Picture of Capita logo

CPI — Capita News Story

0.000.00%
gb flag iconLast trade - 00:00
IndustrialsSpeculativeMid CapSucker Stock

UK's Capita falls as pension scheme contract weighs on H1 profit

BUZZ-UK's Capita falls as pension scheme contract weighs on H1 profit

** Shares of British outsourcing firm Capita CPI.L fall 3.8% to 256p

** Adjusted operating profit drops 31.6% year-on-year to £32.2 million ($43.24 mln), mainly due to additional costs on the Civil Service Pension Scheme contract

** Says operational challenges on the Civil Service Pension Scheme remain an immediate priority

** Expects full-year adjusted operating profit to be in line with the prior year

** YTD, the stock is down ~34%, including session's move


($1 = 0.7446 pounds)


(Reporting by Krisha Bhatt in Bengaluru)

((Krisha.Bhatt@thomsonreuters.com;))

Recent news on Capita

See all news