Capita ‘moving at pace’ with cost cutting amid overhaul

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.