21 June 2021 - disposal/trading update

Outsourcing group Capita has disposed of its joint-venture Axelos for cash consideration of £172.5m, although it will also receive a dividend of £11.1m from the venture as well.  This will help to reduce group debt and is part of the group's restructuring plan, which will see a number of non-core businesses sold.  The company has also confirmed that trading remains in line with expectations with an improvement in performance in the first half of the year.  The company expects to deliver revenue growth for the year as a whole . . .

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