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Outsourcing firm Capita has announced a major shake-up as it warned on profits and said it had to change its approach to succeed.New chief executive Jonathan Lewis said the firm had become “too complex” and “driven by a short term focus”.The firm, which issued several profit warnings last year, …

Just weeks after the collapse of Carillion, fellow outsourcer Capita has seen its shares plunge 30% on opening after it warned on profits and announced a transformation plan to shore up its finances. The group – which ditched its chief executive last year following a string of profit warnings …

Thousands of free-to-use cash machines could be closed because of a cut in the fee operators receive from banks each time an ATM is used, the industry has warned. However, the fee will be unchanged for free-to-use ATMs which are 1km or more from the next nearest cash machine.The …

President Donald Trump has proclaimed a “New American Moment” at his first State of The Union address. Speaking to both houses of Congress, Mr Trump took credit for a growing economy fuelled by tax reform and deregulation, and emphasised the need for immigration control, because “Americans are dreamers too”. …

All too often girls in countries across sub-Saharan Africa can be married off an early age, trapping them in a cycle that is almost impossible to escape.They can be held by poverty, sexual and domestic violence, and social stigma.But a charity, Camfed, is working to keep girls in school, …

Media playback is unsupported on your device It is fair to say that businessman Tran Qui Thanh is a colourful character.One of the most successful business owners in Vietnam, every year his company – soft drinks firm THP – holds a televised gala.Broadcast across the country, the 64-year-old sings …

Pity today’s clothes. Like unloved toys, they’re being worn less often than ever.The rise of fast fashion retailers has meant that consumers can buy trendy clothes almost the second they’re designed – and just as quickly move on to the next fad.Most of us try to lessen the guilt …

A man who fell and hit his head after “drinking all night” was correctly refused travel insurance cover, an ombudsman has said.Yet, another man who slipped over in a nightclub’s toilets after a drink while on holiday should have been covered.The cases have been featured by the financial ombudsman …

Car manufacturing in the UK fell last year for the first time since 2009. According to new figures from the Society of Motor Manufacturers and Traders (SMMT), 1.67 million cars left UK factories in 2017, a decline of 3% compared with the year before.The SMMT says lower demand from …

The seaplane that crashed near Sydney on New Year’s Eve killing five Britons and the pilot was off course, according to a report. A preliminary report by the Australian Safety Bureau says the aircraft was “away from the expected and standard flight path”. Richard Cousins, the 58-year-old chief executive …