Capita gives a capital gain
12 April 2012
CAPITA, at the heart of several outsourcing rows, plans to buy back up to 10% or £120m of its shares. Worth £1.2bn after Monday's 20p jump to 186 1/2p, Capita gave an upbeat trading report. It is picking up more outsourcing work for the public and private sectors.
Chairman Rod Aldridge is taking his foot off the acquisition pedal to focus on 'organic growth'.
Capita has been criticised for a number of blunders. It was to check whether school staff were suitable to work with children, but delays caused widespread confusion.