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Capita PLC (CPI.L)

CPI.L on London Stock Exchange

138.80GBp
20 Aug 2018
Change (% chg)

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138.80
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Avg. Vol
10,530,189
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403.68
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77.81

Latest Key Developments (Source: Significant Developments)

Janus Henderson Discloses 5.01 Pct Stake In Capita - Filing
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Capita PLC ::JANUS HENDERSON DISCLOSES 5.01 PERCENT STAKE IN CAPITA PLC - FILING.  Full Article

Capita Says Nick Greatorex To Step Down As CFO
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Capita PLC ::DIRECTORATE CHANGE.NICK GREATOREX HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN AS CHIEF FINANCIAL OFFICER.A SEARCH FOR A NEW CFO IS UNDERWAY AND A FURTHER ANNOUNCEMENT WILL BE MADE IN DUE COURSE.NICK WILL REMAIN WITH COMPANY AND ASSIST WITH AN ORDERLY TRANSITION OVER COMING MONTHS.  Full Article

Capita To Sell ParkingEye For 235 Mln Pounds
Thursday, 12 Jul 2018 

July 12 (Reuters) - Capita Plc ::CAPITA ANNOUNCES THE DISPOSAL OF PARKINGEYE.DEAL FOR A CASH CONSIDERATION OF £235 MLN.NOW EXPECT TO RAISE MORE THAN £400 MLN FROM NON-CORE DISPOSALS IN 2018, WELL AHEAD OF OUR TARGET OF £300 MLN.CASH PROCEEDS WILL BE USED TO REDUCE NET INDEBTEDNESS.GOLDMAN SACHS INTERNATIONAL ACTED AS CAPITA'S SOLE FINANCIAL ADVISOR ON TRANSACTION.  Full Article

Capita Says Awarded Contract Worth About 109 Mln Pounds
Thursday, 12 Jul 2018 

July 12 (Reuters) - Capita Plc ::CAPITA AWARDED CONTRACT BY STANDARDS AND TESTING AGENCY.SIX-YEAR CONTRACT, COVERING 2020 TO 2024 TEST CYCLES, IS WORTH APPROXIMATELY 109 MILLION POUNDS.  Full Article

Capita Says Selected For Defence Fire And Rescue Project
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Capita PLC ::CAPITA SELECTED FOR DEFENCE FIRE AND RESCUE PROJECT.ACKNOWLEDGES STATEMENT BY MOD AND CONFIRMS THAT IT HAS BEEN SELECTED AS WINNING TENDERER FOR DEFENCE FIRE AND RESCUE PROJECT.  Full Article

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

UPDATE 2-Profit fall underlines Capita challenge, shares sink

* Shares drop by more than 6 pct following results (Releads with details, CEO comments)