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The Latest Breaking News from Capita

FTSE 100 lags behind Europe after Germany outlines ‘seismic’ spending surge

European markets rose sharply after Germany announced a historic change to its fiscal rules to spend heavily on defence and infrastructure.

Evening Standard

Capita ‘moving at pace’ with cost cutting amid overhaul

The group’s action to slash costs helped it offset an 8% drop in revenues to return to an annual profit.

Evening Standard

Teachers’ Pensions won’t pay me my pension – until I confirm I’m not dead

The money has been withheld for two months and I’m struggling financially

The Guardian - UK

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FTSE 100 falls again as wage growth ‘throws cold water’ on rate cut hopes

Data showed wage growth jumping higher on Tuesday, reinforcing expectations that the Bank will hold interest rates later this week.

Evening Standard

Capita raises cost-saving target as it turns to AI to drive change

Shares in the firm were down by a tenth on Tuesday after it hiked its savings target to £250 million from a previous £160 million.

Evening Standard

Capita eyes £250m savings from AI and staff leavers

The outsourcing firm raised its savings target from £160 million to up to £250 million on Tuesday.

Evening Standard

Outsourcing firms likely to signal lower revenues as NI changes weigh on costs

Capita and Serco are both predicted to point towards dips in sales when they provide trading updates for shareholders next week.

Evening Standard

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I can’t get divorced … because of my pension provider

There’s been a delay in getting the valuation from Teachers’ Pensions that I need for our court proceedings. Now my husband thinks I’m prevaricating

The Guardian - UK

‘I despair as debts mount’: teachers’ pension delays put lives on hold

Logjam in pension pot valuations is ‘causing huge distress’ and costing money for divorcing couples

The Guardian - UK

DWP is changing PIP assessments from September – what you need to know

New providers will oversee the transition to a streamlined assessment process from next month

The Independent UK

The Usual Suspects: Meet Labour's best pals in the great PFI wheeze

THROUGHOUT the PFI saga the same faces and names kept coming up.

The National (Scotland)

Ulez scrappage scheme snarl-ups leave motorists facing crunch

Processing delays and baffling rejections are causing real hardship for car owners trying to be Ulez-compliant

The Guardian - UK

Private equity groups collecting millions to run UK government-funded sexual assault referral centres

Exclusive: Charities concerned at profits being made from government contracts to help victims

The Guardian - UK

New Capita boss promises ‘rapid reduction’ in costs after £107m loss

Capita is one of the Government’s favourite outsourcers with billions of pounds worth of contracts

Evening Standard

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Evening Standard

FTSE 100 Live 6 March: Capita losses, Esken to be wound down, markets seen steady ahead of Jeremy Hunt budget

The FTSE 100 is set for modest gains when markets open today, as traders await Jeremy Hunt’s Spring Budget.

The Guardian - UK

I pay staff in my small bookshop more than the living wage, so why can’t big businesses?

Letter: Marie Moser, the owner of a bookshop in Edinburgh, responds to the withdrawal of Capita and BrewDog from the real living wage scheme

The Guardian - UK

MoD firefighters’ pensions delayed after Capita Group blunders

Trade union Unite tells of concerns about 2025 contract to administer civil service pension scheme

The Guardian - UK

‘It’s sad’: is the UK real living wage under threat as Capita and BrewDog pull out?

Unions and some employers push back against claims that the pay standard is unaffordable after two years of 10% rises

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The Guardian - UK

Morality and reality: the key problems facing UK military recruiters

Calls to prepare for war butt up against record on recent conflicts, pay and conditions, and changing youth culture

The Guardian - UK

Criminalising women is no way for the BBC to make up for funding freezes

Female viewers are being disproportionately targeted for not paying the licence fee. It’s got to stop

The Guardian - UK

Outsourcing group Capita to cut 900 jobs in cost-saving drive

Company runs services for councils, the military and the NHS and manages BBC TV licence fee

The Guardian - UK

Ulez scrappage scheme leaving hard-up households out of pocket

Scores of applicants claim administrative failings have left them facing crippling daily charges

The Guardian - UK

Cyber-attack to cost outsourcing firm Capita up to £25m

Group, which runs services for NHS, councils and military, reports loss of almost £68m for first half of year

Evening Standard

Capita draws a line under £25 million cyber attack as it swings to half-year loss

CEO Jon Lewis tells the Standard cyber attacks are “a plague” on Western companies from “criminals in rouge states”

The Guardian - UK

Capita boss quits as potential fine looms for huge hack of confidential data

Jon Lewis, the chief executive, is to step down as troubled outsourcing firm reels from March cyber-attack

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