Capita planning £700m asset sale

Capita is planning a £700m asset sale as part of a balance sheet shake-up.

According to The Times, this sale will be alongside a heavily discounted rights issue intended to raise a similar sum.

Chief executive Jonathan Lewis is understood to be working on a more aggressive than expected review that could result in the sale of six or seven businesses.

Lewis said Capita had underinvested and relied on acquisitions to fuel growth. The firm is battling a debt pile that totalled £1.2bn at the end of last year and a reported £381m pension deficit.

    Share Story:

Recent Stories

Deep Neural Networks for FX Prediction
Adam Cadle speaks to Richard Turner Head of Research and Mike Emambakhsh, Ph.D. Senior Research Scientist at Mesirow Currency Management about their work with Machine Learning, specifically Deep neural networks for FX prediction.


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.