Capita flags £14M direct H1 costs from CSPS contract, secures over £1B in new contracts, and identifies £40M additional savings
UK outsourcing firm Capita reported a £14 million direct cost and an additional £3 million collateral impact in the first half due to issues with its Civil Service Pension Scheme (CSPS) contract, with a further £25 million–£40 million profit-and-loss hit expected. Despite this, the company secured over £1 billion in new contracts with an 84% win rate, completed its £250 million cost-reduction program, and identified an additional £40 million in savings. Capita also highlighted its positioning as an AI-enabled services provider, with nearly 500 AI use cases already in production.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
SK Hynix fell 6.02% from its previous close, currently trading at ₩1,312,000.
-
2
Samsung Electronics fell 5.85% from its previous close, currently trading at ₩205,250.
-
3
SK Hynix fell 9.31% from its previous close, currently trading at ₩1,266,000.
-
4
SK Hynix fell 7.81% from its previous close, currently trading at ₩1,287,000.
-
5
South Korea's KOSPI index fell 4% from the previous close, currently trading at 5,456.25
-
6
Phoenix (PHB) Project Analysis: Technical Vision, Ecosystem Matrix, and Current Development Status
-
7
What Are Cryptocurrency Exchanges: How to Choose Between CEX and DEX
-
8
Bank of Japan September Meeting Minutes: Voted 7-2 to Raise Rates to Around 1.25% at the Time
-
9
What is WCFX (Wrapped Conflux)? 2026 Ecological Progress and Outlook Analysis
-
10
Current Status Analysis of SHIBEMP: Extreme Risks and Market Exhaustion in Meme Coins
Markets Today
Recommended Reading





