All the updated news related to outsourcing

All the news related to outsourcing updated in real time

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City

Capita boss hails transformation as revenue grows for first time in years

The boss of Capita hailed the transformation of the company as it posted its first rise in revenue in six years. Jon Lewis said the business is paying down its debt, has dealt with its pension deficit, and has regained the trust of clients. He told ...

10 Mar 2022 at 09:25

City

Boss who led Serco through decade-long turnaround to step down

The grandson of Sir Winston Churchill, Rupert Soames, is to step down from his role leading Serco, a company that holds millions of pounds worth of contracts with the Government. The chief executive said “it is now time to outsource myself” after ...

12 Sept 2022 at 09:21

City

Capita reveals cyber attack set to cost it up to £20m

Outsourcing firm and government contractor Capita has revealed it will take a hit of up to £20 million from a recent cyber attack that saw some customer, supplier and staff data accessed by hackers. The group, which is a major contractor for ...

10 May 2023 at 08:06

City

Bunzl increases earnings outlook as cost inflation eases

Distribution and outsourcing group Bunzl has increased its full-year earnings guidance thanks to easing cost pressures and self-help action to boost profitability. The group posted a 4% rise in underlying pre-tax profits to £395.6 million ...

29 Aug 2023 at 08:09

Scotland

Hospitals spend more than £46m outsourcing radiology due to staff shortages

Scottish health boards have spent more than £46 million outsourcing radiology services over the last five years, figures obtained by Scottish Labour show. Data released to the party under freedom of information legislation showed a total ...

17 Jul 2023 at 00:01

Mick Lynch calls on Labour Party to tackle outsourcing contracts

Companies exploiting workers through outsourcing contracts are among the visitors to the Labour Party’s annual conference, a union leader has claimed. Mick Lynch, general secretary of the Rail, Maritime and Transport union (RMT), called ...

09 Oct 2023 at 17:08

City

Capita sells £60m stake in Government joint venture

Capita has agreed to sell its controlling stake in environmental research business Fera Science to UK private equity firm Bridgepoint. The outsourcing giant said it has sold its 75% stake in Fera for an enterprise value of £60 million, ...

04 Dec 2023 at 07:53

City

Capita sheds debt and sees revenues grow on new contract wins

Outsourcing giant Capita has seen its revenues lifted by its contract with the Royal Navy, with debts slimmed as it shed an area of the business. The firm reported 2% adjusted group revenue growth in the 11 months to November 30 in ...

13 Dec 2022 at 09:26

City

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

Outsourcing firm Capita has unveiled fresh cost-cutting plans worth £250 million as it targets savings from the use of artificial intelligence (AI) and staff leaving voluntarily. Shares in the firm were down by a tenth on Tuesday ...

17 Dec 2024 at 12:55

City

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

Investors in two of the UK’s biggest outsourcing companies will be hoping the firms can provide reason for optimism next week as they face challenges in the sector and higher costs next year. London-listed firms Capita and Serco ...

13 Dec 2024 at 15:34

City

Capita eyes £250m savings from AI and staff leavers

Outsourcing firm Capita has hiked its cost-saving target as it expects to shed around a fifth of staff who leave voluntarily while ramping up the use of artificial intelligence (AI). The major contractor for the Government and ...

17 Dec 2024 at 08:10

City

Outsourcer Serco hails strong momentum after rise in new orders

Government outsourcer Serco said it has seen strong momentum over the second half of 2024 on the back of rising orders. It indicated that its strongest pipeline of new business for “more than a decade” will help offset the ...

19 Dec 2024 at 11:16

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