Capita in focus after Goldman Sachs moves to "Not Rated"...

Monday, 16 July 2018, 11:19 pm

Goldman Sachs this evening restricted its equity research team from publishing a rating on Capita, according to sources familiar with the situation.

It's well known the Wall Street bank has been advising Capita and its (newish) chief executive, Jon Lewis, on the company's £700 million rights issue and the £700 million disposal programme, including the recent sale of parking management company Parkingeye to Macquarie and MML Capital for £235 million.

So, people who follow these type of things thought the timing of this evening's restriction is a bit curious...

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