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Capita warns on profit as it sets out drastic shake-up

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, …

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Overhaul at Capita as it warns on 2018 profits

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 …

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Trump: No better time for the 'American Dream'

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”. …

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Global brew

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 …

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Things fall apart

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 …

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'Dangerously' drunk tourists may not win insurance claims

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 …

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