Capita shares sink as outsourcing giant swings to £107m loss, takes £25m hit from cyber attack


Capita has incurred £25.3m in costs tied to a cyber attack last March as the outsourcing giant swung to an annual loss and ramped up its cost-cutting programme.

Shares fell 16 per cent on Wednesday morning. The group, which runs key local government, military and NHS services, posted a pretax loss of £106.6m for 2023, compared with a £51.4m profit in 2022.

Read more…
Source: MSN News