UK's Quilter warns of potential 'remedial costs' amid regulatory scrutiny https://t.co/AH7s6n31Xv https://t.co/wNEUsth5qj
Capita shares fall sharply on annual loss; plans $127 mln cost-saving steps https://t.co/qNzIqAJqRF https://t.co/ZRnaCjszpD
Capita says 2023 cyberattack costs a factor as it reports staggering £100M+ loss https://t.co/Zh7luoSGIT

Capita has reported a significant annual loss of £107m, leading to a sharp decline in its share price, which fell 20% on the announcement day, 62% over the last year, and 86% over the past five years. The company announced plans to implement cost-saving measures totaling $127 million in response to the financial downturn. This comes after a challenging year marked by a cyberattack, which contributed to the company's financial difficulties. The new CEO of Capita has promised a 'rapid reduction' in costs. Additionally, Capita's ROCE was 13% in 2019 and 18% in 2018, highlighting the company's previous financial health.




