|Bid||153.25 x 176000|
|Ask||153.35 x 160600|
|Day's Range||149.80 - 158.35|
|52 Week Range||127.60 - 720.50|
|PE Ratio (TTM)||102.17|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The collapse of construction firm Carillion and other problems in the British market contributed to a 20 percent drop in outsourcing contracts in Europe in the first three months of 2018, a report published on Wednesday showed. Research firm Information Services Group (ISG), which tracks the outsourcing market, said the value of outsourcing contracts in Europe fell to 3 billion euros ($3.7 billion) in the first quarter. Companies' preparation for new privacy rules under the European Union General Data Protection Regulation was another factor behind the slump in contracts.
Capita (CPI.L) said it has won an extension on a contract to provide audience services to the British Broadcasting Corporation (BBC) in an early win for Jonathan Lewis, who became chief executive of the outsourcing firm last December. Lewis is working to simplify Capita's structure after years of working in myriad activities and lacking a coherent strategy led to contract losses and attrition. The BBC contract extension is good news for Capita after it failed to win a British Airways call centre deal last mont, despite a period of exclusive talks.
If you are looking to invest in Capita plc’s (LSE:CPI), or currently own the stock, then you need to understand its beta in order to understand how it can affectRead More...
By Kit Rees and Julien Ponthus LONDON (Reuters) - Melrose's successful bid for GKN helped the UK's top share index finish the month on a positive note on Thursday and gave a mildly upbeat end to the FTSE ...
Capita plc (LSE:CPI) is trading with a trailing P/E of 189.7x, which is higher than the industry average of 17.4x. While this makes CPI appear like a stock to avoidRead More...
By Tom Pfeiffer and Kit Rees LONDON (Reuters) - A move into defensive stocks helped Britain's FTSE climb to a one-week high on Wednesday, shaking off broader concerns over the U.S. tech sector that rattled ...
British Airways (ICAG.L) said it will retain its in-house call centres in Newcastle and Manchester, dashing Capita's (CPI.L) hopes of winning contracts to run the operations. "I am pleased that following a very detailed review, we are planning to retain both of our long-standing UK call centres in Newcastle and Manchester," British Airways Chief Executive Alex Cruz said. BA has been trying to cut costs in recent years, and Capita had been in a period of "exclusive engagement" with the airline to support BA's global customer contact operations, which it said handles around 9.5 million calls a year.
Shares in Mitie fell as much as 8.3 percent to 147.9 pence on Friday, hitting their lowest level in nearly 13 years. Mitie, which took its property management unit off the market in December after putting it up for sale, said on a conference call with analysts that the unit had not performed as well as it had hoped. The company raised its estimate for costs related to its turnaround - dubbed Project Helix - to about 35 million pounds for the year to March 31 from a previous estimate of 24 million.
By Helen Reid LONDON (Reuters) - A takeover offer for NEX Group sent its shares shooting up by almost a third on Friday, while the FTSE 100 registered a weekly decline in spite of a boost from energy and ...
IT-led outsourcer Capita (CPI.L) has named a new chief people officer who will report directly to CEO Jonathan Lewis and spearhead the staff changes needed for the troubled British services company to get back on track. Capita said on Monday Will Serle would take up the newly-created role, moving from Amec Foster Wheeler where CEO Lewis also worked before joining the outsourcer in December last year. Serle will sit on Capita's executive committee.
In this article I am going to calculate the intrinsic value of Capita plc (LSE:CPI) using the discounted cash flows (DCF) model. Anyone interested in learning a bit more aboutRead More...
Britain's Serco (SRP.L) has called for more transparency from the government over the award of public contracts to protect companies after rival Carillion went bust, saying the market should not be a "Wild West". Carillion, which took on large infrastructure projects as well as service contracts, collapsed in January largely because of problems with its public building works. Critics accuse the government of encouraging a risk-taking culture in which companies bid aggressively for contracts with thin margins, leaving little leeway when projects hit predictable delays.
Britain's major share index had its worst day since the Brexit vote on Tuesday as a violent global sell-off in stock markets and a spike in volatility shook investors. The FTSE 100 (.FTSE) closed down 2.6 percent at 7,141.4 points at the end of a chaotic day of trading which drove volatility sharply higher. It suffered its worst daily fall since June 24, 2016, when Britain's vote to exit the European Union roiled global markets.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Facebook Inc is close to signing a ...
Capita plc (LSE:CPI), a professional services company based in United Kingdom, saw significant share price volatility over the past couple of months on the LSE, rising to the highs ofRead More...
U.K.’s benchmark stock index dropped for a fourth straight day on Friday, extending its weekly loss, after bond yields spiked following a better-than-expected reading on the U.S. labor market.
European shares were set for their biggest weekly loss in six months on Friday as a slump in Deutsche Bank (DBKGn.DE) on a disappointing update dragged the heavyweight banking sector lower after a strong start to the year. "The stock market cannot always go up and multiples are very high. Vailati said European shares were more vulnerable than their U.S. peers to possible pull back because earnings growth expectations were stable, whereas those for U.S. companies were being revised upwards thanks to measures there to cut taxes.
Vodafone posted a disappointing trading update on Wednesday and dragged British shares into a third day of losses as outsourcing firms failed to recover after Capita's profit warning during the previous session. The FTSE 100 fell 0.6 percent to a six-week low with most European bourses also closing in negative territory. Intense competition in Spain and Italy took the shine off Vodafone's third-quarter revenues and sent the shares of the world's second largest mobile operator down 4.5 percent.
A British government minister on Thursday played down comparisons between outsourcing company Capita (CPI.L) and collapsed rival Carillion (CLLN.L) after officials met the company's senior executives following its profit warning. Capita lost nearly 50 percent of its market value on Wednesday after its new boss issued the profit warning and set out plans to raise cash to avoid the same fate as Carillion. Junior cabinet office minister Oliver Dowden told parliament that officials from his department met with Capita executives after it cut profit forecasts.
LONDON/MILAN (Reuters) - European shares fell on Wednesday as investors locked in profits at the end of a strong month while results from some of the region's biggest names also weighed. "We've the impression that investors are looking for a pretext to take a breather and lock in some of their gains.” said Andrea Tueni, head of sales at Saxo Banque Paris. Results were centre stage on Wednesday, with investors particularly impatient with earnings misses in this high-valuation environment.
LONDON/MILAN, Jan 31 (Reuters) - European shares fell on Wednesday as investors locked in profits at the end of a strong month while results from some of the region's biggest names also weighed. "We've the impression that investors are looking for a pretext to take a breather and lock in some of their gains.” said Andrea Tueni, head of sales at Saxo Banque Paris. Results were centre stage on Wednesday, with investors particularly impatient with earnings misses in this high-valuation environment.
The FTSE 100 (.FTSE) fell on Wednesday as shares in outsourcer Capita (CPI.L) tanked after a profit warning, further weighing on the monthly performance of the UK's blue-chip index. Earnings updates were the main focus on Wednesday, none more so than Capita's. The mid-cap company's shares tumbled by 47 percent, its biggest one-day loss, after it issued a profit warning, suspended its dividend and announced a rights issue. Peers Babcock (BAB.L) and Serco (SRP.L) fell 2.5 percent and 6.3 percent respectively.
British outsourcing group Capita (CPI.L) lost 40 percent of its market value on Wednesday after its new boss slashed profit forecasts and set out plans to raise cash to avoid the same fate as collapsed rival Carillion. Just two weeks after Carillion perished under a pile of debt, Capita, which provides IT services to companies and governments to cut costs, said it needed a complete overhaul and to retrench. Under new Chief Executive Jonathan Lewis who arrived in December, Capita said it would raise around 700 million pounds ($992 million) in a rights issue in 2018, scrap the dividend and sell assets to enable it to boost investment, focus on contract profitability, and plug a hole in its pensions scheme.
The British government monitors the financial health of all its strategic suppliers and does not believe that any, including Capita (CPI.L), are in a comparable position to Carillion, a spokesman for Prime Minister Theresa May said on Wednesday. "Broadly we monitor the financial health of all our strategic suppliers, including Capita, and we are in regular discussions with them regarding their financial position," the spokesman told reporters, after Capita shares fell sharply on news of a restructuring.