Capita delays investor event over pension contract
Britains Capita postponed its capital markets event to focus on improving service delivery for a troubled civil service pension scheme. The outsourcing firm is working with the Cabinet Office on a recovery plan following recent regulatory scrutiny.
Insights:
Capita postponed its capital markets event on Tuesday morning to focus on fixing operational problems with a troubled civil service pension scheme contract in the United Kingdom. The outsourcing firm delayed the presentation previously scheduled for November 4 to prioritize discussions with government officials on a recovery plan. The delay comes after the company issued a profit warning in July following regulatory pressure and government threats to recoup costs.
