£54m payout for Arch Cru investors
21st Jun 2011 11:23
Scandal-hit CF Arch Cru funds and the administrator of these funds, The Capita Group, have agreed with the UK's financial regulator to pay £54m to the investors holding shares in the Arch Cru range of funds, ending a long awaited response from the regulator. The Financial Services Authority (FSA),
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreCapita drive away with DVLA contract
20th Jun 2011 09:51
The FTSE-100 business services group Capita has signed a £100m contract with the Driver and Vehicle Licensing Agency (DVLA). The 5-year contract (with an option to renew for a further 2 years) is to provide a national Vehicle Excise Duty (VED) service that includes provision for a Continuous Insura
Read moreFTSE 100 movers: Autonomy leads the decline
16th Jun 2011 14:12
Just three stocks are making gains, with WPP, Capita and Vodafone edging slightly higher. Meanwhile, Autonomy is the worst performer on the blue chip index, losing over 4%. Engineering peers GKN, IMI and Weir are also lower. The miners are lower today, as global growth fears dampen the markets. Lo
Read moreSector movers: Outsourcers bolster support services
31st May 2011 16:41
The support services sector was among the best performing sectors of the day, helped by blue chip outsourcing peers Serco and Capita. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, announced the acquisition of India-based service provid
Read moreLondon close: More gains for FTSE 100
31st May 2011 16:38
Stocks built on the strong gains they posted ahead of the long weekend, surpassing the 6,000 point mark but finishing slightly below that psychologically-important level. In company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway,mo
Read moreFTSE 100 movers: Outsourcers improve on gains
31st May 2011 14:44
Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, has announced the acquisition of India-based service provider Intelenet for up to £385m, boosting shares higher on Tuesday. Prime Markets thinks that the purchase will "safely propel" Serco
Read moreLondon afternoon: Stocks sail on Greek tailwinds
31st May 2011 14:21
Optimism about a resolution to Greece's latest dire need for a bail-out is giving equities a boost today, providing some much needed focus on a day that is short of block-busting company news. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Rail
Read moreLondon midday: Rally pauses at 6,000
31st May 2011 12:11
The leading share index is sitting around the 6,000 point mark after a strong start this morning. On a relatively quiet day for company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, has announced the acquisition of India-based se
Read moreLondon open: FTSE 100 builds on gains
31st May 2011 08:24
The top share index is adding to the gains it made ahead of the long weekend and homing in on the 6,000 point mark around which it has been flitting since the start of the year. On a relatively quiet day for company news, Serco, the outsourcing company whose activities include running prisons and L
Read moreLondon pre-open: Outsourcers get cheque books out
31st May 2011 07:34
In a quiet resumption of corporate activities following the long week-end break, outsourcers Capita and Serco have done their bit to liven things up, with both companies announcing bolt-on acquisitions. Serco, the outsourcing company whose activities include running prisons and London's Docklands L
Read moreCapita buys healthcare jobs agency
31st May 2011 07:15
Outsourcing specialist Capita has acquired specialist healthcare recruitment firm Team24. Capita is paying an initial £24m for the recruiter, with up to £2m more payable depending on the firm's performance in the year to 31 March, 2012. Team24 provides nurses and doctors at short notice for a wide
Read moreLondon close: Stocks slump as euro debt worries continue
23rd May 2011 16:51
The top share index was nursing triple-digit losses by the close of play as the eurozone debt crisis continued to rumble on. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situation is of
Read moreFTSE 100 movers: Banking shares head south
15th Apr 2011 12:37
The banking sector is heading lower today as sentiment sours after credit rating agency Moody's cut its rating for Ireland's sovereign debt by two levels to Baa3 from Baa1, while retaining its negative outlook. RBS, Lloyds and Barclays are among the worst performers. Also in the red are the blue ch
Read moreLondon open: Resource stocks wanted
15th Apr 2011 08:37
The Footsie is sidling back up towards the 6,000 level, with resource stocks leading the way after China's economy grew faster than expected in the first quarter. ENRC, Antofagasta and Lonmin are the picks of the mining sector while among oils Cairn and Tullow are the stocks to have. Betting shops
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