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
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
    31