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Stock Markets May 18, 2026 09:55 AM

Capita shares jump after solid trading update and Oasis-linked board appointment

Operational gains and a governance change tied to a major investor helped lift the stock, while management prioritises higher-margin public service and pension work

By Jordan Park
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Summary: Capita Plc shares rose sharply after the company released a trading update covering the four months to 30 April 2026 that showed revenue growth and contract wins, and announced the appointment of a Non-Executive Director linked to a significant shareholder. Management reiterated a strategy to concentrate on higher-margin public service and pension activities while moving away from lower-return private contact-centre operations.

Capita shares jump after solid trading update and Oasis-linked board appointment
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Key Points

  • Capita reported adjusted Group revenue up 2.9% in the first four months of 2026 versus the prior year and contract wins of over
  • Management is concentrating on higher-margin public service and Pension Solutions work while exiting lower-return private contact-centre operations, a strategy presented as central to margin and free cash flow improvement.
  • A governance development - the appointment of Daniel Wosner as a Non-Executive Director, effective from the conclusion of the AGM - was noted alongside the operational update; Wosner is Managing Director and Head of Europe at Oasis Management, which holds a 15.21% stake in Capita.

Capita Plc saw its shares climb sharply, up 7.14% to trade at 337.5p, following a trading update that covered the first four months of 2026 through 30 April. The company reported encouraging operational momentum across its principal divisions and provided fresh detail on both performance and governance.

Chief Executive Adolfo Hernandez said: "We have made positive progress in the first four months of the year, with adjusted Group revenue up 2.9% compared to the same period last year, in line with expectations." The update also disclosed that total contract value won by the Group in the first four months of 2026 exceeded >Over > '>

Risks

  • The contact-centre business sale is described as pending; the update notes expected benefits but the timing and completion of that sale are not detailed, creating execution uncertainty for margin expansion and free cash flow outcomes.
  • A material portion of Group revenue - Capita Public Service at 81% - is sensitive to volumes on Central Government contracts, so changes in those volumes could affect reported growth dynamics.
  • The governance change is linked to a major shareholder (Oasis Management with a 15.21% stake); while investors welcomed the appointment, the longer-term implications of this ownership influence on strategic direction are not spelled out in the update.

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