Analysts at HSBC have penned an open letter to those seeking the role of chief executive at troubled outsourcing group Capita PLC (LON:CPI) - the missive also forms the basis of an upgrade to the bank's rating for the stock. They kick-off by warning ...
Capita PLC (LON:CPI) has cut its full-year profit forecast for the second time in three months, with the Brexit vote continuing to take a toll on outsourcers, and said it plans to sell a raft of assets in a bid shore up its tattered balance sheet.
Capita PLC (LON:CPI) saw its shares leap higher this morning as the outsourcing group said its overall trading in the year to date is in line with expectations, and added that it has also drawn up a shortlist of “strong candidates” to replace its ...
Jefferies International believes that although struggling outsourcer Capita PLC (LON:CPI) is ”deeply unloved”, the risk/reward for the group is slowly improving, leading the broker to upgrade its rating for the stock.
Under-pressure outsourcing group Capita Group PLC (LON:CPI) will lose around �40mln of income after writing-down the value of a number of historic contracts although it said that aside from that trading is in line with the guidance it gave in December.
Capita PLC (LON:CPI) saw its shares gain around 3% in mid-morning trading following news after-hours on Friday of the �888mln disposal of the outsourcer's asset services business, a price analysts at UBS called “better than expectations.
Thursday's results from outsourcing specialist Capita (LSE: CPI) showed that 2016 was a disappointing year. Its earnings fell by 30% on a per share basis and prompted a major turnaround strategy to be launched.