Edition:
United Kingdom

Capita PLC (CPI.L)

CPI.L on London Stock Exchange

150.90GBp
15 Jun 2018
Change (% chg)

-0.85 (-0.56%)
Prev Close
151.75
Open
151.70
Day's High
154.75
Day's Low
150.15
Volume
18,927,159
Avg. Vol
11,816,261
52-wk High
439.66
52-wk Low
77.81

Latest Key Developments (Source: Significant Developments)

Capita Says Agreed With Transport For London To Expand Current Contract
Tuesday, 5 Jun 2018 

June 5 (Reuters) - Capita PLC ::REG-CAPITA PLC: CONTRACT.AGREED WITH TRANSPORT FOR LONDON (TFL) TO EXPAND ITS CURRENT CONTRACT TO INCLUDE CENTRAL LONDON ULTRA LOW EMISSION ZONE.VARIATION TO CURRENT CONTRACT IS EXPECTED TO BE WORTH £56 MILLION TO CAPITA.  Full Article

Bookrunner Says Orders Below 137p Risk Missing The Deal For Capita Rights Issue
Friday, 25 May 2018 

May 25 (Reuters) - Capita PLC's Bookrunner::BLOCK TRADE - CAPITA PLC RIGHTS ISSUE- BOOKRUNNER SAYS ORDERS BELOW 137P RISK MISSING THE DEAL.  Full Article

Capita Says Not To Pay Final Dividend, To Raise Equity Via Rights Issue This Year
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Capita Plc ::‍UPDATE ON CAPITA'S TRANSFORMATION AND OUTLOOK​.‍NON-CORE DISPOSAL PROGRAMME OVER NEXT TWO YEARS​.‍DIVIDEND SUSPENDED UNTIL COMPANY GENERATING SUSTAINABLE FREE CASH FLOW​.‍2017 TRADING IN LINE WITH OUR EXPECTATIONS​.‍NON-CORE DISPOSAL PROGRAMME OVER NEXT TWO YEARS​.‍2018 UNDERLYING PRE-TAX PROFITS, BEFORE SIGNIFICANT NEW CONTRACTS AND RESTRUCTURING COSTS, EXPECTED TO BE BETWEEN £270M AND £300M.​.‍COMMENCED A MULTI-YEAR TRANSFORMATION PROGRAMME AND IS COMMITTED TO DELIVERING A STRATEGIC REVIEW OF GROUP DURING 2018​.‍"WE HAVE ALSO TAKEN SIGNIFICANT DECISION TO SUSPEND DIVIDEND AND SEEK EQUITY" - CEO​.‍DEVELOPING A MULTI-YEAR STRATEGY, OUTCOME OF WHICH IS EXPECTED TO BE ANNOUNCED LATER IN YEAR​.‍"COST SAVINGS AND NON-CORE DISPOSALS ALONE WILL NOT BE ENOUGH" -CEO​.‍IDENTIFIED SMALL NO OF BUSINESSES CONSIDERED NON-CORE TO GROUP, INCLUDING PARKINGEYE, CONSTRUCTIONLINE.INTENDS TO USE PROCEEDS FROM DISPOSALS TO REDUCE INDEBTEDNESS IN SHORT TERM AND TO INVEST IN REMAINING CORE AREAS OF GROUP OVER TIME​.ENTERED INTO A STANDBY UNDERWRITING AGREEMENT FOR UP TO £700M WITH CITI GLOBAL MARKETS LIMITED AND GOLDMAN SACHS INTERNATIONAL​.‍APPROPRIATE LEVERAGE FOR CAPITA OVER MEDIUM TERM SHOULD BE BETWEEN 1.0 AND 2.0 TIMES NET DEBT TO EBITDA​.‍EXPECT A FREE CASH OUTFLOW THIS YEAR​.‍CURRENTLY UNDERTAKING A TRIENNIAL REVIEW OF PENSION SCHEME​.  Full Article

Top Capita investor Woodford maintains its exposure
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Capita ::TOP INVESTOR WOODFORD SAYS MAINTAINS EXPOSURE TO STOCK.INVESTOR WOODFORD SAYS DIVIDEND CUT CANNOT COMPLETELY BE RULED OUT, SAYS EXPECTS CLEARER LONG-TERM STRATEGY FOR BUSINESS.  Full Article

Capita Says ‍Marks & Spencer Extends Partnership With Capita
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Capita Plc ::‍MARKS & SPENCER EXTENDS CUSTOMER CONTACT PARTNERSHIP WITH CAPITA BY FIVE YEARS​.‍EXTENDED ITS DIGITAL CUSTOMER CONTACT PARTNERSHIP WITH CAPITA BY A FURTHER FIVE YEARS​.‍CAPITA WILL ALSO EXTEND ITS CUSTOMER SERVICES SUPPORT TO M&S'S INTERNATIONAL ONLINE BUSINESS IN MARKETS LIKE US, AUSTRALIA AND FRANCE​.  Full Article

Capita Says Prudential's Life, Pensions Business Administration To be Transferred From Capita
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Capita Plc ::PRUDENTIAL SAID ADMINISTRATION OF ITS LIFE AND PENSIONS BUSINESS TO BE TRANSFERRED FROM CAPITA TO NEW SUPPLIER ON JULY 31.PRUDENTIAL'S LIFE AND PENSIONS OPERATIONS EXPECTED TO CONTRIBUTE REVENUE OF ABOUT 80 MILLION STG TO CAPITA IN FY 2017.‍CAPITA WILL CONTINUE TO ADMINISTER PRUDENTIAL'S INTERNATIONAL OPERATIONS​.  Full Article

Capita's Life, Pensions Business Administration To be Transferred From Capita
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Capita Plc ::‍ANNOUNCED THAT ADMINISTRATION OF ITS LIFE AND PENSIONS BUSINESS WILL BE TRANSFERRING FROM CAPITA TO A NEW SUPPLIER ON 31ST JULY 2018​.‍CAPITA WILL CONTINUE TO ADMINISTER PRUDENTIAL'S INTERNATIONAL OPERATIONS​.LIFE AND PENSIONS OPERATIONS ARE EXPECTED TO CONTRIBUTE REVENUE OF AROUND £80M TO CAPITA IN FULL YEAR TO DECEMBER 2017..  Full Article

Capita Signs Contract With Tfl
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Capita Plc ::PRESS RELEASE REG-CAPITA PLC: TRANSPORT FOR LONDON CONTRACT AWARD.SAYS HAS SIGNED CONTRACT WITH TFL FOR PROVISION AND ONGOING MANAGEMENT OF ITS ACCESS AND WIDE AREA NETWORK SERVICES ACROSS ALL TFL SITES.‍EXPECTED TO DELIVER SIGNIFICANT SAVINGS OF AT LEAST £33M TO TFL THROUGH EFFICIENCIES AND MODERNISATION OF EQUIPMENT​.SAYS INITIAL CONTRACT IS VALUED AT APPROXIMATELY £80M WITH AN OPTION TO EXTEND FOR UP TO FIVE FURTHER YEARS.  Full Article

UK's FCA says Capita Financial publicly censured and fined 66 mln stg
Friday, 10 Nov 2017 

Nov 10 (Reuters) - UK's Financial Conduct Authority :UK'S FCA- CAPITA FINANCIAL HAS BEEN PUBLICLY CENSURED AND WILL PAY UP TO 66 MILLION STG TO INVESTORS WHO SUFFERED LOSS FROM GUARANTEED LOW RISK INCOME FUND.  Full Article

Capita Plc completes disposal of Capita Asset Services
Friday, 3 Nov 2017 

Nov 3 (Reuters) - CAPITA PLC :COMPLETION OF DISPOSAL OF CAPITA ASSET SERVICES.‍CAPITA CONFIRMS COMPLETION OF SALE OF CAS FOR A CASH FREE, DEBT FREE CONSIDERATION OF £888 MILLION​.  Full Article

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Ex-dividends and sterling keep FTSE under pressure while oil stocks surge

LONDON Britain's top share index dipped on Thursday following a delayed open as stocks trading ex-dividend outweighed a rise among banks and big oil, while a stronger pound added pressure.