Edition:
United States

Capita PLC (CPI.L)

CPI.L on London Stock Exchange

404.40GBp
15 Dec 2017
Change (% chg)

-2.70 (-0.66%)
Prev Close
407.10
Open
405.80
Day's High
415.70
Day's Low
400.50
Volume
6,203,774
Avg. Vol
2,657,717
52-wk High
721.00
52-wk Low
397.90

Latest Key Developments (Source: Significant Developments)

Capita says trading in line, hunt for new CEO continues
Thursday, 21 Sep 2017 02:00am EDT 

Sept 21 (Reuters) - Capita Plc :Cost initiatives on track to realise around £57m savings by end of 2018.2017 h1 financial summary: trading broadly in line with expectations.Underlying revenue declined by 3%. Growth on a like for like basis(1) was 1% including 0.5% organic decline.Underlying profit before tax(1) up 46% to £195m (h1 2016: £134m).Underlying revenue declined by 3%..Underlying profit before tax(1) up 46% to £195m.Underlying pre-tax profits before significant new contracts and restructuring to rise modestly in second half.Maintained interim dividend of 11.1p (h1 2016: 11.1p).Leverage at end of 2017 around bottom of our 2.0 to 2.5 times range.Net debt at end june 2017 of £1,596m (h1 2016 £1,901m).Remain confident that actions we commenced last year are making capita a simpler business.Major contract win rate 1 in 2 (2016: 1 in 3).Bid pipeline £3.1bn (march 2017: £3.8bn), with a weighted average contract length of 5.5 years (march 2017: 7 years). Annual value of bids maintained..Underlying pre-tax profits before significant new contracts and restructuring to rise modestly in second half, compared to first half of 2017.We remain confident that actions we commenced last year are making capita a simpler business, well positioned for future.Board is pleased with progress in our search process for a new ceo.Some of our trading businesses which are not improving as quickly as expected.Expect leverage to fall to around bottom of our 2.0 to 2.5 times range at end of 2017..  Full Article

Barclays Plc names Matthew Lester as a non-executive director
Wednesday, 19 Jul 2017 06:00am EDT 

July 19 (Reuters) - Barclays Plc ::Matthew Lester has been appointed as a non-executive director of Barclays.Lester will take up his appointment on 1 September 2017.Matthew Lester currently serves on boards of Capita Plc and Man Group Plc, as a non-executive director.  Full Article

Capita to sell unit to Link Group for 888 mln stg
Friday, 23 Jun 2017 01:11pm EDT 

June 23 (Reuters) - Capita Plc ::Sale of capita asset services to link group for 888 mln stg.Capita plc says transaction is subject to certain regulatory and other approvals and completion is expected in Q4 2017.  Full Article

UK's CMA says Vodafone-Capita confirm that merger is abandoned
Tuesday, 30 May 2017 09:23am EDT 

May 30 (Reuters) - UK's Competition and Markets Authority::Capita and Vodafone have confirmed that they have abandoned the transaction, the CMA has decided not to make a reference in this case.Reference to anticipated acquisition by Capita plc of the UK one-way wide-area paging services business of Vodafone Ltd.  Full Article

UK's CMA refers Capita, Vodafone deal to phase 2 investigation
Wednesday, 10 May 2017 04:39am EDT 

May 10 (Reuters) - UK's Competition and Markets Authority::Decided that it is or may be the case that this Capita, Vodafone deal may be expected to result in a substantial lessening of competition in the United Kingdom.Capita, Vodafone deal will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.  Full Article

Competition watchdog warns Capita, Vodafone on paging services
Wednesday, 10 May 2017 02:11am EDT 

May 10 (Reuters) - :CMA says Capita and Vodafone face an in-depth merger investigation, unless companies offer acceptable ways of addressing competition concerns..CMA's initial investigation into merger found it could lead to a substantial lessening of competition in supply of wide-area paging services in UK..CMA says after merger, customers could face price rises and reduced quality of coverage..CMA says Capita has until May 17 to offer proposals to resolve competition concerns or face an in-depth phase 2 investigation..  Full Article

Capita names new managing director for real estate unit
Wednesday, 15 Mar 2017 05:45am EDT 

Capita Plc : Capita Real Estate and Infrastructure appoints dave spencer as managing director . Spencer rejoins Capita from Amey where he is currently managing director of its consulting business .Spencer succeeds Geoff Kneen, who will be leaving capita to become a shareholder in a small private equity backed business.  Full Article

K2fly says entered agreement with Capita plc
Thursday, 2 Mar 2017 08:12pm EST 

K2fly Ltd :Entered partnering agreement with Capita plc to license Capita Affinity Mobile Solutions within Australia.  Full Article

K2fly says entered agreement with Capita plc
Thursday, 2 Mar 2017 06:25pm EST 

K2fly Ltd :Entered partnering agreement with Capita plc to license Capita Affinity Mobile Solutions within Australia.  Full Article

Outgoing Capita CEO says strategy to remain intact, dividend not under threat
Thursday, 2 Mar 2017 02:42am EST 

Capita Plc : Outgoing Capita CEO Andy Parker says strategy will remain intact, strategy decided by board not by CEO .Outgoing Capita CEO says no reason why dividend cannot be maintained indefinitely, no need for capital raise.  Full Article