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 [...]