Capita
CPI · Main Market · Industrial Goods and Services · mcap £255m · 235.0p
Capita runs outsourced administration, customer service and technology contracts, mainly for UK government and large companies. It handles pensions, training, IT and contact centres.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 02 Oct 26 | Statement regarding the National Audit Office review of Civil Service Pension Scheme administration
NAO undertakes review of Capita's Civil Service Pension Scheme administration following June 2025 investigation. |
−5.3% | |
| 25 Sep 26 | Statement re new £30m financing facilities
Capita secures £30m in new financing facilities with Shawbrook Bank maturing September 2029. |
−1.8% | |
|
New revolving credit facility £15mNew term loan £15mExisting RCF £325mMaturity date September 2029
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| 23 Sep 26 | Appointment of Joint Corporate Brokers
Capita appoints Canaccord Genuity and Singer Capital Markets as joint corporate brokers. |
+0.9% | |
| 17 Aug 26 | Board change | Directorate Change
Radhika Chadwick appointed as Independent Non-Executive Director effective 1 September 2026. |
+6.8% |
| 04 Aug 26 | Results | Half-year Results
H1 2026 results show revenue growth and contract wins ahead of prior year, offset by Civil Service Pension Scheme costs. |
−5.3% |
|
in line expectations Adjusted revenue £906.4m (£892.2m)Secured contract value (TCV) £998m (15% ahead of prior year)Adjusted operating profit £32.2m (£47.1m)Operating cash flow £35.5m (£67.7m)Net debt £499.7m (£412.2m)Adjusted basic EPS 13.38p ((6.09)p)
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| 03 Aug 26 | Board change | Directorate Change
Independent non-executive director Neelam Dhawan steps down with immediate effect to focus on business commitments. |
+2.9% |
| 03 Aug 26 | Disposal: Completion of private sector contact centre disposal
Capita completes sale of private sector contact centre business to Inspirit Capital. |
+2.9% | |
|
Contingent consideration payable up to £61.5mH1 2025 private sector contact centre revenue (disposed) £206.0mFY 2025 private sector contact centre revenue (disposed) £395.7mTargeted annualised cost savings c. £40mH1 2025 revised adjusted operating profit £47.1m (£42.6m)FY 2025 revised adjusted operating profit £111.9m (£113.5m)
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| 03 Aug 26 | Contract
Capita secures five-year extension to TfL Road User Charging contracts worth £424.6m. |
+2.9% | |
|
Contract extension value £424.6mExtension term 5 yearsPeriod October 2026 to September 2031Further extension option up to 2 years to September 2033
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| 22 Jul 26 | Statement re US Private Placement Notes
Capita issued $55m unsecured senior notes with 7.54% coupon for debt refinancing and general purposes. |
+1.5% | |
|
US Private Placement Notes issued $55mNet proceeds in GBP (after swaps) £41mAnnual GBP coupon 7.54%Maturity 3 yearsInterest cover ratio covenant range 3.0x to 3.5x
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| 14 Jul 26 | Capita to deliver training for Army Collective Training System contract as part of Omnia Training consortium
Capita wins role in Omnia Training consortium to deliver British Army Collective Training System training services. |
+1.9% | |
|
Contract value (Omnia Training consortium total) £2 billionValue allocated to Capita over contract life £54 millionContract duration 15 years
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| 09 Jul 26 | Trading and Civil Service Pension Scheme Contract Update
H1 2026 revenue grew 1.6% with £1bn contract wins, but Civil Service Pension Scheme issues to cost £25m-£40m profit. |
−20.6% | |
|
Adjusted revenue growth H1 2026 1.6% (compared to H1 2025)Contracts secured H1 2026 TCV £998m (£867m (2025 H1))Civil Service Pension Scheme adjusted operating profit impact 2026 £25m-£40mCivil Service Pension Scheme free cash flow impact 2026 £35m-£50mPublic Service average KPI performance around 90%Revolving credit facility extended to £325m to June 2029
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| 08 Jul 26 | Statement - Smart DCC Procurement Practice Investigation Outcome
Ofgem concluded investigation into Smart DCC procurement practices; £200k redress fund payment agreed. |
−0.9% | |
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Redress fund payment £200k
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| 08 Jul 26 | Smart DCC Ltd pays £200k after Ofgem investigation
Smart DCC Ltd fined £200k by Ofgem for procurement breaches including non-competitive award to parent Capita. |
−0.9% | |
|
Ofgem redress payment £200,000
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| 07 Jul 26 | Statement - Civil Service Pension Scheme Contract Statement
Capita acknowledges operational issues with Civil Service Pension Scheme administration following government ministerial statement. |
−13.5% | |
| 23 Jun 26 | Notification of Transactions by a Person Closely Associated with a Director
Oasis Management Company Ltd., associated with Non-Executive Director Daniel Wosner, entered into a cash-settled total return swap on 286,955 Capita shares at £3.21. |
−1.3% | |
| 19 May 26 | Results | Correction - Announcement of Annual General Meeting Results
Annual General Meeting held on 18 May 2026; all resolutions passed with strong shareholder support. |
+3.4% |
| 18 May 26 | Trading update | Trading Statement
Group adjusted revenue up 2.9% in first four months; contact centre disposal expected to complete before August results. |
+8.9% |
|
in line with expectations expectations Adjusted Group revenue growth 2.9%Capita Public Service revenue growth 5.8%Pension Solutions revenue growth 23.4%Total contract value won £750m+ (£625m)Expected annualised savings c.£40mCash cost to achieve savings £20m
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| 18 May 26 | Board change | Directorate Change
Daniel Wosner appointed as Non-Executive Director; Oasis Management, holding 15.21%, gains board seat. |
+8.9% |
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Oasis shareholding 18,382,913 ordinary shares (15.21%)Independent directors 57% (excluding Chair)
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| 28 Apr 26 | Directorate changes and withdrawal of AGM Resolution
Nneka Abulokwe steps down as Non-Executive Director; Emma McGuigan appointed to replace her. |
+0.4% | |
| 02 Apr 26 | Issue of new ordinary shares to satisfy share awards
800,000 new ordinary shares issued to Employee Benefit Trust to satisfy share awards. |
−0.4% | |
| 31 Mar 26 | Notice of 2026 Annual General Meeting and publication of the Company’s 2025 Annual Report and Accounts
2026 Annual General Meeting scheduled for 18 May 2026 and 2025 Annual Report published. |
+2.3% | |
| 26 Mar 26 | Disposal
Capita sells private sector contact centre business to Inspirit Capital for £1, expects 200bps margin improvement by 2027. |
+15.0% | |
|
Sale price £1Potential contingent consideration up to £61.5m2025 adjusted revenue of disposed business £398.1mAnnualised savings target c. £40mExpected adjusted operating margin improvement by 2027 200bps (5.2% (2025))Cash cost to achieve savings £20m
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| 11 Mar 26 | Response to Ofgem statement regarding final price disallowance
Ofgem disallowed £11.425m of Smart DCC costs for 2024/2025, down from £30.841m initially proposed. |
+6.4% | |
|
in line expectations Final price disallowance 2024/2025 £11.425mInitial proposed disallowance 2024/2025 £30.841mReduction from initial proposal £19.596mFinal disallowance 2023/2024 £20m
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| 11 Mar 26 | Ofgem final decision on DCC cost allowances
Ofgem disallows £11.245m of DCC costs for RY24/25, down from proposed £30.841m disallowance. |
+6.4% | |
|
Disallowed costs £11.245m (£30.841m proposed)
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| 10 Mar 26 | Results | Final Results
Adjusted operating profit up 34% to £113.5m; adjusted revenue down 1.2% to £2.2bn; contact centre division challenged. |
−21.6% |
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in line with expectations expectations Adjusted revenue £2,199.5m (£2,225.7m)Adjusted operating profit £113.5m (£84.6m)Adjusted operating margin 5.2% (3.8%)cNPS +31 (+28)Total contract value won £2,055.3m (£1,511.0m)Net financial debt (pre-IFRS 16) £143.4m (£66.5m)
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| 04 Mar 26 | Contract
Capita selected to deliver Synergy Business Process Services contract for four UK government departments worth £370 million. |
+6.5% | |
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Contract value £370 million
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| 24 Feb 26 | Director Declaration
Independent director Neelam Dhawan disclosed a directorship in Fractal Analytics following its IPO on Indian exchanges. |
−2.0% | |
| 24 Feb 26 | Proforma financial data: closed book Life & Pensions
Capita provides proforma 2024 financial data for closed book Life & Pensions business ahead of full year results. |
−2.0% | |
|
CBL&P Revenue (143.4)mCBL&P Operating Profit (11.3)mCBL&P EBITDA (17.1)mFY2024 Group Restated Revenue (excluding CBL&P) 2,225.7m (2,369.1m)FY2024 Group Restated Operating Profit (excluding CBL&P) 84.6m (95.9m)FY2024 Group Restated Cash conversion (excluding CBL&P) 49% (39%)
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| 19 Feb 26 | Contract
Pension Solutions secures contract renewal with existing UK client valued at £137 million for up to 10 years. |
+2.5% | |
|
Contract value £137 millionContract term up to 10 years
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| 27 Jan 26 | Contract
Capita secures three-year extension to BBC TV Licensing contract starting July 2027. |
+0.4% | |
| 19 Dec 25 | Contract
Capita secures four-year contract renewal with European telecom provider valued at £62 million from January 2026. |
+2.3% | |
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Contract value £62mDuration four yearsCommencement January 2026
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| 15 Dec 25 | Statement re Exercise of settlement option
Capita issues 5.67m shares to Royal London to settle £22.47m obligation under Life & Pensions transition agreement. |
+2.7% | |
|
Shares issued 5,670,909 ordinary sharesPercentage of issued share capital approximately 4.96%Settlement obligation approximately £22.47mShare price 31 pence
|
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| 12 Dec 25 | Trading update | Trading Statement
Capita reports modest growth in Public Service, significant Contact Centre decline, and £250m cost savings achievement. |
−1.1% |
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Capita Public Service revenue growth 4.0%Contact Centre adjusted revenue decline -18.3%Pension Solutions year-to-date growth 1.5%Regulated Services revenue decline -14.3%Annualised cost savings delivered £250mContract pipeline value £16.5bn (£11.7bn (implied from 41% increase))
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| 12 Dec 25 | Statement re closed book Life & Pensions
Capita reaches transition agreement to exit remaining two legacy Life & Pensions contracts with Royal London. |
−1.1% | |
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Initial payment to Royal London £22.47mShare issuance option 5,670,909 shares (~4.96% of issued capital)Additional payments per annum £10m (for three years from 2031-2033)Expected annual free cash outflow £20m per annum (over five-year migration period)Total cash outflow (migration period) £100m (across five years, front-end loaded)
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| 27 Nov 25 | Contract
Capita secures three-year contract extension worth £33m with UK financial services provider from January 2026. |
+2.6% | |
|
Contract value £33mContract duration three yearsStart date January 2026
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| 07 Nov 25 | Response to Ofgem statement regarding price consultation
Ofgem proposes to disallow £31.03m of Smart DCC costs for FY 2024/2025, following £25m disallowance in prior year. |
−2.4% | |
|
Proposed cost disallowance FY 2024/2025 £31.03mPrior year disallowance FY 2023/2024 approximately £25m
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| 07 Nov 25 | DCC price control consultation
Ofgem proposes to disallow £31.030m of DCC costs for regulatory year 2024/25. |
−2.4% | |
|
Proposed cost disallowance £31.030m
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| 03 Nov 25 | Contract
Capita extends Samsung UK customer support contract with technology upgrades including AWS and GenAI integration. |
−1.6% | |
| 24 Oct 25 | Director Declaration
Independent Non-Executive Director Jack Clarke to join Zotefoams plc as Non-Executive Director and chair its Audit Committee. |
+0.0% | |
| 15 Oct 25 | Capita reaches settlement with ICO regarding 2023 cyber attack
Capita reaches settlement with ICO over March 2023 cyber attack, paying £14m penalty. |
−3.3% | |
|
ICO penalty £14mExpected free cash outflow before business exits (revised) £59m-£79m (£45m-£65m)
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| 21 Aug 25 | Appointment of Joint Corporate Broker
RBC Capital Markets appointed as Joint Corporate Broker alongside existing broker Barclays. |
+1.7% | |
| 08 Aug 25 | A strategic partnership powering the future of customer experience
Capita secures three-year contract extension with ScottishPower for contact centre services across five customer journey types. |
+2.4% | |
| 05 Aug 25 | Results | Half-year Results
Half-year revenue down 4% to £1,154.8m; adjusted operating profit fell 22% to £42.6m; on track for £250m cost savings target. |
−2.3% |
|
Adjusted revenue £1,154.8m (£1,198.6m)Adjusted operating profit £42.6m (£54.5m)Free cash flow (excluding business exits) £(26.1)m (£(52.5)m)Contract value won £1,044.4m (£891.9m)Annualised cost savings delivered £205mNet debt £(412.2)m (£(521.9)m)
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| 05 Aug 25 | Results | Half-year Results
H1 2025 revenue down 4% to £1,154.8m; adjusted operating profit fell 22% to £42.6m. Public Sector grew 4%, Contact Centre down 20%. On track for £250m cost savings by December 2025. |
−2.3% |
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Adjusted revenue £1,154.8m (£1,198.6m)Adjusted operating profit £42.6m (£54.5m)Total contract value won £1,044.4m (£891.9m)Free cash flow outflow (excl. exits) £26.1m (£52.5m)Annualised cost savings achieved £205mPipeline with higher technology opportunities £4.4bn
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| 23 Jul 25 | Ofgem opens Investigation into Smart DCC Ltd
Ofgem opens investigation into Smart DCC Ltd compliance with licence conditions on preferences and competitive procurement. |
−5.0% | |
| 02 Jul 25 | Statement re H1 2024 Segmental Restatement
Capita restates H1 2024 segmental information under new operating segment structure. |
+0.3% | |
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H1 2024 Group Adjusted Revenue £1,198.6mH1 2024 Group Adjusted Operating Profit £54.5mH1 2024 Group Adjusted EBITDA £102.4mH1 2024 Group Adjusted Operating Margin 4.5%Operating Cash Flow H1 2024 before business exits £50.8mCapita Experience Revenue £685.6m
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| 02 Jul 25 | Statement re Amendment and Extension of Revolving Credit Facility
Extended revolving credit facility maturity to December 2027 and added £50m accordion option. |
+0.3% | |
|
RCF facility size £250mAccordion option £50mMaturity extension 12 months to 31 December 2027
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| 23 Jun 25 | Board change | Directorate Change
Independent Non-Executive Director Brian McArthur-Muscroft to step down on 23 July 2025 due to external commitments. |
−0.9% |
| 17 Jun 25 | Trading update | Trading update for the five months ended 31 May 2025
Five-month revenue down 4.5% adjusted; AI solutions momentum growing; FY25 guidance unchanged. |
+6.2% |
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in line expectations Adjusted revenue change (5 months) -4.5%Total Contract Value won (5 months) £969m (£780m)Annualised cost savings achieved £185mCost savings target by December 2025 £250mAI use cases identified 200+Expected free cash flow positive from end of 2025
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| 13 Jun 25 | Confirmation of the cancellation of the Company's Share Premium Account
High Court order cancelling share premium account becomes effective following shareholder approval. |
−3.7% | |
| 02 Jun 25 | Contract
Pension Solutions business wins £37m UK contract for pensions administration and transformational projects, five-year term. |
+0.3% | |
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Contract value £37mContract term 5 yearsCommencement date 1 November 2025
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| 12 May 25 | Capita secures three-year extension to PCSE contract
Capita secures three-year extension to Primary Care Support England contract from September 2025. |
+5.5% | |
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Contract extension period 3 yearsFirst 18 months value £82.5mFollowed by transition assistance 18 months
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| 28 Apr 25 | Share Consolidation and Total Voting Rights
Share consolidation approved at AGM, with 113,959,758 new ordinary shares of 31 pence each admitted from 29 April 2025. |
+1.0% | |
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New Ordinary Shares to be admitted 113,959,758Nominal value per New Ordinary Share 31 penceTotal voting rights post-consolidation 113,959,758
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| 28 Apr 25 | Results | Announcement of Annual General Meeting Results
All resolutions passed at Annual General Meeting including share consolidation and share premium reduction. |
+1.0% |
| 10 Apr 25 | Capita secures contract extension with Southern Water
Capita extends Southern Water contact centre contract from July 2026, valued at £92.4m over five years. |
+4.3% | |
|
Contract value over five years £92.4mInitial three years £56.3mOptional two-year extension £36.1mCustomer contacts handled in 2024 1mBack-office transactions processed in 2024 1.3m
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| 01 Apr 25 | Contract extension
Capita extends IT services contract with Education Authority of Northern Ireland for £107m through March 2027. |
−1.2% | |
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Contract value £107mContract duration 1 April 2025 to 31 March 2027Extension option two years on 1 + 1 basisSchools covered 1,104
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| 24 Mar 25 | Results | Annual Report and Notice of 2025 Annual General Meeting - Corrected
Capita publishes 2024 Annual Report and circular proposing share consolidation at 15:1 ratio and share premium reduction. |
+1.3% |
| 24 Mar 25 | Results | Annual Report and Notice of 2025 Annual General Meeting
Board proposes share consolidation at 15-for-1 ratio and cancellation of share premium account. |
+1.3% |
| 05 Mar 25 | Results | Final Results
Full year 2024 adjusted revenue down 8% to £2.4bn but adjusted operating profit up 5.5% to £95.9m; net debt improved to £66.5m |
+8.1% |
|
in line with guidance and market expectations expectations Adjusted revenue £2.4bn (£2.6bn)Adjusted operating profit £95.9m (£90.9m)Reported operating loss £9.9m (£52.0m loss)Net financial debt (pre-IFRS 16) £66.5m (£182.1m)Customer net promoter score +28 points (+16 points)Renewal rate 92% (51%)
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| 11 Feb 25 | Capita secures expansion of Royal Navy training contract to deliver marine engineering training
Capita awarded £97m expansion of Royal Navy training contract for marine engineering services starting May 2025. |
−2.8% | |
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Contract expansion value £97mTotal Royal Navy training contract value c.£1.3bnContract term 7 years 11 monthsService transitions completed 10th
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| 29 Jan 25 | Contract
Capita renews Gas Safe Register contract for £89m, running April 2025 to December 2029. |
−1.0% | |
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Contract value £89mContract duration April 2025 to December 2029Registered businesses 80,000Engineers 150,000+Competence checks (2023/24) 55,000
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| 02 Jan 25 | Director Declaration
Independent non-executive director Jack Clarke stepped down from the Essentra plc board. |
−1.6% | |
| 17 Dec 24 | Trading and Operating Update
Adjusted revenue down 8% in eleven months to November 2024; cost savings target raised to £250m with margin improvement expected. |
−14.7% | |
|
Adjusted revenue decline c.8%Annualised cost savings actioned £140mUpgraded cost savings target up to £250m (£160m)Capita One disposal proceeds c.£180mExpected 2024 free cash outflow £120m-£140mNet financial debt to adjusted EBITDA (pre-IFRS 16) <1.0x
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| 09 Oct 24 | Board change | Directorate Change
Jack Clarke appointed as Independent Non-Executive Director; will chair Audit and Risk Committee from March 2025. |
−0.7% |
| 27 Sep 24 | Director Declaration
Georgina Harvey appointed as Non-Executive Director of M&C Saatchi PLC, effective 1 October 2024. |
+2.6% | |
| 23 Sep 24 | Capita extends smart meter licence contract
Capita extends DCC licence contract for smart meter platform through September 2027 with value up to £135m. |
+3.9% | |
|
Contract extension value up to £135mDCC licence extension period two yearsSmart meters connected 53 millionLicence operation end date September 2027
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| 05 Sep 24 | Disposal
Capita completed sale of Capita One software business to MRI Software for £180m net cash proceeds. |
+2.5% | |
|
in line expectations Net cash proceeds from Capita One sale £180mExpected net financial debt at 31 December 2024 minimal
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| 02 Aug 24 | Results | Half-year Results
H1 adjusted operating profit up 33% to £54.2m; adjusted revenue down 9% to £1,201.5m; cost reductions on track. |
−12.4% |
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Adjusted revenue £1,201.5m (£1,324.4m)Adjusted operating profit £54.2m (£40.9m)Adjusted operating margin 4.5% (3.1%)Free cash outflow excluding business exits £51.9m (£64.3m)Cost reductions delivered £100mNet financial debt (pre-IFRS 16): adjusted EBITDA ratio 1.1x
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| 29 Jul 24 | Further re Disposal - Listing Rule change - General Meeting adjourned
Capita One disposal to MRI Software no longer requires shareholder approval following Listing Rule changes; General Meeting adjourned. |
−2.8% | |
| 17 Jul 24 | Director Declaration
Georgina Harvey resigned as independent non-executive director of Superdry PLC. |
−1.9% | |
| 15 Jul 24 | Further re disposal - Listing rule change - adjournment of general meeting
Capita One software business disposal to MRI Software no longer requires shareholder approval following FCA Listing Rules change. |
+8.3% | |
| 10 Jul 24 | Circ re proposed disposal of Capita One
Capita publishes circular for shareholder vote on sale of Capita One software business to MRI Software. |
+0.5% | |
| 09 Jul 24 | Disposal
Capita agrees to sell Capita One software business to MRI Software for £200m on a cash-free, debt-free basis. |
+21.9% | |
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Enterprise value £200mCapita One 2023 EBITDA c.£21mExpected gross cash proceeds approximately £207m2023 revenue £55m2023 profit before tax £19mValuation multiple on 2023 EBITDA c.10x
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| 02 Jul 24 | Capita renews contract to administer the Royal Mail Statutory Pension Scheme
Capita renews Royal Mail Statutory Pension Scheme contract for six years from 2026, worth £48m over eight years. |
+0.3% | |
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Contract value £48mContract duration 6 years from 2026Extension option 2 yearsRMSPS members served 350,000+
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| 13 Jun 24 | Capital Markets Presentation
Capita outlines strategic plan with four key business priorities and announces improved medium-term financial targets. |
+2.7% | |
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Planned annualised cost savings by Q2 2025 £160mCost savings already actioned £90mPlanned reinvestment of savings through end 2025 £50mTarget EBIT margin 6%-8%Target operating cash conversion 65%-75%Target net financial debt leverage ≤1x
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| 21 May 24 | Results | Announcement of AGM Results
All resolutions at Capita's AGM approved by shareholders on 21 May 2024. |
−4.6% |
| 21 May 24 | Trading update | AGM Trading Update
Adjusted revenue 9% lower in four months to 30 April 2024, in line with expectations. Full year guidance unchanged. |
−4.6% |
|
in line expectations Adjusted revenue (4 months) 9% lower (vs 2023)Contract win rate 77% (80% (2023))Total Contract Value won 9% decrease (4 months to 30 April 2024)Capita Public Service adjusted revenue 5% reductionCapita Experience adjusted revenue 16% reductionKPI performance - Capita Public Service 95%
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| 13 May 24 | Board change | Update on directorship change and purchase of shares by CFO designate
CFO Tim Weller to retire in August, succeeded by Pablo Andres who joins on 15 July. |
−1.9% |
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Shares purchased by Pablo Andres on 9 May 2024 325,000 shares at 13.8682pShares purchased by Pablo Andres on 10 May 2024 325,000 shares at 13.5563pTotal Capita shares held by Pablo Andres 650,000 ordinary shares
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| 02 May 24 | Board change | Directorate Change
CFO Tim Weller to retire in August 2024; Pablo Andres joins as successor on 15 July 2024. |
+0.5% |
| 10 Apr 24 | Capita plc extends contract with European telecoms provider
Extended customer experience contract with European telecoms provider for two years with two-year extension option. |
+0.7% | |
|
Contract value over four years more than £95m
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| 05 Apr 24 | Notice of AGM
2024 Annual General Meeting scheduled for 21 May 2024 at 10:30 a.m. in London. |
−0.6% | |
| 22 Mar 24 | Results | Annual Report
2023 Annual Report published; AGM scheduled for 21 May 2024. |
−2.3% |
| 06 Mar 24 | Results | Final Results
Full year 2023 revenue grew 1.3% to £2.6bn adjusted; profit up 14% but free cash flow negative; £160m total cost cuts announced. |
−22.4% |
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Adjusted revenue £2.6bn (£2.6bn (2022))Adjusted profit before tax £56.5m (£49.8m (2022))Contract wins total value £3,036m (£2,593m (2022))Free cash outflow £115.5m (£42.4m (2022))Net financial debt (pre-IFRS 16): EBITDA 1.2xCost reduction programme £160m (£60m Q1 2024 + £100m by June 2025)
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| 28 Feb 24 | Capita plc signs deal worth up to £220m with major European telecoms provider
Capita extends and expands customer experience contract with major European telecoms provider worth up to £220m through 2030. |
+3.5% | |
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Contract value (2027-2030) £165mAdditional scope £55mTotal deal value (2027-2030) up to £220mExisting deal value (2024-2027) c.£200mPartnership duration 25 years
|
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| 18 Jan 24 | Completion of the sale of stake in Fera
Capita completed sale of 75% stake in Fera Science to Bridgepoint Development Capital for £62m cash proceeds. |
+2.8% | |
|
Cash proceeds from Fera sale £62mCapita's stake sold 75%
|
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| 20 Dec 23 | Director Change
Janine Goodchild to step down as Employee Director on 31 December 2023 following board restructure. |
−0.1% | |
| 14 Dec 23 | Trading update | Pre-close trading update for the 11 months to 30 November 2023
Contract wins up 47% to £2.89bn; £60m cost savings programme launched; Travel disposal completed. |
+1.3% |
|
Adjusted revenue growth 2.1%Total Contract Value won £2.89bn (£1.96bn)Win rate for new work 70% (27%)Annualised cost savings from Q1 2024 £60mPension scheme actuarial surplus £51mCustomer Net Promoter Score +25
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| 08 Dec 23 | Director Declaration
Senior Independent Director Georgina Harvey appointed to Britvic plc board as Independent Non-Executive Director and Remuneration Committee Chair. |
−1.1% | |
| 07 Dec 23 | Board change | Resignation of Claire Miles, Independent Non-Executive Director, Capita plc (the `Company')
Independent Non-Executive Director Claire Miles resigned effective 31 December 2023 due to external CEO appointment. |
+1.2% |
| 04 Dec 23 | Capita agrees to sell stake in Fera and completes non-core disposal programme
Capita agrees to sell 75% stake in Fera to Bridgepoint for £60m enterprise value, completing non-core disposal programme. |
+2.5% | |
|
Enterprise value of Fera stake £60mTotal joint venture valuation £80mCash proceeds to Capita £62mMultiple on 2022 EBITDA 10.8xFera 2022 revenue £45mFera 2022 profit before tax £3m
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| 21 Nov 23 | Statement re Capita plc implementing significant cost reduction programme
Capita launching cost reduction programme targeting £60m annual savings by Q1 2024, with approximately 900 redundancies. |
+7.3% | |
|
Targeted annual cost savings £60m (£40m)Roles at risk of redundancy approximately 900Exceptional costs in 2023 £27mContract wins year to date £2.85bn (£2.59bn (2022 full year))
|
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| 20 Nov 23 | Capita selected to administer the Civil Service Pension Scheme
Capita wins 10-year contract to administer Civil Service Pension Scheme worth £239m from September 2025. |
+4.7% | |
|
Contract value £239mContract duration 10 yearsStart date September 2025
|
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| 15 Nov 23 | Completion of the sale of travel businesses
Capita completed sale of travel businesses Agiito and Evolvi to Clarity Travel Ltd for £17m cash. |
+0.1% | |
|
Cash proceeds expected £17mPayable on completion £8mPayable 12 months post-completion £9m
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| 09 Nov 23 | Board change | Directorate Change: Update on CEO succession at Capita plc
Adolfo Hernandez appointed CEO effective 17 January 2024, succeeding Jon Lewis who remains until July 2024. |
+2.2% |
Company filings. Not investment advice.