MARKET TALK: Serco Trading Update Positive; Company On Track

29th Jun 2010 07:34

0634 GMT [Dow Jones] Serco Group's (SRP.LN) pre-close trading update is positive, according to an analyst, confirming a good first-half and that the company is on track to deliver guidance for this year. The outlook statement looks confident too, and the analyst also notes the substantial order book, new contract wins along side the scale and scope of existing contracts. Thinks outsourcing opportunities in the public sector as a result of the UK government's deficit reduction strategy will also be a positive. Shares closed Monday at 624p.([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 29, 2010 02:34 ET (06:34 GMT)