Outsourcing firm Capita's shares slump on profit warning

Outsourcing firm Capita's shares slump on profit warning
 

A profit warning from Capita, the company which operates the London congestion charge amongst other things, has prompted its shares to plunge 20%.
The outsourcing firm said this year's pre-tax profit would be between £535m and £555m, down from a previous estimate of £614m.
It blamed a slowdown in trading in some businesses and one-off costs from the congestion charge contract.
"Continued delays in client decision making" also contributed, it said.
Shares in Capita were down 24% at 724p in the first hour of trade.
The company said it was taking immediate steps to reduce costs in... read more

 
29 September 2016 in Business, Views: 31
Source: BBC
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