Investments and investor services
FTSE 100 closes higher, buoyed by hopes for City post-Brexit
FTSE 100 closed around 30 points higher at 7,398 on Minday
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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Investments and investor services
FTSE 100 closed around 30 points higher at 7,398 on Minday
Archive
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
Capita will continue to provide the BBC with audience feedback, ideas for programme-making and new ways to encourage public participation
The announcement comes in the wake of Capita unveiling a profit warning and plans for a £700mln rights issue in a January trading update.
ShoreCap raised its rating on the stock to ‘hold’ from ‘sell’ with a target price of 152p
Investments and investor services
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
Archive
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
A look at some of the biggest risers and fallers in the London market on Wednesday
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
The outlook for Capita remains unclear until a strategic update later in the year, according to Morgan Stanley
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
Jefferies cut its rating on Capita to ‘hold’ from ‘buy’ and slashed its target price to 200p from 750p
Investments and investor services
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
Capita won more than 10 times the number of UK public sector contracts awarded to Carillion over the past two years, according to data firm Tussell
Some of the main news-driven share price changes in London on Wednesday ...
Capita's profit warning comes in the wake of the collapse of fellow contractor Carillion earlier this month
Britain's top tier index closed around 54 points lower at 7,533
In a statement, Capita said the contract renewal and expansion commences April 2018 and is worth approximately £70mln over the contract term
The FTSE 250-listed outsourcing group said Prudential has decided to terminate the contract as part of a wider customer and technology transformation programme
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