Capita shares plummet as it ups profit shortfall to £100m

Outsourcing firm plans £50m austerity drive with idea of replacing staff with robots

gettyimages-83160994.jpg

Capita's shares took another battering yesterday after the British outsourcing company revealed its profit shortfall this year was going to be around £100m.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More