RE: H1 Results1 Aug 2023 10:41
I think the market is disappointed to see JL go, albeit with a long handover period. It's akin to David Cameron saying he would continue to lead the country if the UK voted for Brexit & then promptly resigned when it did. Having said that, it seems Adolfo will sharpen up the IT element that so badly let Capita down & with his connections with AWS there could be a greater focus on IT systems & security. The £20m set aside from the hacking incident will, in part, be used to strengthen IT services. Lessons, as usual, will have been learnt. I don't expect dividends until significant FCF but as long as the recovery trajectory is on course, I'll be satisfied.