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Capita PLC (CPI.L)

CPI.L on London Stock Exchange

24 Nov 2017
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-11.90 (-2.47%)
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Latest Key Developments (Source: Significant Developments)

Capita says N.Ireland Education Authority extends ICT services contract
Tuesday, 28 Feb 2017 05:46am EST 

Capita : Northern Ireland Education Authority has extended its contract with capita to provide ICT services for over 1,100 schools in northern ireland .Two-Year extension is expected to be worth greater than £50m and will run until march 2019. Original £170m five-year contract began in 2012.  Full Article

Co-op Bank, Capita revise terms over provision of mortgage administration services
Monday, 13 Feb 2017 02:00am EST 

Co-operative Bank Plc <42RQ.L>: Capita mortgage outsourcing programme . Capita Plc and Co-operative Bank Plc confirm that they have resolved all aspects of their existing contractual dispute . Have agreed revised terms relating to provision of mortgage administration services . Existing systems will continue to be utilised with transformation activity not being progressed .Terms of revised contract do not impact bank's current capital guidance.  Full Article

Capita CEO confident actions will protect dividend, allay need to raise capital
Thursday, 8 Dec 2016 02:47am EST 

Capita : CEO Andy Parker tells Reuters expects 2017 to be transitional year, sustainable growth from 2018 . Capita CEO says confident actions will protect dividend, allay need to raise capital .Capita says Goldman Sachs chosen to sell Capital Asset Services unit, has already seen interest, expects completion in H2 2017.  Full Article

Capita says reorganising operations into six divisions
Thursday, 10 Nov 2016 07:00am EST 

Capita Plc : Organisation and directorate change announcement . Capita is reorganising its current businesses and operations into six divisions . Each division will be led by an executive officer (EO) . Dawn Marriott-Sims has decided to step down from board and is leaving company with immediate effect . EOs will report directly to CEO, Andy Parker, and have regular interface with wider board, increasing transparency and oversight . Former position of COOs, to whom divisions use to report, has been removed .From Jan 1 2017, board will consist of 4 executive directors and 5 non-executives including Ian Powell, who assumes chairmanship from Jan 1.  Full Article

Co-Operative Bank comments on Capita mortgage outsourcing program
Thursday, 29 Sep 2016 09:26am EDT 

Co-operative Bank : Refutes Capita's suggestion that they have delivered an element of transformation programme which bank has not paid for . Existing outsourcing of mortgage processing to Capita continues to operate in a satisfactory manner .There are amounts which bank regards as owing to it by Capita; continues to work through issues surrounding transformation programme.  Full Article

Capita says Brexit increased uncertainty
Wednesday, 27 Jul 2016 02:58am EDT 

Capita Plc : Underlying revenue growth on a like for like basis(1) of 8.8 pct for half year . Underlying operating margin(1) of 13.2 pct (H1 2015 on a like for like basis(1): 12.9 pct) for half year . "Expect delays to be more than offset in medium-term by incremental opportunities that arise as clients respond to impacts of UK leaving EU." . Underlying profit before tax(1) up 8 pct to 285.3m stg(H1 2015: 264.9m stg) for half year . Reported profit before tax 186.1m stg(H1 2015: 146.1m stg) for half year . "While it is too early to know impact of recent EU referendum, it has created increased uncertainty" ."We are continuing to experience some delays in decision making in short term.".  Full Article

Capita says Pensions Regulator extends partnership
Monday, 4 Jul 2016 02:38am EDT 

Capita Plc : Contract extension is worth an additional 37 mln stg over three years and will run from October 2018 .Pensions regulator extends partnership with Capita for an additional three years.  Full Article

Capita names Ian Powell as new chairman from next year
Monday, 4 Jul 2016 02:03am EDT 

Capita Plc : Appoints chairman designate . To announce appointment of ian powell as non-executive director and chairman designate from 1 september 2016. .Ian will succeed martin bolland as non-executive chairman on 1 january 2017..  Full Article

Capita says selected by Tesco mobile for 140 mln stg partnership
Tuesday, 28 Jun 2016 04:25am EDT 

Capita Plc : Selected by Tesco mobile to form partnership . Deal is worth approximately 140 mln stg for an initial five year term and is due to commence on Aug. 1 2016 . Capita has secured major new and extended contracts worth over 800 mln stg in first six months of 2016 . Following due consultation, approximately 550 permanent employees will transfer to Capita under TUPE regulations .Further 240 temporary staff will continue to work on Tesco mobile account under Capita's management.  Full Article

Capita says on track for 2016 organic revenue growth
Tuesday, 10 May 2016 02:00am EDT 

Capita Plc : Made a solid start to 2016, having secured 458 mln pounds aggregate major contracts . We are on track to meet consensus expectations for 2016 . Continue to manage business to deliver strong EPS growth, cash flow and return on capital .Have greater visibility and confidence of achieving our target organic revenue growth of at least 4 percent this year.  Full Article

PRESS DIGEST- British Business - Nov 3

Nov 3 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.