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MARKET REPORT: Capita hit again as Goldman downgrades its outlook for the company at the end of a torrid year which has seen shares slump 59%

Credit: thisismoney.co.uk- Published on December 21, 2016
The company - whose contracts include collecting the BBC licence fee and running the London congestion charge - is now worth just £3.3bn having been valued at £8bn at the start of 2016.
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Credit: The Street
Published on December 22, 2016 -  01:04
Midday Report: Weight Watchers Enjoys Oprah Effect; Dow Retreats From 20,000 Milestone
Stocks held lower, putting the Dow Jones Industrial Average further from its elusive 20,000 milestone. Walmart and Visa shares were the biggest drag on the blue-chip index. U.S. consumer spending slowed in November as personal incomes floundered. Both came in below consensus. Energy spending also tempered in November as the price of oil recovered. Weight Watchers got a bump from Oprah Winfrey. Winfrey, who owns a 10% stake, divulged a 40-pound weight loss using the program. Winfrey first announced her stake in October last year. ConAgra increased despite a drop in second-quarter profit and sales. Revenue declined 11% as the company focused on reducing its reliance on discounting. Adjusted earnings came in above estimates.

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