Extracts from an article by Nick Fletcher, Columnist at The Guardian.
"Just two weeks after the collapse of Carillion, outsourcer Capita has shocked the market with a hefty profit warning, a £700m cash call on shareholders and the axing of its dividend.
The kitchen sink move by new chief executive Jonathan Lewis saw Capita’s shares collapse by 47.5%, wiping around £1.1bn off the company’s stock market value. Capita dominates the UK outsourcing market, and since January 2015 it has won contracts from 292 distinct public sector buyers." [...]
"Here’s further confirmation of Capita’s grip on the outsourcing market from Tussell:
Read the full article on The Guardian website.