2018-02-02

UK's Capita CPI Shares Collapse: BPM & Outsourcing Solutions (video)

Capita shares plunge on profit warning

Financial Times (ft.com) video published Jan 31, 2018: The outsourcing group Capita provided the latest shock from the UK sector by launching a £700m rights issue*, suspending its dividend and warning its 2018 profits would fall far below market expectations. CPI shares collapsed Wednesday on the London Stock Exchange:
 LON: CPI

*"rights issue"--an issue of shares offered at a special price by a company to its existing shareholders in proportion to their holding of old shares.
Company profile: "Capita is a UK leader in technology-enabled business process management [BPM] and outsourcing solutions." 

More info on Capita and subsidiaries here and here.

See also: Should you pile into Capita plc, down 40% today? | The Motley Fool UK | fool.co.uk

@CapitaPlc


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