Capita in talks to sell education software business
The government contractor plans to use the proceeds to strengthen its balance sheet
Company
Capita PLC
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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Capita highlights earnings resilience as cost savings offset pandemic revenue hit
The outsourcing group also confirmed discussions are ongoing regarding the disposal of its Education Software Solutions business
Capita refutes media reports on CVC Capital Partners takeover proposal
The outsourcer said it did not receive an offer from the private equity giant
Remote working stocks to back if Boris Johnson fails with his back-to-the-office campaign
Large and small cap companies in various sectors have reported growing demand due to more people having to work from home during the pandemic
Capita expected to shut a third of its offices as remote working proves a success
“COVID-19 has accelerated the transformation of our working practices,” the outsourcer said in its recent results
Capita slides to losses after staff avoid taking holidays due to coronavirus
The outsourcer took a multi-million pound hit due to untaken staff holidays
Capita extends congestion charge, low emissions contracts with TFL for five years
The £355mln deal is to manage London’s Congestion Charge, Low Emission Zone and Ultra Low Emission Zone
Capita surges as it plans sale of education software business
Following a strategic review into the software division, the outsourcing firm said it plans to dispose of any standalone assets in the business that have little overlap or cross-sell potential
Capita inks contact centre contract with Irish Water
The outsourcing group will operate contact centre services, from Cork, over an initial five-year contract period.
Capita secures extension of £60mln contract for teachers’ pension scheme
The service covers collection of contributions and calculation of pension payments for 2mln members across England and Wales
Capita defends coronavirus response and scraps guidance issued three weeks ago
Training, resourcing, contact centres for retail and leisure clients, consulting and the corporate travel agency are likely to be hit hard
Capita still faces structural, strategic and competition challenges but "value is real"
Analysts at Shore Capital said “risk is high” but the outsourcer's genuine strategic value “deserves to be considered”
Capita crumbles as transformation "requires more investment than expected"
“Transforming an organisation of Capita’s size is a complex challenge; there remains more to do and it is requiring more investment than we had expected in 2018”
Capita supported by Deutsche Bank upgrade to ‘hold’ from ‘sell’ on valuation grounds
The German bank, however, trimmed its target price for the FTSE 250-listed firm to 150p from155p, with the stock just hovering above that level at 150.05p
Capita downgraded to ‘sell’ by UBS as analysts cast doubt on 2020 turnaround
The Swiss bank thinks 2020 will be "too early" for the outsourcer to return to organic growth, predicting instead a 2% decline for the year
Capita gets a pretty positive downgrade from JPMorgan
There is quite a difference of opinion on the outsourcing group in the Square Mile, with five ‘buys’, six ‘holds’ and two ‘sells’
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