Outsourcers’ woes continue as construction giant Kier Group braces for potential drop from FTSE 250 December 4, 2018 The beleaguered UK outsourcing industry could suffer another blow in coming days with construction giant Kier Group looking set to drop from the FTSE 250 index. Kier’s stock was down another eight per cent this morning as the spectre of Wednesday’s round of FTSE index relegations and promotions loomed. City A.M. understands Kier is one of several [...]
Capita shares drop after NHS cancer screenings error November 15, 2018 Outsourcing business Capita's share price dropped as much as nine per cent this morning, after it was hit with criticism from the NHS yesterday over its handling of a system error. It was revealed that more than 40,000 women did not receive letters of invitation or reminders regarding NHS cervical cancer screenings from Capita between January [...]
Capita’s share price adjusts to mega rights issue October 15, 2018 Outsourcing giant Capita's share price was re-based this morning after the firm admitted more than one billion new shares to the market. The company's shares were trading around 129p at the time of writing, as shareholders made the most of the opportunity to buy three discounted shares for every two they hold. Over the last [...]
Capita: UK dividend payments hit highest point since 2008 as Lloyds and HSBC return to financial health July 19, 2015 Dividends paid out by UK companies have soared to their highest level since 2008, buoyed by banks hiking their payouts and a lower pound. A total of £29.2bn was paid out during the second quarter, shows data collected by Capita Asset Services, the highest second quarter on record. “To say income investors had a bumper [...]
Capita is awarded NHS England admin contract worth up to £1bn June 22, 2015 NHS England yesterday awarded Capita the contract to become sole provider of administrative services for primary care across the UK. The four-year sole provider deal to manage and deliver services in England has a maximum value of £1bn, with an initial seven-to-ten year contract worth around £400m. Capita, along with its subcontractor Anglian Community Enterprise, [...]
Capita share price falls after losing out on probation deals to Interserve and Sodexo October 29, 2014 Outsourcing company Capita yesterday suffered its worst one-day fall in six years after it lost out on £450m worth of government probation contracts. It shed 75p a share to close down nearly 6.5 per cent after justice secretary Chris Grayling named Interserve and Sodexo among the preferred bidders for 21 probation services contracts, but overlooked [...]
Capita share price up as outsourcing firm picked for new prisoner tagging contract July 16, 2014 Outsourcing firm Capita will manage a six-year prisoner tagging contract previously held by G4S and Serco, the Ministry of Justice confirmed yesterday. The FTSE 100-listed company has been managing the service on an interim basis since April, after G4S and Serco were found to have overcharged the government. The new contract is worth £228.8m. Three [...]
Capita on track for 2014 thanks to flurry of new contract awards May 12, 2014 OUTSOURCING firm Capita said yesterday that it feels confident of achieving growth in line with market expectations this year, after “a strong start to 2014” where it secured £1.1bn of new contracts. The FTSE 100 company was awarded contracts with Transport for London, John Lewis and the Ministry of Defence, with its bid pipeline standing [...]
Capita rockets on swathe of new contracts February 27, 2014 OUTSOURCING firm Capita yesterday pleased the market with a 14 per cent rise in full-year profit, boosted by a £5.5bn bid pipeline. The FTSE 100-quoted company posted a 15 per cent rise in underlying revenue to £3.85bn and pre-tax profits of £475m in 2013. Shares rose over four per cent in the morning, before closing [...]
Capita wins a £325m contract to connect Scottish public services February 17, 2014 OUTSOURCING firm Capita has won a £325m contract to deliver a single shared network for Scotland’s public services. Under the contract, which is for nine years, Capita will connect more than 4,600 sites, including schools, hospitals, GP surgeries, pharmacists and local council offices. The Scottish Wide Area Network (Swan) is aimed at reducing costs, improving [...]