Jack Horgan-Jones on Business

Large corporates with massive debt, such as Capita and Carillion, are starting to appear vulnerable. Should we all be getting nervous?

4th February, 2018
Derek Richardson, owner of Wasps Rugby Club: secured the forgiveness of the club’s bondholders Pic: REX/Shutterstock

The interests of shareholders and normal people may not always converge, but when it comes to an outsourcing company like Capita, which has deeply embedded itself into how people access public services here and in Britain, both should be on guard.

The company’s new chief executive Jonathan Lewis dropped high explosives on the market on Wednesday, announcing that profits would be lower than forecast and cancelling a dividend worth about £200 million. If that wasn’t...

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