Serco wins largest ever contract from UK government worth £1.9bn
The government is paying big bucks to Serco to manage 5,000 properties occupied by asylum seekers who are waiting for their claims to be processed
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.
179 stories · page 5 of 9
Serco upgraded to ‘Hold’ by Peel Hunt as it ups EPS forecasts on back of lower tax rate
The broker forecast EPS for the full year at 5.2p, with the primary driver being a lower effective tax rate which fell to 25% from 29% reflecting an “improvement in and mix of profitability”
Serco shares jump as it maintains upgraded 2018 guidance after strong order intake
“We expect to deliver another year of strong order intake in 2018, driven in particular by our international businesses ..." said chief executive Rupert Soames
Investments and investor services
FTSE 100 reverses into close to finish lower as ECB ends QE stimulus program
FTSE 100 closed the day down; Mid-cap cousin FTSE 250 was also off - down over 170 points
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Can Sports Direct avoid the high street gloom when it updates the market on Thursday
Sports Direct and Ocado will be the next retailers in the spotlight as they both update the market.
Serco inks £135mln in contract extensions with Peterborough and Lincolnshire councils
The new extensions, worth £105mln and £30mln respectively, involve the provision of customer services, IT, and payroll functions
Serco upgraded to ‘Sector Perform’ by RBC as it now sees 2019 forecasts as “achievable”
The Canadian bank said with the 2019 forecasts the risk of “short-term disappointment” was low, adding that it expected an in-line update from the outsourcer on Thursday
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All eyes on UK parliament as Brexit deal circus reaches final act
Aside from the crucial Brexit vote, the Week Ahead will also bring UK labour market data, an ECB council meetings and updates from TUI, WPP, Dixons Carphone, Superdry, Ocado and BAT
Interserve moves to reassure investors as ex-shareholder claims it ‘could be next Carillion’
The “large”, unnamed ex-shareholder told the BBC that he wasn’t sure Interserve could survive much longer without a fresh injection of cash, which he doesn’t think will be forthcoming
Investments and investor services
FTSE 100 keeps nose above water to finish in positive territory
Footsie finished Wednesday nearly eight points higher at 6,962.
Investments and investor services
Barclays treading water as activist investor pressure builds
The third quarter banking results season is upon us and Barclays is set to open the batting, more in the style of Keaton Jennings than Alastair Cook, according to many pundits
Archive
Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Serco shares soar after Citi upgrades on forecast-beating profit expectations
Citi analysts expect Serco to deliver £10mln of further cost savings in 2019 after its better-than-expected cost-cutting led it to boost its 2018 profit outlook
Outsourcer Serco sees forecast beating annual profits
The company expects annual trading profit to come in at between £90mln and £95mln, up from previous guidance of around £80mln
Serco revenues dip again as contracts unwind
Contract attrition was cited for the drop in sales to £1.37bn
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FTSE 100 joins European stocks to close lower as trade worries weigh
FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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Bank of England widely expected to hike rates but will the decision be unanimous?
A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
Capita's contract with NHS England a 'shambles', say MPs
Capita apologised for “unacceptable failings" in relation to the delivery of its contract with NHS England
Capita weak on report UK MoD has suspended military firefighting services contract award
Reuters said the Capita contract suspension was made after the FTSE 250-listed firm’s rival Serco PLC began a legal challenge to the MoD decision
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FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770