Capita shares slump after shock profit warning
“Our performance in the second half of the year to date has been below expectations”
Company
LON:CPI
Capita is the UK’s leading business process outsourcing (BPO) and professional services company, offering back office administration and front office customer contact services to private and public sector organisations across the UK and Ireland.
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“Our performance in the second half of the year to date has been below expectations”
London’s blue-chip FTSE 100 ticker closed above 6,900 on Thursday thanks to a deal to curb oil supply but after the break higher at the opening it just held those levels to the end of the day.
We all might as well have started the long weekend a day early for all the activity in the UK market today
Mining stocks were wanted, offsetting falls on the likes of properties and house builders
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A look at some broker tips on Friday morning, including ITV and Acacia Mining
Chilean miner is biggest riser of the session as it sells silver-zinc-lead project
Investments and investor services
The FTSE 100 opened with a slight dip then recovered 47 points to 6161
Support services group said decisions on some potential new contracts were taking longer than expected
easyJet's profits flat on a constant currency basis. Capita on track to meet consensus expectations.
Updates are also expected from Summit Therapeutics, Maxcyte and Hiscox
News flow for the drugs developer has been nothing but positive this year
Latest result from the Outsourced Cup: Serco 3 Capita 0.
Capita shares were the worst performers on the FTSE 100
Some good news on the dividends front from RSA and Lloyds, while reinsurer Beazley is moving management back to the UK.
It's a heavy week for trading updates, with the banks to the fore
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Capita, Royal Dutch Shell, Anglo, Learning Tech..
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ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
A now leaner business process outsourcer Capita expects organic growth to quicken next year, it said, sending shares higher...
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A bounce back oil prices pushed London shares higher at the close but the UK benchmark still closed lower on the day....
The miners turned back into the red during the morning session sending the index 9 points lower to 6,126.