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:
*"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.
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
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