Morning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreBroker snap: Bid pipeline at Capita looks strong, says Galvan
10th Oct 2011 12:58
Galvan Research and Trading rates Capita shares as a buy, saying that the firm could see an "outsourcing bid pipeline boom". The broker says that following the government's austerity measures last year, the market has been overly pessimistic on the prospects for outsourcing firms. However, the bid
Read moreBroker tips: Capita, Premier Foods, Stagecoach
10th Oct 2011 12:57
Galvan Research and Trading rates Capita shares as a buy, saying that the firm could see an "outsourcing bid pipeline boom". "Outsourcing is designed to achieve efficiencies and is particularly suited to economic downturns, a factor well illustrated by the Capita forward bid pipeline," said head of
Read moreUPDATE: Monday broker round-up
10th Oct 2011 09:08
Antofagasta: Morgan Stanley downgrades to 'underweight' from 'equalweight'. Capita: Galvan Research and Trading gives buy rating and 760p target. Premier Oil: HSBC upgrades to 'overweight' from 'equalweight'. GKN: Credit Suisse cuts target to 205p from 243p. IMI: Credit Suisse cuts target to 67
Read moreLondon midday: No rally for FTSE 100 despite Bundestag vote
29th Sep 2011 12:16
London has failed to join European bourses higher following the passing through the German Bundestag of plans to expand the European Financial Stability Fund (EFSF). There were just 85 votes against the idea of expanding the Eurozone's bailout fund, while 523 members of Germany's parliament voted
Read moreLondon open: Stocks fall back as euro saga drags on
29th Sep 2011 08:24
Stocks have fallen back in early dealings amid continuing edginess over the Eurozone crisis. All eyes are on the German Bundestag as lawmakers vote on an expansion of the Eurozone bailout fund. Sweeteners group Tate & Lyle is in demand after saying it expects to perform in line with expectations
Read moreCapita to assist with workplace pensions transition
29th Sep 2011 08:17
Outsourcing firm Capita Group has won a £105m seven-year contract from the UK Pensions Regulator. Capita will support The Pensions Regulator's direct communications with employers for automatic enrolment of staff into workplace pension schemes, which will be phased in from October 2012. The contra
Read moreLondon pre-open: Weaker trend to continue
29th Sep 2011 07:19
Yesterday's late dive is set to continue this morning with City sources predicting the FTSE 100 will open down almost 90 points from yesterday's close of 5,281. Investors are banking some of their recent profits ahead of today's vote in the German Bundestag on the Eurozone bailout fund. Food ingr
Read moreCapita acquires police software group
23rd Sep 2011 07:46
Capita, a provider of outsourced services to government and businesses, has acquired human resource management software supplier Cedar from software group Advanced Computer Software for £15m. Cedar provides software to 30 of Britain's 53 police forces. Capita said that, alongside its acquisition of
Read moreCapita snaps up customer contact firm for £40.5m
19th Sep 2011 13:32
FTSE 100 outsourcing firm Capita has bought Vertex Private Sector for £40.5m in cash, in an effort to improve its customer services operations, following the purchase of customer contact centre specialist Ventura in July. "Vertex Private Sector is a contact centre focused outsourcing business, whic
Read moreCapita Group scores hat trick of acquisitions
4th Aug 2011 10:45
Outsourcing giant Capita Group has agreed to acquire AIBJerseytrust (AIBJT) for £12.5m, on cash free and debt free basis, making it the third deal within the span of two weeks and the second purchase from AIB Group. Owned by the AIB Group, the Jersey-based AIBJT will be integrated into the Capita
Read moreCapita in second acquisition in a fortnight
2nd Aug 2011 07:54
Outsourcing giant Capita will acquire AIBIFS, the international financial services business of AIB, its second acquisition in a fortnight. The acquisition will be made for a cash consideration of £29m, on a cash free, debt free basis. On completion of the acquisition, the business will integrate
Read moreLondon close: Footsie closes higher, despite afternoon sell-off
22nd Jul 2011 16:31
After a solid start on the back of positive developments in Europe, the Footsie trimmed gains in the afternoon as investors looked to lock in profits following a strong finish on Thursday. Despite touching as high as the 5,967 level before midday, the Footsie steadily declined to close at 5,935. Me
Read moreFTSE 100 movers: Financials mixed as investor lock in profits
22nd Jul 2011 14:18
The financial sector was mixed on Friday, despite rising strongly early on following yesterday's Eurozone deal to bailout Greece. Shares soared on Thursday after the region's leaders agreed a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund. While RBS bucked the tre
Read moreCapita buys pensions business for £27.5m
22nd Jul 2011 09:33
Outsourcing giant Capita announced on Friday the acquisition of pensions administration and software business of NorthgateArinso for £27.5m. "Following the acquisitions of Gissings, Higham Dunnett Shaw and Aspen over recent years, this latest deal will add new expertise and added capacity to Capita
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