Bungling Capita has £1.7bn wiped off its value in a day after issuing shock profit warning



Capita, the outsourcing firm that collects payments for London's congestion charge and the BBC licence fee, saw £1.7billion wiped off its value after issuing a shock profit warning.
The FTSE 100 firm, which saw shares plummet 26 per cent, blamed the disastrous update on corporate customers dithering over future projects and a £25million penalty from Transport for London for the late delivery of an upgrade to its computer system.
It has also become embroiled in a legal spat with another client – the Co-op Bank – in a dispute over payment.
Capita saw its biggest share plunge ever, down 254.5p... read more

 
29 September 2016 in Business, Views: 39
Source: Daily Mail
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
              1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30