Broker snap: Prime Markets optimistic about Capita
23rd Feb 2012 11:21
Prime Markets recommends to buy outsourcing firm Capita saying that it expects the stock to performing strong in the coming weeks. Capita's full-year results this morning showed solid growth in revenues and profits, good visibility, a substantial order pipeline and an upbeat statement from its Chie
Read moreLondon open: RBS provides a boost early on
23rd Feb 2012 08:25
- RBS leads banks higher after results. - Capita rises strongly after bullish outlook. - EU expected to cut Eurozone GDP forecasts. The Footsie opened slightly higher on Thursday as the markets digested a host of results, with heavyweights such as Royal Bank of Scotland (RBS), Capita, Centrica, RSA
Read moreCapita expects growth to accelerate in 2012
23rd Feb 2012 07:22
Business outsourcing group Capita achieved a 'reasonable' level of revenue growth in 2011 and expects this to accelerate this year as the value of new and extended contracts more than doubled. Shares rose strongly early on, trading 4.87% higher at 722p in the opening minutes on Thursday. Turnover
Read moreThursday preview: RBS, RSA, BATs, Capita, Centrica
22nd Feb 2012 18:43
The long awaited results from Royal Bank of Scotland (RBS) are due out on Thursday, but the editorialising over bankers' bonuses has already started, with reports emerging on Wednesday that the part-nationalised lender is planning on giving out massive pay-outs to members of its investment banking d
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreLondon close: Stocks finish lower on macro concerns
14th Feb 2012 16:24
-Banks, miners weigh on Footsie. -Markets digest sovereign downgrades from Moody's. -Investors await Eurogroup meeting tomorrow. UK stocks finished in the red on Tuesday as concerns over the state of the Eurozone continued to weigh on sentiment. Trade was volatile as mid-morning gains on the back o
Read moreFTSE 100 movers: Bunzl in top spot after rating upgrade
14th Feb 2012 13:47
Distribution and outsourcing firm Bunzl was the top of the risers list after JP Morgan upped its recommendation from neutral to overweight on valuation grounds. "We believe that the recent relative underperformance could be a good entry point ahead of FY results on 27 February," the US broker said.
Read moreCapita recommended for Army project
14th Feb 2012 13:38
Outsourcing specialist Capita has been selected as the recommended supplier for the Army's Recruiting Partnering Project (RPP). The RPP Project board has endorsed the Army's selection of Capita as the recommended supplier to partner with the Ministry of Defence (MoD) to deliver the RPP to the Army
Read moreCapita in bolt-on acquisition of tech consultant
1st Feb 2012 14:22
Outsourcing specialist Capita has beefed up its computer consultancy offering with the acquisition of Smiths Consulting. Capita is initially paying £10m to acquire the systems applications and products (SAP) consultancy on a cash free, debt free basis, though the deal has a further contingent consi
Read moreLondon pre-open: FTSE down as Greek deal is a no show
30th Jan 2012 07:20
City sources predict the FTSE 100 will open down 30 points from yesterday's close of 5,734 after the weekend failed to bring news of a debt solution in Greece. Outsourcing specialist Capita has acquired Fish Administration from private equity firm Inflexion. Capita is acquiring the company for £21
Read moreCapita buys specialist insurance business
30th Jan 2012 07:11
Outsourcing specialist Capita has acquired Fish Administration from private equity firm Inflexion. Capita is acquiring the company for £21m cash on a cash free, debt free basis. The acquisition will add greater capacity and valuable new expertise to Capita's specialist insurance broking business, C
Read moreCapita reels in Fish
30th Jan 2012 07:02
FTSE 100 business outsourcing firm Capita is to buy specialist insurer Fish Administration for £21m on a cash free, debt free basis. Fish provides insurance products to people with disabilities, including cover for adapted vehicles, travel, and mobility scooters, as well as insurance products to th
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreMonday broker round-up - UPDATE
9th Jan 2012 09:19
InterContinental Hotels: Deutsche Bank upgrades to buy from hold. Fresnillo: Deutsche Bank upgrades to buy from hold. Antofagasta: Deutsche Bank downgrades to hold from buy. ARM Holdings: Citi reiterates buy. Capita: Panmure Gordon downgrades from hold to sell, target cut from 700p to 560p. Mor
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