MARKET TALK: Serco Contract Win Good News - Trader

5th Jul 2010 07:21

0621 GMT [Dow Jones] Serco Group's (SRP.LN) contract with the Ministry of Justice to provide and operate a new prison at Belmarsh West, London, is clearly good news for the company, says a trader, particularly in light of last week's headlines about cuts in the prison budget. Notes the contract is worth GBP415M over 26.5 years. Shares closed Friday at 567p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 05, 2010 02:21 ET (06:21 GMT)

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