Capita (CPI)

Sector:

Support

Index:

FTSE Small Cap

14.26p
   
  • Change Today:
      0.50p
  • 52 Week High: 34.92
  • 52 Week Low: 12.50
  • Currency: UK Pounds
  • Shares Issued: 1,701.27m
  • Volume: 76,381,354
  • Market Cap: £242.60m
  • RiskGrade: 259

Capita shares tank after NHS cancer screening blunder

By Michele Maatouk

Date: Thursday 15 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Capita shares tumbled a day after it emerged that the company had failed to deliver thousands of cervical cancer screening letters to patients as part of a contract with NHS England.
In a statement on Wednesday, Capita said that between January and June this year, approximately 43,200 women due to receive letters were sent an invitation letter or a reminder, but not both. In addition, 4,508 results letters were delayed this year.

Capita said only a small proportion of these results required further examination, and they should all have been contacted directly by their GP.

The outsourcer said: "The risk to women of this incident is low and there is no current evidence of harm, but Capita nevertheless apologises to both the NHS and to the women whose correspondence was delayed.

"We have investigated the precise circumstances around this incident, and it is clear that the correct process for uploading, organising and checking data files was not properly followed. When the problem was discovered, it was not immediately escalated to senior leadership, or NHS England, by the individuals responsible. Capita is investigating the managerial handling of the matter and taking appropriate disciplinary action. Additionally, a senior executive responsible for this contract has already left Capita."

The British Medical Association slammed Capita for its "appalling" failure to send the letters and urged NHS England to strip the company of its contract and take Primary Care Support England services back in-house.

BMA GP committee chair DR Richard Vautrey said: "This is an incredibly serious situation, and it is frankly appalling that patients may now be at risk because of this gross error on the part of Capita. Some women will now be left extremely anxious because they have not received important correspondence, particularly letters about abnormal smear test results that need urgent follow up. This has been caused solely by Capita's incompetence.

"Since it took responsibility for GP back room functions three years ago, Capita's running of these services has been nothing short of shambolic and after repeated warnings from the BMA and government, this is now clear evidence that its failings have put patient safety - and possibly lives - at risk. It is ultimately NHS England that bears overall responsibility and it must now take this service back in-house. As the body which commissioned Capita to take on this work, despite clear warning signs that it was not up to the job, NHS England must shoulder the blame for this dreadful situation; you cannot outsource responsibility."

At 1100 GMT, the shares were down 7.8% to 116p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Capita Market Data

Currency UK Pounds
Share Price 14.26p
Change Today 0.50p
% Change 3.63 %
52 Week High 34.92
52 Week Low 12.50
Volume 76,381,354
Shares Issued 1,701.27m
Market Cap £242.60m
RiskGrade 259

Capita Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.85% above the market average94.85% above the market average94.85% above the market average94.85% above the market average94.85% above the market average
97.78% above the sector average97.78% above the sector average97.78% above the sector average97.78% above the sector average97.78% above the sector average
Price Trend
73.19% below the market average73.19% below the market average73.19% below the market average73.19% below the market average73.19% below the market average
90% below the sector average90% below the sector average90% below the sector average90% below the sector average90% below the sector average
Income
47.92% below the market average47.92% below the market average47.92% below the market average47.92% below the market average47.92% below the market average
40.62% below the sector average40.62% below the sector average40.62% below the sector average40.62% below the sector average40.62% below the sector average
Growth
95.71% below the market average95.71% below the market average95.71% below the market average95.71% below the market average95.71% below the market average
95.96% below the sector average95.96% below the sector average95.96% below the sector average95.96% below the sector average95.96% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Capita Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Oct-17 25-May-17
Paid 30-Nov-17 03-Jul-17
Amount 11.10p 20.60p

Trades for 31-May-2024

Time Volume / Share Price
16:41 371,930 @ 14.26p
16:35 128,623 @ 14.26p
16:35 69,153 @ 14.26p
16:35 52,631 @ 14.26p
16:35 91,899 @ 14.26p

Capita Key Personnel

CFO Tim Weller
CEO Adolfo Hernandez

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