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Capita's shares crash after Brexit woes prompt shock profit warning

Discussion in 'Market News' started by Lily, Sep 29, 2016.

  1. Lily

    Lily Forum Member

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    Shares in outsourcing firm plunge 28% as it blames weak second half on economic uncertainty caused by EU vote

    Capita’s share price has crashed after it issued a surprise profit warning for 2016, revealing that clients were putting off big investment decisions following the Brexit vote.

    Shares plunged 28% after the unexpectedly gloomy update on Thursday morning, making the UK outsourcing company the biggest faller on the FTSE 100. Investors took fright at the early warning sign that companies are starting to rein in spending because of uncertainty created by Britain’s decision to leave the EU.

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