BBC extends partnership with Capita
19th Dec 2016 09:13
(ShareCast News) - The BBC has extended its existing TV licence collections partnership with outsourcer Capita for a further two years until June 2022. Capita said that over the remaining term of the contract, both parties will continue to work together to further improve revenue collection rates, r
Read moreWednesday broker round-up
14th Dec 2016 17:55
(ShareCast News) - Hargreaves: Barclays reiterates overweight with a target price of 1560p. Barclays: Exane BNP Paribas downgrades to neutral, 245p target. Domino's Pizza: Berenberg reiterates buy with a 425p target. Booker: Goldman Sachs reiterates buy with a 200p target. Paysafe: Barclays keeps
Read moreFTSE 100 movers: Capita gains while miners were mixed
14th Dec 2016 15:24
(ShareCast News) - The FTSE 100 index was down 0.04% at 6,965.37 in the late afternoon. Software product group Micro Focus International advanced as it announced its unaudited interim results for the six months to 31 October on Wednesday, with revenues of $684.7m, 14.2% higher than the prior year
Read moreBroker tips: B&M, Capita, Barclays
14th Dec 2016 12:04
(ShareCast News) - B&M European Value Retail's shares received a boost on Wednesday after Canaccord Genuity raised its rating on the stock to 'buy' from 'hold' and lifted the target price to 295p from 265p. Canaccord said it remains positive on the variety retailer's UK prospects and is "sanguine" o
Read moreJefferies downgrades Capita until visibility improves
14th Dec 2016 09:00
(ShareCast News) - Jefferies downgraded outsourcer Capita to 'hold' from 'buy' and slashed the price target to 465p from 815p until visibility improves. "Until visibility improves we downgrade from buy to hold and will revisit subject to working capital, bid pipeline and disposal momentum over the n
Read moreDirectors dealings: Capita boss tries to call a bottom
12th Dec 2016 16:40
(ShareCast News) - The chief of troubled outsourcer Capita picked up some stock in his company in the wake of its shares' recent spiral lower. Boss Andy Parker bought 20,000 shares at an individual price of 475.5p for a total amount of £95,100 on 12 December, the company said in a statement. On 8 D
Read moreCapita slumps again as analysts weigh in after profit warning
9th Dec 2016 08:55
(ShareCast News) - Capita slumped for the second day in a row as analysts weighed in following another profit warning from the outsourcer on Thursday. The company said it now expects profit of at least £515m this year, down from previous guidance of £535m to £555m in September, which was in itself a
Read moreCapita to sell asset services business, cuts full year guidance
8th Dec 2016 07:27
(ShareCast News) - Dogged by weak growth and high debts, Capita has decided to offload the majority of its Asset Services division and a small number of other 'non-core' businesses, together with slashing 2,000 jobs in order to become leaner, cut debt and focus fully on business process outsourcing.
Read moreBroker tips: Ophir, Capita, Croda
30th Nov 2016 12:53
(ShareCast News) - Ophir Energy's shares gushed higher after Canaccord Genuity upgraded the stock to 'buy' from 'hold' and lifted the target price to 105p from 80p. Canaccord cited Ophir's newly formed joint operating company (JOC) with OneLNG to develop the Fotuna gasfield offshore Equatorial Guine
Read moreCapita crumbles to 10-year low as analysts warn of material risks
30th Nov 2016 11:01
(ShareCast News) - Having already more than halved since its September profit warning, Capita shares fell to their lowest in a decade after analysts at HSBC and RBC Capital Markets warned the shares had the potential to crumble yet further. RBC cut its target price to 500p from 600p as a lack of gro
Read moreNewcomers eye promotion in FTSE 100 index reshuffle
28th Nov 2016 08:41
(ShareCast News) - Irish packaging group Smurfit Kappa, newly listed medical product company ConvaTec Group and online car retailer Auto Trader could make the leap into the FTSE 100 benchmark on Wednesday as part of the quarterly FTSE Russell index reshuffle. Making way could be precious metals prod
Read moreCapita secures £197m contract with Germany's mobilcom-debitel
21st Nov 2016 09:12
(ShareCast News) - Outsourcing group Capita has been selected as a strategic partner to deliver customer services for German telecoms company mobilcom-debitel in a seven-year contract expected to be valued at €230m (£197m). The partnership, which is due to begin on 1 March 2017, will see Capita take
Read moreCapita announces management, structure reshuffle
10th Nov 2016 12:39
(ShareCast News) - Capita has announced a reshuffle of its board as it looks to simplify its organisational and management structure to better position itself better for future growth. The company, which provides technology-enabled customer and back office business process management services, said
Read moreSunday newspaper round-up: More 'Nissan' deals, Carney, RBS, HSBC, Capita
30th Oct 2016 14:52
(ShareCast News) - Pharmaceuticals giants want the government to plug a £1bn-a-year funding gap that will be created when Britain leaves the EU, as part of a list of demands being drawn up by big business after last week's deal with Nissan. After the Japanese car maker said it would make two new mod
Read moreBroker tips: Majestic Wine, Burberry, Capita
30th Sep 2016 15:30
(ShareCast News) - Majestic Wine's shares fell on Friday as Canaccord Genuity reiterated a 'sell' rating and cut the target price to 290p from 350p. The company last Wednesday issued a profit warning, saying it had been hit by the costs of a failed marketing campaign for its Naked Wines business in
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