Capita buys Vertex Mortgage Services for £35m
30th Jun 2015 11:00
Capita announced that it is acquiring Vertex Mortgage Services for £35m on a cash-free, debt-free basis, subject to approval by the Financial Conduct Auhority. The company said the acquisition further strengthens its growing position within the third party mortgage administration market. Capita alr
Read moreFTSE 100 movers: Sky soars on takeover rumours, miners lower
22nd Jun 2015 13:31
London markets rebounded on Monday, buoyed by hopes of a short-term funding deal for Greece and strength in the construction, telecommunications and real estate sectors. As of 2:30 BST, the FTSE 100 was trading 1.39% higher at 6,804. Sky was in demand on rumours that the Murdoch family may be consi
Read moreCapita named preferred bidder for NHS framework
22nd Jun 2015 09:21
Support service solutions provider Capita has been selected by NHS England as preferred bidder to establish a four- year framework, worth up to £1bn. Under the framework, which will provide administrative support functions for primary care across the UK, including an initial contract to manage and d
Read moreCapita holds steady despite encouraging start and CLCH contract win
12th May 2015 09:22
After an "encouraging start" to the year, business outsourcing group Capita said had won £1.2bn of new contracts and remained on track to hit full year targets. The group also announced it had been selected as preferred bidder to provide IT, human resources and facilities management services to the
Read moreThursday newspaper round-up: Schlumberger, US-ISIS airstrikes, Athens
26th Mar 2015 06:14
The world largest oil-field services company Schlumberger has pleaded guilty to violating sanctions in Iran and Sudan so will have to pay $232.7m, according to The Wall Street Journal. The US has launched airstrikes against ISIS militants in the Iraqi city of Tikrit, reported The Wall Street Journal
Read moreBroker tips: HSBC, Morrisons, Capita, G4S
10th Mar 2015 12:24
Recent strength in US interest rates, together with opportunities to streamline some of its less profitable operations, should act as catalysts for shares in the world's local bank, HSBC. That was the opinion of analysts at Goldman Sachs who upgraded their view on shares of HSBC to 'buy' from 'neutr
Read moreLondon midday: Stocks at lowest in a month as Greek fears intensify
10th Mar 2015 12:16
UK stocks dropped sharply on Tuesday morning with the Footsie on track for its lowest close in over a month as investors scaled back their appetite for risk amid ongoing tensions between Greece and its creditors. London's FTSE 100 was down 1.2% at 6,793.01 by midday. It has not closed below the 6,80
Read moreCredit Suisse uncomfortable with political risk at Capita, cuts to 'underperform'
10th Mar 2015 09:59
Shares in British outsourcing group Capita were hit on Tuesday by a downgrade at Credit Suisse, as the Swiss bank raised concerns about "uncomfortable political uncertainty". Credit Suisse has lowered its rating from 'neutral' to 'underperform' and cut its target price from 1,200p to 1,080p, saying
Read moreLondon close: FTSE edges higher to new record close
26th Feb 2015 16:48
London's FTSE 100 managed to inch higher to a new record high on Thursday as improving economic data across Europe and positive developments in Ukraine boosted markets after a slow start. The UK benchmark index finished the day up 14.35 points at a new closing high of 6,949.73, up 0.2% on the day an
Read moreFTSE 100 movers: Standard Chartered soars on new CEO, RBS dips after missing forecasts
26th Feb 2015 14:16
Standard Chartered surged after appointing former JPMorgan boss Bill Winters as its new chief executive, as it confirmed current head Peter Sands will step down in June. The bank also announced that chairman John Peace will step down in 2016. Mining stocks were on the rise as metal prices improved,
Read moreLondon midday: Stocks holding steady on a busy day
26th Feb 2015 12:20
UK stock markets were rangebound on Thursday morning on a busy day for corporate earnings and economic data, as investors maintained a cautious approach following the record peaks reached earlier in the week. London's FTSE 100 was up just 0.04% at 6,938.10 by midday, trading within a narrow range of
Read moreLondon open: Influx of earnings and economic data keeps stocks flat
26th Feb 2015 08:24
UK stocks were more or less flat on Thursday morning with markets fluctuating at record highs amid a barrage of corporate earnings and economic data. The FTSE 100 was up just 0.03% at 6,937.80 early on. The index set a closing all-time high of 6,949.63 on Tuesday, having reached an intraday record o
Read moreCapita reports strong earnings growth in FY14
26th Feb 2015 06:50
Outsourcing and business services giant Capita reported strong headline full year earnings for 2014, growing its underlying pre-tax profit by 13% to £535.7m and boosting the dividend by 10% to 29.2p. In its annual report, the group highlighted that key performance metrics were strong with underlying
Read moreCapita to take over Fera food and environment agency
11th Feb 2015 13:40
Capita has secured an 10-year deal to partner the UK government in operating the Food and Environment Research Agency (Fera) as part of an effort to drive national growth in the UK's agri-food industry. Capita will spend £20m in cash to acquire a 75% stake in the joint venture, which currently gener
Read moreCapita receives approval from NHS England to join new framework
6th Feb 2015 07:06
Capita has received approval from NHS England to join the new lead provider framework for Commissioning Support Services. NHS England has estimated that between £3bn and £5bn worth of services will come out of the framework. Clinical Commissioning Groups (CCGs) will have to re-procure much of their
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