|Bid||140.00 x 176000|
|Ask||155.00 x 160600|
|Day's Range||140.40 - 147.25|
|52 Week Range||78.69 - 586.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 2, 2018 - Apr 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||158.34|
Amla joins from IBM and will start on Dec. 1, Capita said. Two weeks ago Capita hired a new chief financial officer, Patrick Butcher, from bus and rail operator Go-Ahead Group. Amla's appointment confirmed a Sky News report http://bit.ly/2wNQxlI.
Britain's Capita Plc has appointed Ismail Amla to the new role of chief growth officer as CEO Jon Lewis drives plans to return the outsourcing firm to revenue growth in 2020. Amla joins from IBM and will start on Dec. 1, Capita said. Two weeks ago Capita hired a new chief financial officer, Patrick Butcher, from bus and rail operator Go-Ahead Group .
Capita Plc has appointed Ismail Amla to the newly created role of Chief Growth Officer, the latest move by its CEO to rebuild one of Britain's big outsourcing firms. "As Capita progresses with its transformation strategy and plan, it has created the new role of Chief Growth Officer," Capita said, adding Amla's appointment would be effective from Dec. 1. Amla, joining from International Business Machines Corp where he was Managing Partner at its professional services division, will report to Chief Executive Jon Lewis, the company said.
Chief Executive Jonathan Lewis was appointed late last year after a series of profit warnings to reboot Capita, and raised 700 million pounds ($893 million) to prop up the business in April. Like Carillion - which collapsed dramatically at the start of this year - Capita depends on a mix of public and private contracts, although it is focussed chiefly on IT services. Butcher comes with almost 20 years of experience as head of finance at public companies, although during his tenure at Go-Ahead, which operates some of London's much-maligned commuter rail lines, the company's share price fell by almost 40 percent.
Opposition Labour leader Jeremy Corbyn, on a four day trip to boost his party's fortunes in Scotland, will meet asylum seekers in Glasgow on Wednesday amid a row about the treatment of would-be immigrants. Corbyn, who has steered Labour to the left, is calling for Britain to roll back its "dangerous and failed" policy of contracting private firms like Serco, G4S and Capita to deliver and manage public services in healthcare, transport and detention centres. The row over immigrants blew up after Serco announced a plan to change the locks on the homes of asylum seekers whose applications had been refused.
By Helen Reid LONDON (Reuters) - Britain's top stock index fell on Wednesday as mining and materials shares sold off on a slide in metals prices after the Trump administration threatened further tariffs ...
Capita is inviting employees to apply for up to two seats on the board of the British outsourcing firm in an attempt to improve its corporate culture and public image. The boardroom has long been the preserve of senior executives and external directors in Britain, although staff representation at the top of the company is common in other European countries. Drafting staff onto its board would be the first time a publicly-listed British company had made such appointments since the 1980s, a spokeswoman for Capita said on Wednesday, adding that those selected from among its 53,000 UK employees would keep their day jobs.
British outsourcer Capita said it was on track to make the cost savings and full-year profits it has promised but warned it faced a long road to recovery following a string of profit warnings. Capita, in the middle of a turnaround programme after raising cash from investors, said 2018 underlying pre-tax profit would now be between 250-275 million pounds versus 270-300 million pounds predicted earlier this year. Showing the scale of the challenge ahead, first-half pre-tax profit fell 59 percent on an underlying basis to 80.5 million pounds and it said it expected organic growth to be weaker in the second half than the first.
(Adds company news items and futures) Aug 1 (Reuters) - Britain's FTSE 100 index is seen opening down 12 points at 7,737 points on Wednesday, according to financial bookmakers, with futures down about ...
Britain's Ministry of Defence (MoD) said it had suspended a contract for outsourcing group Capita to provide firefighting services on military sites after rival Serco began a legal challenge to the decision. Capita beat Serco in June to win the contract in a major boost to the company which is being restructured by its new chief executive, Jonathan Lewis.
The following are the top stories on the business pages of British newspapers. A further 1,500 restaurant sector jobs could be at risk after Gaucho Group confirmed that it had filed a notice of its intention to appoint administrators. The chief executive of Premier Foods Plc has narrowly survived a bid by a group of shareholders to oust him at its annual meeting.
** Comcast Corp on Wednesday raised its all-cash offer for Britain's Sky to $34 billion, topping a raised bid of $32.5 billion for the pay-TV group from Rupert Murdoch's Twenty-First Century Fox. ** Broadcom Inc announced a $18.9 billion deal to buy U.S. business software company CA Inc on Wednesday, venturing far beyond its realm of semiconductors and testing investors' confidence in its Chief Executive Officer Hock Tan's dealmaking credentials. ** U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported.
The company, which raised 701 million pounds from investors in May after a series of profit warnings, agreed on Thursday to sell its parking management business, ParkingEye, for 235 million pounds. The sale to a vehicle owned by Macquarie and funds advised by MML Capital Partners is expected to close this year, Capita said.
The government, which awards 200 billion pounds of public contracts to private companies every year, plans to force those doing critical work for government departments to provide a "living will" agreement that would pass their work to another supplier in an emergency. Cabinet Office Minister David Lidington said earlier on Monday he was also seeking to make it easier for smaller companies, charities and social enterprises to take on large government contracts, and would demand more transparency and social awareness from public service providers. Carillion collapsed in January when its banks halted their funding, leading to the loss of thousands of jobs and a political row over Britain's outsourcing of public services to private companies.
EDINBURGH, Scotland (Reuters) - Britain is preparing to toughen up contract terms for private companies operating in the public sector over the next 12 to 18 months after the collapse of outsourcing group ...
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Capita plc (LON:CPI) as an investment opportunity by projecting its futureRead More...
The following are the top stories on the business pages of British newspapers. BT Group Plc is braced for a shareholder revolt over the choice of KPMG as its new auditor after damning reports about the Big Four accountancy firm. The appointment of KPMG has to be approved by BT shareholders at the group's annual meeting on July 11.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Time runs out for £26tn financial contracts affected by ...
Capita, which raised 701 million pounds ($922 million) from investors in May after a series of profit warnings, said the sale of Supplier Assessment Services would help strengthen the company. "This transaction marks a further step in executing the strategy announced in April aimed at simplifying and strengthening the business to deliver future success," Chief Executive Jonathan Lewis said. Analysts also welcomed the contract win, the first major deal awarded by the government since the collapse of Carillion, a construction and outsourcing partner to the government which went out of business in January, rocking the sector.
British outsourcer Capita (CPI.L) has been awarded a British Ministry of Defence contract to provide defence workers and firefighters, the Unite union said on Monday. Unite said Capita had beaten rival Serco (SRP.L) although Capita was yet to officially confirm the deal and no one from the company was available for comment. Capita which provides IT-led services for the public and private sector, is trying to pay down debt, boost investment after a period in which it took on more work than it could profitably handle.
I am going to run you through how I calculated the intrinsic value of Capita plc (LSE:CPI) using the discounted cash flow (DCF) method. If you want to learn moreRead More...
Britain's top share index dipped on Thursday following a delayed open as stocks trading ex-dividend outweighed a rise among banks and big oil, while a stronger pound added pressure. The blue-chip FTSE 100 (.FTSE) index and mid-caps both closed down 0.1 percent. Cyclical stocks were in demand, however, with oil majors and financials driving the lion's share of gains.
Mitie has been investing heavily in technology and staff retention as its new management seeks to turn the page on a string of profit warnings and investigations into past financial accounts and disclosure. On Thursday, it guided to "modest" revenue growth, less than 5 percent, and higher profit for its current financial year as its investment peak had passed. Shares in Mitie - which provides engineering, security and cleaning services to customers including Sainsbury's (SBRY.L) and Vodafone (VOD.L) - rose 5 percent to 205.6 pence by 0900 GMT, their highest level this year.