Capita Issues Profits Warning - Shares Dive

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https://uk.reuters.com/article/uk-capita-results/profit-fall-underlines-capita-challenge-shares-sink-idUKKBN1KM3RC

 

EDINBURGH (Reuters) - Capita’s (CPI.L) shares fell by more than 6 percent on Wednesday after it reported a 60 percent drop in first half pre-tax profit, underlining the huge challenge facing the British outsourcing firm’s new chief executive Jon Lewis.

 

Shares in Capita were down 6.6 percent to 151 pence at 0856 GMT. They have gained sharply since April, but are still down 65 percent year-on-year.