Capita wins £500m MoD contract despite being 'high risk'

Capita has landed a new £500million contract from the Military of Defence (MoD) to run its UK military fire and rescue services – despite a report finding the outsourcer has the highest possible risk rating.

A financial assessment by Company Watch found that Capita scored 10 out of 10 for risk – the highest on the scale for financial distress – The Financial Times reports.