Investments and investor services
FTSE 100 closes higher and global stocks rally as trade fears seem to ease
On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
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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Jobs figures take macro spotlight on Tuesday while LandSec leads company reports
Analysts at RBC Capital Markets are expecting the UK jobless rate to remain below 5% for a third successive month
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Burberry, Kingfisher, Thomas Cook and Aston Martin in focus in week ahead
The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
Capita profits fall less than expected as the outsourcer undergoes major overhaul
Chief executive John Lewis said his transformation plan for Capita still has some way to go
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FTSE 100 closes higher as no deal Brexit fears ease
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Thursday's Brexit fallout likely to overshadow Capita and Savills results
Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Interserve moves to reassure investors as ex-shareholder claims it ‘could be next Carillion’
The “large”, unnamed ex-shareholder told the BBC that he wasn’t sure Interserve could survive much longer without a fresh injection of cash, which he doesn’t think will be forthcoming
Capita to handle Westminster's council tax collections for another seven years
The renewal comes with an option to extend for an additional three years and is worth £65mln in total.
Rank Group appoints former Experian executive Bill Floydd as CFO
Bill Floydd replaces Clive Jennings, who stepped down in August after seven years in the role
Hardware & electrical equipment
Capita picks talent management platform operator Adepto as a partner
Chris Milligan, the CEO and founder of Adepto, said the agreement with Capita would enable it to build on its successes to date
UK government awards Capita five-year contract extension worth £93mln
The outsourcing group has had its contract to manage the UK’s Gas Safe Register extended until 2024
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Housebuilders to be in focus as Autumn kicks off with a welter of sector updates
Aside from the housebuilders, the week head will also see updates from advertising giant WPP, electricals retailer Dixons Carphone, and transport operator Go-Ahead Group
Capita poaches Go-Ahead Group finance chief to help oversee turnaround plans
Reports suggest Patrick Butcher will take a key role in restoring the fortunes of the group
Capita share price decline presents buying opportunity, says RBC
RBC repeated an ‘outperform’ rating on Capita and raised its target price to 210p from 200p
Jefferies upgrades Capita to ‘Buy’ as it sees potential in software division following cut in full-year guidance
The broker said that the FTSE 250 outsourcer’s software division had “attractive (free cash flow) characteristics…recently won a contract in India (and) can grow overseas”
Tekcapital shares edge higher as portfolio company names new chief executive
A look at some of the top risers and fallers in London today
Capita lowers profit guidance and warns turnaround plan will take time
Capita reported a 59% drop in underlying pre-tax profit to £80.5mln in the first half
Investments and investor services
FTSE 100 closes firmly lower as miners lag and attention turns to BoE rate decision
The Footsie closed Wednesday almost 96 points lower at 7,652.
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Financial sector to hold most attention as Fed rate decision looms
The Fed rate decision is expected to come and go with little drama on Wednesday, with the decision from the Bank of England on Thursday more likely to cause upheaval