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The struggling contractor, which runs an array of services, has been on a disposals spree in a bid to boost its coffers over the past year, as it pushes ahead with its turnaround plan.
Welcome to the Great Fire sale of old London town Paul Kunert Wed 17 Mar 2021 // 16:19 UTC Share Copy Corporate pantomime baddie Capita is again carving up its operations, creating specific divisions for private and public sector customers and a third that will house non-core businesses it wants to sell. The restructuring plan was outlined alongside financial results for calendar 2020 which, although in line with expectations, showed the extent to which the pandemic has decelerated Capita's multi-year turnaround efforts. Revenue crashed 10 per cent to $3.3bn from £3.6...
The outsourcing firm wants to offload more of its non-core businesses. Capita shares were about 3% up in premarket trading on Wednesday. Capita plc (LON: CPI) announced a restructuring plan on Wednesday that will affect two of its divisions. The company wants to offload more of its non-core businesses as losses expanded further in 2020 due to the ongoing Coronavirus pandemic. Capita shares that you can learn to buy online here were reported about 3% up in premarket trading and gained another 3% on market open. The stock, however, lost the majority of its intraday gain in the later hours to tr...
Capita shares are cheap right now, but should I buy the stock in my portfolio? Here’s what I’m doing now.
TOP NEWS: Capita Confirms Possible Sale Of AXELOS Joint Venture Tue, 16th Feb 2021 17:31 (Alliance News) - Capita PLC on Tuesday confirmed it and the UK Cabinet Officer are considering a possible sale of their AXELOS Ltd joint venture as part of a review. This announcement followed "media speculation", Capita said, as it explained that it and the Cabinet Office are "exploring strategic options" for AXELOS, including is possible sale. London-headquartered outsourcer Capita stressed that there cannot be any certainty that the review will conclude in a transaction involving AXELOS. AXELOS is 51%...