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Capita shares drop
Published:  24 November, 2010

Capita's shares have dropped by over 5%, the biggest fall in the leading index, according to reports.

Capita's shares have dropped by over 5%, the biggest fall in the leading index, according to reports.

The outsourcing company – which runs Gas Safe Register – suggests the decline may be due to the government's recent spending review.

Capita admitted: "At the half year, we indicated that pressures on public spending might potentially affect growth in the short term in a small number of our trading activities. This is now occurring and will subdue revenue growth in the second half of the year more than previously anticipated."

Analysts including JP Morgan and HSBC have reduced their target prices on the company.