Government contractor Capita rockets 27% after cost-cutting plan offsets pandemic loses



a close up of a sign: MailOnline logo


© Provided by This Is Money
MailOnline logo

Investors piled into Capita after a cost-cutting plan offset some of the losses it racked up from the pandemic.

Around £100million was wiped off the government contractor’s turnover in the three months up to the end of September.

It brought in revenues of £803million, down from £902million in the same period last year.



a close up of a sign: Around £100million was wiped off government contractor Capita’s turnover in the three months up to the end of September


© Provided by This Is Money
Around £100million was wiped off government contractor Capita’s turnover in the three months up to the end of September

But profits actually rose from £111million to £115million after it cut costs. In March the group said it would aim to trim its outgoings by £100million. Capita also confirmed it is still in talks to sell its education software business.

Thought to be worth around £500million, the division helps schools do everything from managing lunch payments to keeping in touch with parents.

Shareholders were

Read More

Middletown man sentenced to 12 years for sale of deadly narcotics


MIDDLETOWN — A 36-year-old city man sentenced Tuesday will serve 12 years in prison following the drug overdose death of a 21-year-old female, according to court officials.

Angel Gonzalez of Middletown pleaded guilty to second-degree manslaughter, felony narcotics charges, and risk of injury related to the sale of fentanyl that resulted in the overdose death, Middlesex State’s Attorney Michael A. Gailor said in a release.


The investigation, conducted by the Investigative Services Division of the Middletown Police Department, showed that Gonzalez, who knew the victim well, sold her fentanyl April 29, 2019, according to court documents and evidence heard in Superior Court at Middletown.

“Mr. Gonzalez did so, even though the victim’s boyfriend implored him not to do so because of

Read More

Florida agency will ask for overhaul of troubled website

TALLAHASSEE — Florida’s unemployment agency is asking lawmakers for $5 million to hire 108 new employees to handle increasingly complex unemployment claims, part of an overall legislative request that could include spending millions more to overhaul the state’s beleaguered unemployment website.

The Department of Economic Opportunity’s new executive director, former state Rep. Dane Eagle, said Tuesday that he’s hired an outside company to find out how and why the unemployment website, known as CONNECT, failed this year amid a crush of pandemic-related jobless claims.

“We can’t ask for the moon,” Eagle said Tuesday. “We’re trying to be reasonable.”

That review will help him and lawmakers decide what to do with website. Eagle said he’s eyeing two options: Keeping the existing system and moving it into a cloud-based server, where it will be better equipped to handle massive numbers of users at a time, or scrapping it entirely and building

Read More

Tiny Homes For Homeless Veterans Project Seeks Partnerships

ST. PETERSBURG, FL — A small grassroots organization is making steps providing tiny homes to homeless veterans in the St. Petersburg area.

There are 329 veterans who spend each night in Pinellas County without housing, according to Celebrate Outreach.

Tiny Homes for Homeless Veterans is a project created four years ago through Celebrate Outreach, an organization that helps the homeless population, and in partnership with University of South Florida School of Architecture & Community Design.

After overcoming a number of challenges and learning the best ways to help homeless veterans, the project has completed more than half of its first tiny home, 3516 Third Avenue South in St. Pete.

The organization is striving for partnerships with social service organizations that help homeless veterans. These partnerships will help the organization find homeless veterans who are on the journey of finding permanent housing and place them in a tiny home.

“Wednesday, I’m

Read More

Manilow’s home for sale: “This One’s For You”

Singer-songwriter Barry Manilow still has his contemporary-style Malibu beach house on the market, after having it originally listed for over $12 million in 2009.

The Brooklyn-born musician, who’s album sales in the 1970s rivaled those of pop icons Michael Jackson, Frank Sinatra and Bruce Springsteen, uses the five-bedroom, 4.5-bath home as a secondary residence after purchasing it for $3.85 million in 2002.

The highlight of the home, which was originally constructed in 1976, is the two-story living room that has large floor-to-ceiling picture windows with ocean views.


The walled and gated property has a flagstone courtyard and a detached one-bedroom guest house that sits across the patio from the main home.

There’s also a media room and a master suite with a fireplace and balcony with ocean views, along with a bathroom that includes a spa tub set up against a window with more views.

Size: The five-bedroom, 4.5-bath home

Read More

Ellen DeGeneres Sells Montecito Compound

Ellen Degeneres and Portia De Rossi, with the property (Credit: Kevork Djansezian/Getty Images, and Google Maps)
Ellen Degeneres and Portia De Rossi, with the property (Credit: Kevork Djansezian/Getty Images, and Google Maps)

It didn’t take long for Ellen DeGeneres and Portia de Rossi to find a buyer for their Bali-inspired compound in Montecito, which the couple listed last month after snagging last year.

DeGeneres and de Rossi, who listed the 10,700-square-foot home for $40 million, just sold it for $33.3 million, according to the Los Angeles Times.

While that represents a discount from the asking price, it’s also $6 million more than what they paid for the property in January 2019. After the purchase, the couple spent an unknown sum renovating it, according to the Times.

The single-story main house has four bedrooms and 10 bathrooms. The property encompasses nine acres and three parcels. There’s also a guest house, security office, cabana, gym, pond, pickleball court, and an infinity pool that looks out to the Pacific.

Read More

Presenting the 2020 Commercial Real Estate Power 50

Conversations about New Jersey’s commercial real estate market usually include a discussion of how resilient the business has been throughout the COVID-19 pandemic. In fact, professionals in the industry are optimistic about the future despite the economic downturn caused by mandated business closures. They cite a couple of dynamics as reasons to believe that the future looks bright.

First, the pandemic did nothing to damage perhaps the main driver of the market over the past few years: the strong industrial market. If anything, the increasing importance of e-commerce will add even more vigor to that segment, with high demand continuing for logistics and warehouse facilities.

Second, the office market could see greater demand as workers remain wary about commuting by public transportation to crowded high-rise towers. Driving alone to a suburban office building, parking outside and climbing stairs rather than packing in to elevators sounds much safer. The multi-family residential

Read More

Ex spy chief Sir Andrew Parker joins board of military contractor Babcock International



Andrew Parker wearing a suit and tie: MailOnline logo


© Provided by This Is Money
MailOnline logo

Former spy chief Sir Andrew Parker has joined the board of military contractor Babcock International.

Parker, 58, was MI5’s director general for seven years between 2013 and April 2020.

He joined the intelligence service in 1983 and was promoted to deputy director general in 2007 after he led the response to the July 2005 terrorist attack and the 2006 transatlantic aircraft plot.



Andrew Parker wearing a suit and tie: On board: Sir Andrew Parker was MI5's director general for seven years between 2013 and April 2020


© Provided by This Is Money
On board: Sir Andrew Parker was MI5’s director general for seven years between 2013 and April 2020

His appointment as a non-executive director is the latest attempt by Babcock chairman Ruth Cairnie to beef up the board. 

Video: William highlights ‘unique challenge’ facing emergency responders (Evening Standard)

William highlights ‘unique challenge’ facing emergency responders

UP NEXT

UP NEXT

Former Cobham boss David Lockwood took over as chief executive in September, succeeding long-running boss

Read More

Real Estate Rumors: Boies Schiller, HPP, Capital Partners

Law360 (November 10, 2020, 6:02 PM EST) — Boies Schiller Flexner LLP is considering subletting its office at Related Cos., Oxford Properties Group and Mitsui Fudosan America Inc.’s 55 Hudson Yards in Manhattan, Business Insider reported Monday. The law firm leased 83,000 square feet across four floors at the tower in 2015, and since then has occupied three of those floors and has subleased the fourth, Business Insider reported, citing a source with knowledge. The firm is now considering subleasing the remaining floors, according to the report.

Real estate investment trust Hudson Pacific Properties is seeking to grow a Hollywood studio to include a total of more than 1.1…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

Read More

GHBA celebrates 40 years of giving through Benefit Homes Project

Dozens of companies are helping to celebrate the 40th anniversary of the Greater Houston Builders Association’s Benefit Homes Project by stepping up to ensure a Benefit home is built at little cost by donating their materials, labor and services to its construction. HistoryMaker Homes has recruited these companies and has completed its Alder plan in Sierra Vista, a Land Tejas community. Proceeds from the sale of the home will be donated to two local charities — HomeAid Houston and Operation Finally Home. Since the project began, nearly $12 million has been raised.



a large brick building with grass in front of a house


© Photo Courtesy Of GHBA


Vendors donating include All Points Group, HomePro Technology, All State Brick, A C Construction, DPIS Builder Services, Excell Foundations, Universal Forest Products, Windstorm Group, Mohawk, TWI, Country Wide Roofing, Santollo Construction Clean Up LLC, Deep Blue Comfort, Carrier, Rock Materials, Builders Choice Inc., Royal Bath /Counter Source, Flooring Services of Texas, Advantage Gutters,

Read More