Capita plummets 40% on investment warning

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Capita plummets 40% on investment warning

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Embargoed to 0001 Thursday May 17 File photo dated 31/01/18 of a Capita sign outside their offices in Bournemouth, Dorset. The company hired to perform various back-office tasks for the NHS in England failed to deliver on key aspects of its service which potentially put patient safety at risk, according to a new report. | Andrew Matthews/PA

Capita raised £719m of equity in May 2018 via a deal that was billed as the path to securing its financial future after a difficult period for the outsourcing sector. However, the firm has now conceded that the amount raised was not enough to offset its decline in revenues.

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