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Capita misses out on £1.4bn contract

Prospects remain solid for outsourcing provider Capita despite missing out on pensions contract
November 10, 2011

Outsourcing provider Capita still looks an attractive proposition despite missing out on a £1.4bn pensions contract with Friends Life.

IC TIP: Buy at 662p

The company still has a healthy bid pipeline, which stood at £4.7bn at the half-year stage and is well placed to continue benefiting from the UK government's austerity drive.