive director. Cresswell, who will step into his new role on 1 December, has most recently served as chief executive of British telecoms group Arqiva for four and half years and has held an ex
Read moreLondon pre-open: FTSE seen sharply higher after strong reversal on Wall Street
5th Oct 2015 07:42
(ShareCast News) - UK stocks are expected to open with strong gains on Monday, taking their cue from an impressive reversal on Wall Street on Friday. The FTSE 100 is being called up 115 points at 6245. On the data front, UK services PMI is due at 0930 BST, while in the US, ISM non-manufacturing is
Read moreXchanging rockets on buyout offers from Capita and Apollo Global Management
5th Oct 2015 07:24
(ShareCast News) - Shares in business outsourcer Xchanging rocketed after the company confirmed it has received approaches from peer Capita and private equity group Apollo Global Management regarding offers for the company. Capita said it has been in discussions with the board of Xchanging since ear
Read moreCapita acquires Electranet in £37m deal
25th Sep 2015 09:05
(ShareCast News) - Customer management services Capita has acquired IT network provider Electranet for £37m, as it seeks to expand its capability to build new IT enabled solutions. The FTSE 100 group said the newly-acquired group, which supports high profile government and private sector customers,
Read moreSunday newspaper round-up: RBS spin-off, Trinity Mirror acquisition, PR Newswire sale
13th Sep 2015 16:38
(ShareCast News) - Royal Bank of Scotland will begin marketing the initial public offer of its Williams & Glyn spin-off later this year ahead of a flotation expected in the second half of 2016. The Sunday Telegraph reported that, with Bank of America Merrill Lynch advising the lender on the process,
Read moreCapita agrees sale of National Dental Plan for £31.7m
10th Aug 2015 09:17
(ShareCast News) - Capita has agreed the sale of National Dental Plan to Unum Group for a cash consideration of £31.7m on a cash free, debt free basis. The outsourcing company said the deal is subject to regulatory approval. At 0918 BST, Capita shares were down 0.4% at 1,289p.
Read moreFTSE 100 movers: GSK and Hikma lead blue chips higher
29th Jul 2015 15:24
(ShareCast News) - The FTSE 100 index built an early lead on Wednesday and stayed in positive territory thanks to forecast-busting results from several heavyweights in the pharma, tobacco and banking sectors. London's blue chip index was up 0.57% to 6,592.54 at 1435 BST. Top of the leaderboard mid-
Read moreLondon open: US Fed in a pinch with CPI set to drop
29th Jul 2015 10:20
(ShareCast News) - Stocks in London continued to bounce back ahead of Wednesday's policy decision from the US Federal Reserve, as some analyst warned of deflation risks. Even the Shanghai Stock Exchange's Composite Index finished higher overnight, rising by 3.44% to reach 3,789.19 points. Gains were
Read moreCapita slips on second-half outlook despite 11% rise in first-half profit
29th Jul 2015 08:15
(ShareCast News) - Shares in Capita fell on Wednesday, with analysts pointing to disappointment over the outlook for the second half of the year, after the outsourcing group posted an 11% rise in underlying first-half pre-tax profit. For the six months ended 30 June, underlying pre-tax profit came i
Read moreLondon pre-open: Subdued start expected ahead of Fed Meeting
29th Jul 2015 07:41
(ShareCast News) - Investors were expected to remain on the sidelines ahead of the conclusion of the US central bank's policy deliberations on Wednesday evening and post-meeting statement. According to the minutes of April's Federal Open Market Committee policy meeting, "most participants" have a bi
Read moreNumis cuts Capita to 'hold' ahead of trading update
22nd Jul 2015 13:48
(ShareCast News) - Analysts at Numis downgraded outsourcing firm Capita's rating from 'buy' to 'hold', while maintaining a target price of 1,365p. At 1,257p shares in the company slipped by 2.12% to 1,291p. Numis said shares outperformed the market by 22% over the last three months and are now with
Read moreFriday broker round-up
17th Jul 2015 16:13
(ShareCast News) - Anglo American: SocGen reiterates hold but trims target to 950p from 1090p. ARM Holdings: Investec reiterates buy and 1,140p target. Barclays: Investec downgrades to sell with 265p target. Capita: Morgan Stanley ups target to 990p from 950p and reiterates underweight. RBS: Inve
Read moreCapita to buy GL Hearn in £30m deal
8th Jul 2015 09:31
Outsourcer Capita would buy UK property consultancy GL Hearn in a £30m deal, to improve its real estate offer. FTSE 100 listed Capita would pay £25m in cash and a later payment of £5m for the firm which had a turnover of £31.2m in the last financial year. Capita expected to expand the business and
Read more