MARKET TALK: Serco Contract Win 'Rubber Stamping' - Trader

5th Jul 2010 07:57

0657 GMT [Dow Jones] Serco's (SRP.LN) announcement of a contract with the Ministry of Justice to provide and operate a new prison at Belmarsh West is "rubber stamping," as the deal was previously announced at the preferred bidder stage in June 2009, says a trader. Thinks it has been reiterated in light of all the spending cuts announced, with the company wanting to allay fears. Shares closed Friday at 567p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 05, 2010 02:57 ET (06:57 GMT)

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