Brexit Spending Slowdown Hits U.K. Contractors Capita, Mitie

  • London congestion charge operator cites delays, spending cuts
  • Shares plunge as much as 31% after similar drop at rival Mitie

Capita, which runs London’s congestion charge, plunged Thursday after it said earnings will miss estimates because of a slowdown in business since the vote.

Source: Getty Images

Brexit is taking its toll on U.K. outsourcing companies as clients put spending on hold in the wake of the country’s vote to leave the European Union.

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