Hammond wants more public sector spending cuts
1st Aug 2018 11:38
(Sharecast News) - The chancellor has told government departments to prepare for further spending cuts before next year's spending review, putting him at odds with cabinet members who want to ease austerity.
Read moreSerco reiterates 2017 outlook, wins contract with Barts Health NHS
1st Dec 2016 07:46
(ShareCast News) - FTSE 250 service company Serco reiterated its outlook for next year as it said it should move into the 'growth' phase of its transformation plan in 2018 and announced a £600m contract with Barts Health NHS Trust for the provision of soft facilities management services. Serco expec
Read moreFTSE 250 movers: Opec outperformers offset housing and outsourcing slips
29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
Read moreSerco the preferred bidder for Barts Health Trust's procurement service
22nd Sep 2016 12:29
(ShareCast News) - FTSE 250 public service provider Serco is the preferred bidder for an east London hospital's procurement services, which has an estimated value of up to £600m over 10 years. There is a mandatory standstill period following the Barts Health NHS Trust's decision to appoint Serco the
Read moreTuesday share tips: IMI, Serco
5th Aug 2016 13:03
(ShareCast News) - IMI stands to prosper when recovery returns - following efforts by the company over the past few years - but that prospect now looks more distant, the Financial Times´s Lex column said. The industrial flow control specialist´s first half numbers suggested chief Mark Selway´s ob
Read moreSerco surges as it swings to H1 profit, lifts guidance
4th Aug 2016 08:22
(ShareCast News) - FTSE 250 outsourcing group Serco said it swung to a profit in the first half as it lifted its guidance for the year. For the six months to the end of June, the company swung to a pre-tax profit of £58.1m from a loss of £16m in the same period last year, even though revenue dropped
Read moreSector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
Read moreTrains companies will face fines for delays of even one minute
21st Jun 2016 10:46
(ShareCast News) - Train companies will be fined if their services run even one minute later than scheduled in a government effort to restore confidence in the rail network, according to reports on Tuesday. Future rail franchises will include rules that will impose penalties or dock funding from ope
Read moreDirectors dealings: Serco boss picks up stock after poor run for share price
2nd Jun 2016 17:38
(ShareCast News) - Rupert Soames, Serco´s boss, picked up a large amount of shares in the company he captains. The outsourcing group´s share price had risen against a falling market year-to-date, following a very poor performance over the past three years. On 25 May, the company said it expected un
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreThursday newspaper share tips: Dixons Carphone, Serco
26th May 2016 15:56
(ShareCast News) - Dixons Carphone's drive to close its weakest stores helped its comparable-stores sales growth in the April quarter, but there is much more to its success, writes the Financial Times' Lex column. The mobiles, appliances and computers purveyor posted April-quarter comparable-store s
Read moreSerco sees full-year profit ahead of market expectations
25th May 2016 08:12
(ShareCast News) - Shares in Serco surged on Wednesday after the FTSE 250 outsourcing company said it expects underlying trading profit for 2016 to be ahead of current market forecasts following a stronger-than-anticipated start to the year. The company said the first four months of the year had bee
Read moreFriday broker round-up
20th May 2016 14:32
(ShareCast News) - Exova Group: Goldman Sachs reiterates buy with a 195p target. Grainger: Jefferies retains buy with a 215p target. Thomas Cook: JP Morgan keeps at neutral with a 90p target and Goldman Sachs reiterates sell with a target price of 72p. Serco Group: JP Morgan reiterates neutral wit
Read moreSerco wins Australian icebreaker ship contract
28th Apr 2016 07:56
(ShareCast News) - Serco has won a £160m contract to design, build and operate the new icebreaker research and supply vessel for the Australian Antarctic mission. The FTSE 250 outsourcing group said the contract was to manage the four-year design and build phase, followed by a 10-year operation and
Read more