Eckoh wins first deal under Capita tie-up
13th Aug 2013 09:59
Secure payment and customer service company Eckoh has won its first contract under a new partnership deal with contact centre contractor Capita Customer Management (CCM), part of Capita PLC. Under the five-year deal, Eckoh will provide technology support to one of Capita's existing customers, a maj
Read moreLondon close: Markets finish lower despite mining strength
12th Aug 2013 16:44
Markets were choppy on Monday with early gains on the FTSE 100 being erased by the end of trade as traders reacted to mixed newsflow from Asia and Europe. Even a strong performance in the heavyweight mining sector wasn't enough to push the London benchmark into positive territory today, with Financ
Read moreLondon midday: Markets fall on low volumes, Japan data
12th Aug 2013 11:52
In spite of a decent start, the FTSE 100 had swung into the red by Monday lunchtime, with analysts citing low volumes and weaker-than-expected economic data from Japan. Asian markets were mixed overnight with Chinese benchmarks performing well on an improved outlook in China, while Tokyo's Nikkei w
Read moreBroker tips: Capita, Prudential, Ladbrokes
12th Aug 2013 11:19
Capita was under selling pressure on Monday morning after Citigroup cut its rating for the outsourcing group from 'buy' to 'neutral' on valuation grounds. "Capita has returned to 10-15% PE premium to the sector. While this is below its 20-30% decade-average premium, this seems justified in our view
Read moreBroker snap: Citi downgrades Capita on valuation grounds
12th Aug 2013 09:01
Capita was under selling pressure on Monday morning after Citigroup cut its rating for the outsourcing group from 'buy' to 'neutral' on valuation grounds. Since January 2012, the stock's 12-month forward price-to-earnings (PE) multiple has expanded from 12 to 17, Citi said, adding "we no longer see
Read moreLondon open: Miners, RBS lead markets higher early on
12th Aug 2013 08:17
Markets edged higher in early trading on Monday as stocks reacted to an improving outlook in China and shrugged off disappointing economic figures from Japan. Sentiment surrounding China brightened last week as better-than-expected trade figures, strong industrial production data and subdued inflat
Read moreMonday broker round-up UPDATE
12th Aug 2013 07:30
BAE Systems: Morgan Stanley increases target price from 350p to 430p and retains an equal-weight rating. Bodycote: N+1 Singer upgrades to buy with a target price of 700p. British American Tabacco: Goldman Sachs takes target price from 4220p to 4280p and stays with its buy recommendation. Capita G
Read moreCapita contracted by Barnet but supreme court could still intervene
6th Aug 2013 07:09
Outsourcing behemoth Capita has been officially contracted on two new contracts by the London Borough of Barnet after local objections were quashed by the courts. However, a group of Barnet residents has suggested the controversial 'One Barnet' outsourcing plans may face further challenge in the co
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreFriday tips round-up: Capita, Reed Elsevier, Unilever
26th Jul 2013 06:38
FTSE 100 outsourcing group Capita has been able to see the silver lining during this age of austerity, according to The Telegraph's Questor column. As public and private sector companies try to cut costs, they turn to outsourcing firms such as Capita. This demand for its services was reflected in it
Read moreLondon close: Markets fall but Shire leads late rally
25th Jul 2013 17:08
Markets closer firmly in negative territory on Thursday after corporate earnings came in mixed, but the FTSE 100 finished well off its intraday lows following a surge from Shire and upbeat economic data in the States. London's benchmark index finished 32 points lower at 6,588. Investors gave a pre
Read moreFTSE 100 movers: Corporate earnings spark mixed reaction
25th Jul 2013 14:09
Mixed reactions to corporate earnings provided some sharp swings in share prices both ways on Thursday, with Rolls-Royce, Shire and Reed Elsevier rising strongly and Capita, Unilever, BT Group and Johnson Matthey falling into the red. Rolls-Royce Holdings jumped after reporting a 34% jump in pre-t
Read moreLondon midday: Markets shrug off UK growth as earnings disappoint
25th Jul 2013 12:07
An expected pick-up in UK economic growth in the second quarter wasn't enough to lift London's FTSE 100 into positive territory on Thursday morning as markets reacted to a series of disappointing results from a number of blue-chip firms. Capita, BT Group, Unilever and Johnson Matthey were all tradi
Read moreBroker tips: Rolls-Royce, Capita, Morgan Advanced Materials
25th Jul 2013 11:53
Investec has maintained its 'buy' rating and 1,350p target price for Rolls-Royce following the engine maker's better-than-expected first-half results on Thursday. "RR has been one of the best performers in the sector year to date (+36%) and on an FY14E price-to-earnings of 16.1x, is the highest rat
Read moreBroker snap: Capita still a 'sell' after in-line first half
25th Jul 2013 10:15
Westhouse Securities has reiterated its 'sell' rating and 813p target price for outsourcing giant Capita, saying that stock remains expensive following its first-half results. Interim numbers reported on Thursday were "exactly in line" with Westhouse's forecasts, with earnings per share up 9.0% and
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