Capita swings back into the black as it ploughs ahead with £160m of cost cuts Business Capita has swung back into the black as it ploughs ahead with a cost-cutting programme it says will save the company £160m.
Capita shares crater 22 per cent as outsourcing giant swings to £107m loss Outsourcing Capita's share price closed 22 per cent lower on Wednesday after the outsourcing giant reported a huge loss and announced that it would be ramping up its cost-cutting programme.