Top Capita investor says confident dividend safe, no equity raise needed



A top-five shareholder in outsourcing group Capita (CPI.L) said on Wednesday it was confident the company's dividend was safe and fresh equity will not be required, after a meeting with management following a profit warning last month.
Capita told investors on Sept. 29 that delayed decision-making by its customers in the wake of Britain's vote to leave the European Union would hit its 2016 profits, sending its shares down sharply.
In a monthly update on its investment performance, Woodford Investment Management- Capita's fourth-biggest investor according to Reuters data - said it had met... read more

 
19 October 2016 in Business, Views: 34
Source: Reuters
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