UK outsourcing giant in public and private sectors
Capita has warned it could knock £25m-£40m off annual profits for 2026 as delays and backlogs in the Civil Service Pension Scheme persist. The outsourcing group has apologised for the poor service and faces government sanctions while MPs press for accountability as civil servants wait for payments and retirement quotes.
AstraZeneca has said its Wainua heart-drug failed to meet its primary endpoint in a phase 3 trial, dragging stock lower and offsetting gains in mining shares as markets shift on the setback for the drug’s prospects.