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Best Practice Group published an article on 23 January 2015 entitled “Capita doubles profits, but runs short on cash. Protect your outsourcing relationship from struggling suppliers” and an article on 4 February 2015 entitled “Capita withdrawing from the public sector? 5 key steps to protect your interests. Protect your outsourcing relationship from struggling suppliers.”
Best Practice Group placed reliance on information provided by third parties and is now aware that these articles contained inaccurate and misleading statements about Capita’s financial health, its alleged intention to withdraw from the public sector and its anticipated inability to fulfil its contractual obligations to its existing customers. Best Practice Group now accepts that these two articles contained erroneous and misleading statements which ought never to have been made. Best Practice Group unequivocally and unreservedly apologises to Capita for this inadvertent error.