MARKET TALK: Serco Group's Update Confirms Guidance - Shore

29th Jun 2010 08:00

0700 GMT [Dow Jones] Serco Group's (SRP.LN) trading update confirms guidance for margins and revenues for the full year to December, says Shore Capital. However, says the details of the new corporate reporting structure, reflects the strong operational progress made in the past couple of years. Adds that management comments on the high revenue visibility present from the order book and the impact of large contracts commencing last year. "With increasing international exposure, we believe the outlook for continued and unbroken strong growth for Serco remains positive," says Shore. Has a buy rating. Shares closed at 624p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 29, 2010 03:00 ET (07:00 GMT)