Capita comes full Serco to dodge Carillion fate

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

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Equity
Follow-ons and Rights issues

Capita comes full Serco to dodge Carillion fate

Sam Kerr
February 01, 2018 04:30 PM
PA-Capita_230x150
General view of a Capita sign outside their offices in Bournemouth, Dorset. The company has seen its shares plunge to a 15-year low after a warning over profits and announcing an investor cash-call as part of a major overhaul. | Andrew Matthews/PA Wire/PA Images

The big fall in the share price of UK outsourcer Capita on Wednesday led to fears of another large corporate collapse in the sector following Carillion's demise last month. But market sources saw the rights issue and turnaround plans, which caused the dip, as a way to avoid disaster as peer Serco once did with similar tactics.

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EquityUKEuropeCitiFollow-ons and Rights issuesEMEAGoldman Sachs
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Sam Kerr
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