Back-office firm says accelerated growth in 2007 means it will post strong full year results

Back-office firm Capita has said it expects to post strong results for the full year after 鈥渁ccelerated鈥� growth since its interim results in July.

In a trading update, the group said it had won contracts worth 拢1.8bn so far in 2007, up from 拢1.37bn in 2006 and that businesses were performing well.

It added that it had signed two 鈥渟ignificant鈥� contracts for outsourced services for Co-operative Insurance and Prudential UK since July.

It said: 鈥淲ith the excellent revenue visibility that we enjoy, we are confident we will deliver a strong performance in 2007 and 2008 and we have a good pipeline of opportunities to fuel growth beyond this.鈥�

The group said a key part of its growth strategy was the acquisition of small to medium sized companies. It has purchased 12 companies so far this year at a cost of 拢115m.

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