Key Developments: Capita PLC (CPI.L)

CPI.L on London Stock Exchange

1,092.00GBp
19 Dec 2014
Price Change (% chg)

16.00p (+1.49%)
Prev Close
1,087.00p
Open
1,085.00p
Day's High
1,096.00p
Day's Low
1,084.00p
Volume
1,760,195
Avg. Vol
1,737,312
52-wk High
1,248.00p
52-wk Low
968.50p

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Latest Key Developments (Source: Significant Developments)

Capita PLC Announces Directorate Change
Monday, 18 Nov 2013 02:00am EST 

Capita PLC announced that Paul Pindar will retire from Capita and step down as Chief Executive and from the Group Board with effect from February 28, 2014. In line with Capita's senior management succession plan, Andy Parker, the Group's current Deputy Chief Executive and Joint COO, will succeed Paul as Chief Executive from March 1, 2014. To ensure a seamless transition, Andy will step down from his role as Joint COO from January 1, 2014, allowing him to fully focus on his role as Deputy Chief Executive. Dawn Marriott-Sims, currently Executive Director of Capita's Workplace Services division, will be appointed to the Group Board and succeed Andy as Joint COO with effect from January 1, 2014.  Full Article

Capita PLC Acquires ParkingEye
Wednesday, 23 Oct 2013 11:13am EDT 

Capita plc announced that it is acquiring ParkingEye, a provider of technology based car parking services, for an enterprise value of GBP57.5 million on a cash free debt free basis. ParkingEye's automatic number plate recognition (ANPR) based management system is used by clients to provide remote enforcement, management information and alerting systems. The acquisition will be satisfied in cash of GBP54.8 million (GBP23.9 million payable on completion and GBP30.9 million payable at certain times during the period up to and including February 2014) and the issue of 413,421 ordinary shares of 2 1/15 pence each in Capita plc (`Consideration Shares') to certain selling shareholders.  Full Article

Capita PLC Secures Electronic Monitoring Contract
Tuesday, 20 Aug 2013 06:57am EDT 

Capita PLC announced that it has been selected by the Ministry of Justice (MoJ) as preferred bidder for the electronic monitoring and field support services contract and also the role of overall services and systems integrator. We expect the contract to generate revenues to Capita of some GBP400 million over the initial six year contract term, based on the anticipated increase in the use of tags beyond the current numbers of monitored individuals. Capita will also work with the MoJ to promote the intellectual property which underpins the service internationally, generating further growth and value for the public purse and Capita.  Full Article

Capita PLC Announces Contract Win
Tuesday, 6 Aug 2013 02:00am EDT 

Capita PLC announced that it has signed contracts with the London Borough of Barnet to support the Council's new support and customer service organisation (NSCSO) and development and regulatory services (DRS). Under the NSCSO contract, Capita will deliver a range of services for the Council including corporate programmes, customer services, estates, finance, human resources and payroll, information systems, procurement, revenues and benefits. The contract is worth approximately GBP320m over 10 years and will commence on September 1, 2013. Under the DRS contract, Capita will manage services including highways management, planning and development, regeneration and environmental health and trading standards services.  Full Article

Circle Holdings PLC Announces Re Joint Venture With Capita PLC
Wednesday, 31 Jul 2013 02:00am EDT 

Circle Holdings PLC Partnership has announced a partnership with Capita. The agreement will allow the businesses to combine their respective strengths to provide compelling propositions when bidding for health sector contracts. The two parties will work together in delivering clinical solutions and the associated back office administration and customer services.  Full Article

Capita PLC Announces Interim Dividend
Thursday, 25 Jul 2013 02:00am EDT 

Capita PLC announced that the Board has declared an interim dividend of GBP0.087 per ordinary share (H1 2012: GBP0.079) representing an increase of 10%. The interim dividend will be payable on October 7, 2013 to shareholders on the register at the close of business on August 23, 2013.  Full Article

Capita Plc Signs Contract With Telefonica Uk (O2)
Tuesday, 2 Jul 2013 08:38am EDT 

Capita PLC announced that it has signed a contract with Telefonica UK (O2) to form a 10 year strategic partnership for customer management services expected to be worth approximately GBP1.2 billion. The deal, which builds on Capita's existing long-term partnership with O2, will see Capita run and manage O2's customer service centres and support O2 as it enhances and expands its digital service offering to customers. The contract commenced on July 1, 2013.  Full Article

Capita PLC To Close O2 Call Centres And Cut Thousands Of Jobs-Reuters
Wednesday, 29 May 2013 09:48pm EDT 

Reuters reported that Capita PLC plans to close two major O2 call centres and cut thousands of jobs after winning a big contract last week to manage the mobile phone operator's customer services, a newspaper reported. The Company will close facilities in Bury, Greater Manchester and in Glasgow when it ends leases in 2015 and also slash jobs at call centres in Dearne Valley and Leeds, the Telegraph said citing documents seen by the paper. Capita plans to eventually retain only around 1,370 of the 3,700 O2 staff due to be transferred at the start of the deal in July. To make up for that loss of headcount, it will expand a Capita call centre in Cape Town and increase customer support via web chats that would be managed from India.  Full Article

Capita PLC Selected By O2 To Form 10 Year Partnership
Tuesday, 21 May 2013 02:00am EDT 

Capita PLC announced that it has been selected by communications company Telef√≥nica UK (O2) as their preferred bidder to form a ten year strategic partnership for customer management services. The deal, which builds on Capita's existing long-term partnership with O2, will see Capita run and manage O2's customer service centres and support O2 as it enhances and expands its digital service offering to customers. Final negotiations are now taking place, with the 10 year contract expected to be worth approximately GBP1.2 billion and due to commence on July 01, 2013.  Full Article

Capita PLC Comments On FY 2013 Organic Revenue Guidance
Tuesday, 21 May 2013 02:00am EDT 

Capita PLC announced that for fiscal 2013, it expects to achieve greater than anticipated organic growth and currently has visibility of at least 8% organic revenue growth.  Full Article

Earnings, forex fines weigh on Britain's FTSE 100

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