Extracts from an article by BBC News.
“Capita shares have plunged almost 50% after the outsourcing firm warned on profits and announced a major shake-up.
New chief executive Jonathan Lewis said the company had become "too complex" and "driven by a short-term focus" and needed to change its approach.
Capita, which issued a series of profit warnings last year, has again cut its profit forecast and revealed plans to raise £700m by issuing new shares.” […]
“According to Tussell, a firm which analyses UK public sector contracts, Capita won 154 government contracts last year.”
Read the full article on the BBC News website.