|Bid||150.85 x 176000|
|Ask||151.05 x 160600|
|Day's Range||150.00 - 153.50|
|52 Week Range||78.69 - 720.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||130.20|
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.
Sarah Newton, minister of state for disabled people, health and work, said the DWP “intends to explore options to extend the current contracts for approximately two years as this will better allow for a stable transition to any new provision. The estimated £210m-a-year contract to provide eligibility assessments for the PIP allowance, which provides support for people with long-term ill health or disabilities, was first awarded to Capita in 2012 and had already been extended by two years until July 2019.
Capita, which handles services for companies and governments, said its 3-for-2 rights issue of 1 billion new shares at a 70 pence per share closed on May 24 with valid acceptances of 973.5 million shares, or 97.25 per cent. The new shares are expected to begin trading on the London Stock Exchange's main market on May 25.
The following are the top stories on the business pages of British newspapers. Britain's chief accounting regulator singled out Carillion Plc for commendation as a model of good accounting practice only months before it began to implode. Martin Gilbert, co-chief executive of Standard Life Aberdeen , is taking a five-month leave of absence from commodities group Glencore Plc to give him more time to devote to his role as deputy chairman of Sky, which is at the centre of a takeover battle.
Capita plc (LSE:CPI), a professional services company based in United Kingdom, received a lot of attention from a substantial price movement on the LSE over the last few months, increasingRead More...
LONDON (Reuters) - Cabinet Office Minister Oliver Dowden downplayed similarities between debt-laden Capita (CPI.L) and the now-defunct outsourcing company Carillion, which collapsed in January. Capita ...
By Julien Ponthus and Kit Rees LONDON (Reuters) - The UK's top share index rose on Monday as a rise in bond yields buoyed financials and an appetite for risk returned at the beginning of a busy week of ...
Lewis, who took over in December, said Capita was going to do "fewer things better", with 300 million pounds of disposals lined up for this year and more in the following two years before it returns to revenue growth from 2020. "Capita needs an injection of discipline," he said on a call with analysts. It is one of a number of British service companies to have run into problems by chasing contracts on slim margins.
British outsourcing firm Capita Plc’s shares pared some of this year’s heavy losses, rising as much as 14 percent in London, after the company announced a restructuring aimed at saving hundreds of millions ...
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 ...