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The Latest Breaking News from Capita

‘My kids buy me food’: civil service pensioners offered emergency loans as nearly 90,000 face delays

Government to lend up to £10,000 to worst-affected new retirees as minister admits there is ‘unacceptable’ backlog

The Guardian - UK

London councils have a ‘sustained reliance’ on private firms as report shows £500m spend

Exclusive: Research prompts warning that authorities rely on companies to carry out basic functions

The Guardian - UK

Retired UK civil servant ordered to pay back £25,000 after pension scheme error

Eleven years of overpayments leave 63-year-old facing hardship and return to full-time work

The Guardian - UK

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Capita handed huge £14m fine over security failings which lead to data breach

Capita ‘failed in its duty to protect’ customer data, the ICO found.

TechRadar

Capita Fined £14m Over 2023 Cyber-Attack Failures

Capita fined £14 million by UK watchdog over failures linked to a 2023 cyber-attack that exposed sensitive data and breached security protocols.

International Business Times UK

Capita fined £14m for data protection failings in 2023 cyber-attack

Hackers stole personal information of 6.6m people but outsourcing firm did not shut device targeted for 58 hours

The Guardian - UK

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Capita fined after millions of people’s personal data stolen in cyber attack

Capita fined £14m after data watchdog confirms a wide array of personal information had been exposed

The Independent UK

Capita hit with £14m fine for personal data breach in 2023 cyber attack

Hackers stole personal information including pension details and staff records as well as details of customers of organisations Capita supports.

Evening Standard

Newly retired UK teachers ‘sick with worry’ after delays in pension payments

Current and retired staff complain about delays, backlogs and poor communication at Teachers’ Pensions

The Guardian - UK

300 jobs at risk as London-based firm moves Scottish Power contract to South Africa

MORE than 300 people are at risk of being made redundant after an outsourcing firm that handles customer support for Scottish Power unveiled plans…

The National (Scotland)

Capita using cost savings to invest in AI push

The group said it had so far stripped out £185 million of costs as part of its plans to save £250 million a year by the end of 2025.

Evening Standard

BA and Pizza Express among companies that failed to pay minimum wage

More than 60,000 workers have received back pay worth £7.4m from 518 employers after HMRC investigations

The Guardian - UK

The 44 Scottish firms named and shamed for failing to pay minimum wage

Pizza Express, Lidl, British Airways, and outsourcing firm Capita are among the British businesses named by the Government for failing to pay some…

The National (Scotland)

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Evening Standard

Capita, Pizza Express and Lidl named by Government for minimum wage failures

The Department for Business and Trade (DBT) released a list of 518 employers and businesses that underpaid workers over several years.

The Independent UK

Pizza Express, Lidl and Halfords named by Government for minimum wage failures

The government has released a list of over 500 employers that underpaid workers

The Guardian - UK

Teachers launch legal action over pension delays stalling divorces

Union says hold-ups in issuing pension transfer values causing ‘intolerable strain’

The Guardian - UK

Teachers’ Pensions used to check if I was alive. Now it seems to assume I’m dead

I have to answer their letters to confirm my continued existence. This time the letter didn’t arrive – and my pension has stopped

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Evening Standard

FTSE 100 lags behind Europe after Germany outlines ‘seismic’ spending surge

European markets rose sharply after Germany announced a historic change to its fiscal rules to spend heavily on defence and infrastructure.

Evening Standard

Capita ‘moving at pace’ with cost cutting amid overhaul

The group’s action to slash costs helped it offset an 8% drop in revenues to return to an annual profit.

The Guardian - UK

Teachers’ Pensions won’t pay me my pension – until I confirm I’m not dead

The money has been withheld for two months and I’m struggling financially

Evening Standard

FTSE 100 falls again as wage growth ‘throws cold water’ on rate cut hopes

Data showed wage growth jumping higher on Tuesday, reinforcing expectations that the Bank will hold interest rates later this week.

Evening Standard

Capita raises cost-saving target as it turns to AI to drive change

Shares in the firm were down by a tenth on Tuesday after it hiked its savings target to £250 million from a previous £160 million.

Evening Standard

Capita eyes £250m savings from AI and staff leavers

The outsourcing firm raised its savings target from £160 million to up to £250 million on Tuesday.

Evening Standard

Outsourcing firms likely to signal lower revenues as NI changes weigh on costs

Capita and Serco are both predicted to point towards dips in sales when they provide trading updates for shareholders next week.

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