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Capita: We're creating a 'Portfolio' division to house all the stuff we don't want

Welcome to the Great Fire sale of old London town
Paul Kunert
Wed 17 Mar 2021 // 16:19 UTC
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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 £3.67bn in fy 19, but pre-tax losses narrowed to £49.4m from £62.6m.
In yet another twist for Capita - as part of CEO Jon Lewis s three-year blueprint to convert loss-making sales into something more sustainable - the company will create three units, including Capita Public Service (CPS), Capita Experience and Portfolio . The latter will be an enlarged portfolio of ....

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Welcome To IANS Live - TopStory - 'Deshbhakti' Budget vision for inclusive growth of Delhi: Manish Sisodia (IANS Exclusive)

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IANSLive
New Delhi, March 17 (IANS) The Deputy Chief Minister of Delhi, Manish Sisodia, has opened up about the Deshbhakti Budget presented by him for FY 2021-22 on March 9, saying that the theme patriotism was added with the objective of ensuring quality education and healthcare for all, besides making the national capital one of the leading cities in the world in terms of modern facilities.
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The reproduction of the story/photograph in any form will be liable for legal action. ....

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Capita Plc FY Adj. Pretax Profit Declines

Capita Plc FY Adj. Pretax Profit Declines
LONDON (dpa-AFX) - Capita plc (CPI.L) reported a loss before tax of 49.4 million pounds for the year ended 31 December 2020 compared to a loss of 62.6 million pounds, prior year. Continuing loss per share was 0.41 pence compared to a loss of 4.18 pence. Adjusted profit before tax decreased to 65.2 million pounds from 197.7 million pounds. Adjusted earnings per share was 4.19 pence compared to 9.30 pence.
Fiscal year adjusted revenue declined by 9% to 3.18 billion pounds from 3.50 billion pounds, previous year. Adjusted revenue decreased mainly due to Covid-19 impact and 2019 contract losses.
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© 2021 AFX News ....

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Nowhere to hide: How loan apps mine your personal phone data

THE STANDARD
By
Frankline Sunday |
March 16th 2021 at 06:00:00 GMT +0300
Six years ago, Alice Njeri Maina was shocked to find her name listed at a credit reference bureau for defaulting on a loan she never took.
The account was registered under her son’s name. A puzzled Njeri, therefore, visited her bank’s Nakuru branch to follow up on the issue. The bank promised to investigate.
Unknown to her, another borrower with an identical name and an account at the same bank had taken a loan in 2011, which was in arrears for Sh167,000. Njeri’s name had been mistakenly listed at the CRB for four years. ....

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Welcome To IANS Live - NATION - 'Prioritising short-term growth no longer priority of China ruled by Xi Jinping'

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Hong Kong , Christopher Wood , News Service , India Private , All Rights , ஹாங் காங் , கிறிஸ்டோபர் மரம் , செய்தி சேவை , இந்தியா ப்ரைவேட் , அனைத்தும் உரிமைகள் ,