Serco grows sales at top end of expectations after five years of decline
The defence contractor and business process outsourcer said revenues for the full year were likely to be towards the top of its £2.9bn-£3bn range
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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's acquisitions and contract wins will be in focus on Thursday
Serco has already flagged that it expects its strong order intake to boost revenue in 2019 after several years of declines.
Builders and building materials
Could Kier become the next takeover target after Babcock rebuffs Serco offer?
Valuations of UK contractors have been squeezed in the past year amid concerns they could face the same fate as collapsed Carillion
Babcock rejects second approach from rival Serco
Babcock said it received an “unsolicited and highly preliminary proposal” from Serco for a potential all-share combination of the two companies.
Peel Hunt upgrades Serco to ‘add’ on the back of “attractive” naval engineering acquisition
The broker said the £173mln acquisition of the Naval Systems Business Unit of defence group Alion, announced last month, would be a “very good fit” for Serco’s existing business
Builders and building materials
Kier gives short-sellers a boost after profit warning sends shares crashing
About 4.75% of Kier’s shares are on loan to short sellers, according to website www.shorttracker.co.uk
Serco upgraded by RBC after acquisition of US naval engineering business
RBC raised its rating on Serco to ‘outperform’ from ‘sector perform’ and lifted its target price on the shares to 150p from 140p.
Is London's fickle funding appetite part of Lasker's 'disastrous' cycle?
Stock market sage Bernard Lasker once said: “I can feel it coming...A whole new round of disastrous speculation, with all the familiar stages in order: blue-chip boom, then a fad for secondary issues, then an over-the-counter play, then a g
Serco launches £130mln cash call to fund acquisition of US naval engineering business
The firm said it would pay US$225mln (£173mln) for the Naval Systems Business Unit of defence firm Alion, which provides services to a number of armed forces including the US and Canadian navies
Serco wins contract with the US Air Force
The US Air Force's NexGen IT programme supports the Air Force Civil Engineering community in its work to improve efficiency and effectiveness
Serco edges higher after winning a contract extension for Dubai Metro
Serco first began operating and maintaining the initial ten stations on the Red Line from the official opening of the Dubai Metro in 2009
Interserve awarded £660mln in public contracts in lead up to collapse, says union
Mitie has reportedly approached Interserve's administrators to express interest in buying the outsourcer's support services arm for between £100mln and £150mln
Serco lands A$115mln contract to manage maximum-security prison Down Under
The contract is for an initial seven years and can be extended by up to five years
Serco Group picks up final salary pension admin contract in US
Contract is worth up to US$200mln and might run for five years
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
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Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
Serco Group adds £560mln Aussie defence contract to workload
Initially to run for six years from July, the contract has up to four one-year extensions.
Serco in talks to become sub-contractor in Bupa deal with Australian Defence Force
Peel Hunt maintained a ‘hold’ rating and target price of 100p on Serco
Serco upgraded to ‘Buy’ by Shore Capital following £1.9bn contract win from UK government
In a note to clients, the broker said the new contracts brought “greater visibility of profit improvement and the return to positive cash generation”
Mears bags £1bn asylum housing contract from UK government
The ten-year contract will see Sears manage thousands of houses occupied by asylum seekers who are waiting for their claims to be processed