Company
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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The small-cap firm announced the sale of its 66.67% shareholding in Ask Real Estate Limited (AREL), as well as its 50% interest in Ask Carillion Developments LLP (ACD) to one or more wholly owned subsidiaries of Dukehill Limited
New appointee Davies has been chief executive of Wates since 2014, and prior to that held a series of senior roles with BAE Systems over a 28-year period
Annual revenue is £90mln and the NHS contracts, which run for 14 years on average, are profitable, added Serco
Carillion revealed that it had signed a head-of-terms agreement to sell a large part of its UK healthcare business to outsourcing company Serco Group for £50.1mln
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
Serco's chief operating officer, Ed Casey, wants to return home to the US after four years commuting across the Atlantic
Russ Mould, investment director at AJ Bell pointed out that a cursory glance at August’s interim results from Interserve PLC would have given both investors and the group’s new boss, Debbie White “a clear indication of the risks and challen
UBS has downgraded its rating on G4S but upgraded sector peer Serco
“Notwithstanding the well-flagged decline in profits compared with the first half of 2016, trading in the first half of 2017 keeps us on track to achieve our expectations for the full year”
Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
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Next is expected to shine in its second quarter trading update
The FTSE 250-listed firm said it expects to report first-half revenue of approximately £1.5bn, around an 8% decline on a year earlier.
The UK blue chip index is fell 9 points to 7,340.30 in late afternoon trading
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Day ahead: trading updates due from Serco PLC, Trinity Mirror PLC ...
The FTSE 250-listed firm has signed the contract and completed financial agreements to operate the New Grafton Correctional Centre (NGCC) in New South Wales
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
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Russ Mould, investment director at AJ Bell, said: “Investors are clearly deciding that the Mitie numbers are so bad that they cannot get worse and that if they cannot get worse then they can only get better”
Serco’s trade-off between risk and reward has improved over the past year as the outsourcer edges back towards revenue growth, according to Barclays
The contract to operate the New Grafton Correctional Centre (NGCC) in New South Wales is expected to commence in 2020.
"The road back to prosperity was always going to be long and winding, with many potholes and boulders," said CEO Rupert Soames
