Chief exec departure hits Capita shares

<p>Capita stocks fell two per cent after Paul Pindar said he is leaving the firm.</p>

Outsourcing company Capita has seen its share price fall today (November 18th) after long-serving chief executive Paul Pindar stated that he is standing down.

Stocks dropped by two per cent during morning trading but had recovered to be down by just 1.02 per cent at 11:33 GMT.

Mr Pindar's announcement coincided with the company confirming it has secured almost £3 billion of new contracts.

Capita also revealed it remains on target to meet its target of eight per cent organic growth for the full year.

The company said it remains "on track", while Mr Pindar stated that he is leaving Capita in "excellent financial and operational shape".

Stocks in the firm are down around ten points for the day's trading so far, standing at 973.00. The company's share price has a 52-week high of 1.060.00 and have dropped to as low as 709.50 in the last year.

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