Market responds warmly to Capita’s turnround plan

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Market responds warmly to Capita’s turnround plan

Sam Kerr
April 23, 2018 01:30 PM
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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

Capita, the UK outsourcing company, launched its £701m ($976.13m) rights issue before the market opened on Monday, in a bid to turn its fortunes around and de-lever its balance sheet.

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SantanderEquityUKEuropeCitiFollow-ons and Rights issuesBarclaysEMEAGoldman Sachs
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