Capita warns over profits as it reveals overhaul

New chief executive Jonathan Lewis, who took up the role on December 1, said "significant change" was needed to get Capita back on track.
He said an immediate priority was to strengthen the group's balance sheet, with plans to raise as much as £700 million in a rights issue, as well as slashing costs after finding "significant scope" for savings and aims to sell off unprofitable businesses.
Capita, which employs more than 90 people in Cumbria, will also suspend its shareholder dividend payout as part of the raft of "self-help" measures.
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31 January 2018 in Regional North West , Views: 24
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