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Capita To Sell Travel, Events Units For 36.5 Mln Pounds

Capita To Sell Travel, Events Units For 36.5 Mln Pounds
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CMA finds competition concerns in merger of emergency service software suppliers

CMA finds competition concerns in merger of emergency service software suppliers
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NEC Software Solutions UK / Capita Secure Solutions and Services merger inquiry

The CMA is investigating the completed acquisition by NEC Software Solutions UK Limited of Capita (SSS) Limited and Capita Software (US) LLC. ....

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Capita: We're creating a 'Portfolio' division to house all the stuff we don't want


Welcome to the Great Fire sale of old London town
Paul Kunert
Wed 17 Mar 2021 // 16:19 UTC
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Corporate pantomime baddie Capita is again carving up its operations, creating specific divisions for private and public sector customers and a third that will house non-core businesses it wants to sell.
The restructuring plan was outlined alongside financial results for calendar 2020 which, although in line with expectations, showed the extent to which the pandemic has decelerated Capita s multi-year turnaround efforts. Revenue crashed 10 per cent to $3.3bn from £3.67bn in fy 19, but pre-tax losses narrowed to £49.4m from £62.6m.
In yet another twist for Capita - as part of CEO Jon Lewis s three-year blueprint to convert loss-making sales into something more sustainable - the company will create three units, including Capita Public Service (CPS), Capita Experience and Portfolio . The latter will be an enlarged portfolio of ....

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