Capita shares down 14% as group warns of fewer contracts

Shares in Capita fell by more than 14 per cent today after the company warned of a ‘subdued’ outsourcing market and flagged difficulties at its various units.The firm, which has issued profit warnings this year, said it still expected underlying profits to rise in the second half of the year however.But it also said that the market for major contracts had remained subdued throughout 2017, particularly in the public sector. Capita said it had won a new seven-year contract with the Cabinet...