BUSINESSTHE REGISTER
How do you solve a problem like Capita?
Capita's share price dropped 9% after it announced a financial hit due to issues with its UK government contract for the Civil Service Pension Scheme (CSPS), which left some members unpaid. Analysts downplayed the impact, noting the contract's small size relative to Capita's overall revenue, while the UK government faces challenges in replacing the contract due to operational complexity. Legal disputes and concerns over staffing levels also affect Capita's ongoing public sector contracts.
Mentioned
Related Signal
Adjacent reporting
- Babcock says Brexit and Covid beset Royal Navy contract as profits plunge
- Met Palantir row gets to heart of how public services should use AI
- A 42bn-euro dilemma: What is stopping EU from holding Israel to account?
- Can Andy Burnham fix Britain’s essential services and debt problem?
- Ogra in disarray amid pricing probe, legal challenges
- White Paper says Tamil Nadu’s power distribution company faces a “persistent monthly structural” cash shortfall