Woodford sticking with Capita
Days after Capita saw its shares plummet more than 40%, Neil Woodford has said he will not abandon his holdings in the business process outsourcing firm, even though “it has been a poor investment”.
Capita
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Capita shares plummet 40% amid fears of second Carillion
Shares in Capita dropped sharply on Wednesday after the tormented outsourcing firm announced a rights issue and that it had suspended its dividend.
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FCA orders £66m refund for collapsed Connaught investors
The UK financial watchdog has publicly censured Capita Financial Managers (CFM) and ordered it to pay up to £66m ($86.6m, €74.6m) to investors who suffered losses from investing in the firm’s now-liquidated Connaught Income Fund, Series 1.
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Australian Link Group buys UK, Europe and Dubai-focused Capita
Australia-headquartered financial services provider Link Group is to acquire internationally focused Capita Asset Services for £888m ($1.1bn, €1bn).
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Connaught scandal liquidators secure £18.5m payout from Capita
UK outsourcing firm Capita has paid £18.5m (€22.07m, $24.2m) to settle a claim brought against it by the liquidator of the Connaught property fund fraud in which investors lost up to £100m.
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Case against delayed Guernsey QROPS transfer thrown out
A case against pension administrator Capita which claimed there were “unreasonable delays” to an overseas pension transfer has been rejected by the Pensions Ombudsman Service (POS).
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FE launches DFM comparison tool
Financial Express (FE) has launched a service allowing financial advisers to directly compare DFM model portfolios.
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Capita Group to buy AIB Jersey Trust
The Capita Group is to purchase the trust services business of AIB in Jersey for £12.5m.