FTSE 100 movers: ConvaTec jumps on results; Capita slumps

Violet Tucker
March 3, 2017

Capita is in charge of collecting the BBCs licence fee, it's now being investigated due to the way its been handling it.

Mr Parker's exit was announced alongside a 33 per cent slide in underlying pre-tax profits to £74.8 million after a series of...

Troubled outsourcing giant Capita has announced the departure of its chief executive as it revealed a 33pc fall in full-year profits.

Chief Executive Andy Parker will step down later this year and the company is starting a search for a successor, Capita said.

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The Pentagon said USA forces conducted 20 airstrikes against al Qaeda on the Arabian Peninsula in Yemen overnight. The raid in Shabwa destroyed a house known in the area as one where al-Qaida militants lived.

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They urinated almost 90 litres in a one million litre pool (one-third the size of an Olympic-size pool) in another instance. The sweetner was found in all 250 samples, with the concentration in the pools being 570 times greater than in tap water.

In a profit warning at the end of past year Capita said profits for the last 12 months would be around £515m.

In addition to these issues, the company will drop out of the UK's FTSE 100 index of leading shares later this month because its share price has fallen sharply.

The changes to constituents will be applied after market close on March 17 and come into force the following trading day, March 20.

"2016 was a challenging year and Capita delivered a disappointing performance", admitted Parker today. "The bid pipeline of major contract opportunities remains active, and we are also seeing success in providing additional new, high value, replicable services to clients".

Other reports by Guamnewswatch

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