Woodford Served Blow by Capita

Capita shares have tanked more than 40% today as the company announced a profits warning and scrapped the dividend - impacting shareholders including Neil Woodford

David Brenchley 31 January, 2018 | 9:39AM

Capita runs the congestion charging zone in London

Top fund managers Neil Woodford and Mark Barnett were dealt a fresh blow on Wednesday after outsourcer Capita (CPI) announced a profits warning and rights issue and suspended its dividend.

The news comes just weeks after the collapse of Carillion (CLLN), with Capita saying pre-tax profits for 2018 will be between £270 million and £300 million rather than the £400 million previously expected.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Capita PLC24.13 GBP0.00
Carillion PLC14.20 GBP0.00
Invesco High Income UK Z Acc194.92 GBP-2.30
Invesco UK Strategic Inc UK Z Acc202.23 GBP-2.38
LF Woodford Equity Income C Sterling Acc15.00 GBP-0.27
St James's Place UK High Income Acc590.05 GBP-2.00
Veritas Global Equity Income A GBP159.81 GBP-0.19

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites