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Capita suspends dividend

Capita suspends dividend

The outsourcing sector has proved the bears right once again. Shares in Capita (CPI) fell more than 45 per cent on the day the group announced a rights issue, suspension of the dividend and a severe cut in profit expectations. The news sparked a sell-off in the wider UK-listed outsourcing sector, including shares in Serco (SRP) and Babcock (BAB) down 3 per cent. 

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