Serco brings back the dividend after cashing in with test & trace
The controversial outsourcing company, heavily criticised for its handling of the UK’s Test & Trace coronavirus programme, last paid a dividend to shareholders in 2014
Company
Serco Group PLC
LON:SRP
Serco Group PLC supports governments, agencies and companies by offering operational, management and consulting expertise in the aviation, defense, education, health, home affairs, local government, nuclear, science, technology, transport and commercial sectors.
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Serco bolsters US defence business with US$295mln WBB acquisition
“WBB takes our North American defence revenues to around US$1.1bn and gives us credible positions in other parts of the market"
Serco Group confirms profits to soar helped by Test and Trace contract
Serco will pay a bonus of £5mln or £100 each to staff for their efforts over the past year but there was no dividend
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Serco may leave investors hanging whilst COVID tracing make headlines
Serco is among fewer names in the diary as Christmas gets ever closer, though attentions will also be on the Bank of England.
Serco Group confirms loss of UK nuclear warheads contract
The outsourcing group has been part of a consortium handling the contract since the year 2000
Serco ups profit guidance, mulls restarting dividend payments after UK test and trace contract extended
The extensions to its contracts to provide test sites and call handlers for test and trace are “an indication of our customer's satisfaction with the quality of work we have delivered”, the outsourcer said
Serco taps US private placement market
The company has raised £154mln through the issue of loan notes at a lower interest rate than its current loan notes, which are set to mature next year
Serco sinks amid uncertain outlook despite profit surge in first half
The company said uncertainty in its business is “likely to persist well into 2021” as the fallout from the pandemic continued
Serco a ‘unique asset’ exposed to international government contracts, says Berenberg
The broker also said rising defence spending “in line with deteriorating geopolitics" should provide the company with “attractive avenues for growth”
Serco reinstates full year guidance following strong first half performance
The outsourcing firm said its first-half performance had been driven partially by the Naval Systems Business Unit purchased from Alion in North America last August
Serco expects “continued demand” amid coronavirus pandemic
The public services group will not propose a final dividend for 2019 to save cash
Serco Group wins Perth hospital contract extension
Rupert Soames, chief executive, said: "Fiona Stanley Hospital is an outstanding facility delivering a world-class service.
Serco reinstates dividend as orders flood in
Revenues at the outsourcer jumped by 15% to £3.25bn, while profits were 9% higher at £80.7mln.
Serco wins contract to manage Gatwick immigration removal centres
The outsourcer, which has experience running immigration centres in the UK and Australia, says the contract will begin on 21 May
Serco confident growth will carry over into 2020
Revenues this year to December will grow 14% while underlying trading profits will improve by 30%
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
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Lloyds to post weaker profits as PPI claims deadline looms
The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
MoD to pay Serco £10mln to settle legal dispute over contract awarded to Capita
Serco said the agreement will allow the MoD to move forward with modernising the fire and rescue service
Serco pays £19.2mln to draw line under electronic tag scandal
A Serco subsidiary understated how much it was earning from an electronic tag contract with the Ministry of Justice for a period up to 2013
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e-therapeutics jumps as share overhang created by Woodford’s need to liquidate assets further cleared
A look at some of the biggest risers and fallers in London on Thursday