Profit warning at outsourcing group Capita sparks 27% share price fall



Shares in outsourcing and recruitment giant Capita fell by more than a quarter today after it warned that full-year profits will take a hit from a slowdown in trading, partly linked to the UK's decision to quit the European Union.
In a statement released early this morning, the group announced it expects profits to come in at between £535million and £555million for the year, compared with previous forecasts of £614million.
The firm - which recruits for the army and collects the BBC licence fee - immediately lost a quarter of its value as shares plunged 25 per cent at the opening bell.
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29 September 2016 in Business, Views: 50
Source: Daily Mail
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