Capita revenue plunges as outsourcing giant hit by contract losses Business Outsourcing firm Capita saw its adjusted revenue drop eight per cent in the first 11 months of the year, as the firm struggled to replace a host of lost contracts. In a trading update, the company revealed that the drop came largely from its experience arm, which fell a whopping 16.3 per cent over the [...]
UK companies are struggling to keep up with peers on growth Markets UK companies are failing to keep up with international peers on sustained growth, data from Panmure Liberum has revealed. While practically all companies manage to create strong growth on occasional years, few companies have managed to keep growth going every year, noted Joachim Klement, investment strategist at Panmure Liberum. The longest streak on record for [...]
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 March 6, 2024 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.