You are here

Prices & Quotes - UK Markets - Capita (CPI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 50.00p
Change Today:
-0.90p
Market Cap:
834.49m
Sector:
Support Services

Capita extends and expands contracts with TfL

By Josh White

Date: Monday 10 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Capita has secured an extension to its contracts with Transport for London (TfL) to continue to manage London's Congestion Charge, Low Emission Zone (LEZ) and Ultra Low Emission Zone (ULEZ), it announced on Monday.
The FTSE 250 outsourcing giant said the deal is worth 355m, comprising an extension to its work on the existing schemes, from October 2021 to October 2026.

It also consisted of new work associated with the expansion of ULEZ, Direct Vision Standards (DVS), LEZ and their operations to October 2026.

The contracts would see Capita delivering an expanded scope of work, with the company providing further services on TfL's behalf, including managing the expanded ULEZ, scheduled to be operational from October 2021, which would increase from the Central London ULEZ to the entire area within London's North and South Circular roads.

It would also include running the registration and monitoring service for the new DVS scheme for heavy goods vehicles (HGVs).

That scheme is an initiative to measure how safely an HGV driver can see through their cab windows, and is designed to prevent unsafe vehicles from using London's roads, with the goal of reducing the number of pedestrian, cyclist and motorcyclist injuries and fatalities.

Capita would also be involved in Implementing further London-wide changes to the LEZ's standards for HGVs and buses.

The contracts would involve "transforming and further improving" the efficiency of the ways TfL customers can address their queries about the services, through the introduction of digital technologies.

Under the contracts, Capita said it was employing a number of its digital transformation capabilities, including the migration of the existing technology used to operate the Congestion Charge, LEZ and ULEZ, and which processes an average of 1.5 million roadside images a day, to the cloud.

That was designed to ensure that the operations were more flexible, and should enable the company to scale the service quickly to incorporate the ULEZ expansion being delivered on behalf of TfL.

Capita said it expected to recruit and train an additional 900 staff to deliver the expanded service, with the majority of those employees to have the capability to work remotely, and be encouraged to work from home.

"We are delighted to be continuing to partner with Transport for London, working across Capita's divisions to manage and administer the Congestion Charge, LEZ and ULEZ," said chief executive officer Jon Lewis.

"These new contracts will see us build on our existing partnership, which has already seen us launch ULEZ on time and on budget, and will draw on our track record of transformation and digitally enabled services, as well as adding value for our shareholders.

"Working with Transport for London, we will roll out new, expanded programmes that reduce the effects of air pollution on Londoners and make the streets safer for all road users and pedestrians."

At 0829 BST, shares in Capita were up 4.19% at 38.6p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Capita Market Data

Currency UK Pounds
Price 50.00p
Change Today -0.90p
52 Week High 183.00p
52 Week Low 23.72p
Volume 14,738,803
Shares Issued 1,668.97m
Market Cap 834.49m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Trend
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Dividend Yield
Not Available
EPS Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Capita Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Oct-17 25-May-17
Paid 30-Nov-17 03-Jul-17
Amount 11.10p 20.60p

Trades for 04-Dec-2020

Time Volume / Share Price
16:35 1,829,335 @ 50.00p
16:30 1,977 @ 50.07p
16:29 900 @ 50.06p
16:29 151 @ 50.05p
16:29 114 @ 49.97p

Capita Key Personnel

Chair Ian Powell
CEO Jonathan (Jon) Lewis