Extracts from an article by Louise Hill, Business and Markets Reporter for This is Money, Mail Online.
“A profit warning from government contractor Capita sent shares tumbling across the sector on Wednesday, just two weeks on from the collapse of construction giant Carillion.
The announcement from the outsourcing firm, responsible for administration teachers’ pensions among many other key public sector contracts, marked another stumbling block for a troubled sector.
Interserve, Serco and Mitie Group, all big players in securing public contracts from local authorities and central government, were among the fallers.
Data from Tussell, a research firm that examines the government's ‘strategic supplier’ contracts with these big firms, found Capita was by far biggest supplier and won 47 per cent of contracts put out to tender over the last two years.”
Read the full article on the This is Money website.