UK's Capita surges about 23% on sale of software business

Quick Summary:

:Shares in Capita jumped nearly 23 per cent in early trading on Tuesday after the British outsourcing firm agreed to sell its standalone software business Capita One to a unit of MRI Software in a deal worth 200 million pounds ($256 million).

Capita said it expects to get a cash dividend of 4.

The company's stock hit its highest level in more than four months and was the top percentage gainer on the FTSE Small Cap index.($1 = 0.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Expects Company Business Sale Capita Million Stock Pounds Mediacorp Software Cash

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 15:28:53 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21551864

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Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 3 hours ago

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