Capita reveals earnings hit of up to £40m from Civil Service pension failures

Dan Coatsworth, head of markets at AJ Bell, said: “Capita has quantified the impact of its underperforming civil service pension scheme. Having gone with its tail between its legs and apologised for not doing its job properly, Capita now says it will take an earnings hit of up to £40 million on associated contract failures. Investors are royally cheesed off, with another slump in the share price. The stock has now fallen by 35 per cent in just a month.”