Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Holly Williams

FORGOTTEN HISTORY: Capita moving at pace with cost cutting amid overhaul | History Defined

Outsourcing group Capita has said it is ‘moving at pace’ with a ramped-up cost-cutting plan as it swung back to an annual profit (Alamy/PA) -

Outsourcing group Capita has said it is “moving at pace” with a ramped-up cost-cutting plan as it swung back to an annual profit.

The group’s action to slash costs helped it post a £116.6 million pre-tax profit in 2024, against losses of £106.6 million the previous year, despite an 8% drop in revenues.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.