London pre-open: Little change ahead of quiet session
4th Jul 2014 07:44
UK-listed companies are expected to edge slightly lower at the opening bell following yesterday's data-heavy session and ahead of a much quieter day today. The session will see little in the way of either company or economic news, compounded by the absence of US trading to mark the Fourth of July
Read moreKeolis Amey Docklands beats Serco and Stagecoach to DLR deal - UPDATE
4th Jul 2014 07:16
A consortium including the UK arm of French railway SNCF and support services group Amey has won the contract to run London's Docklands Light Railway, beating off competition from support services group Serco and transport group Stagecoach. Transport for London (TfL) said it had chosen Keolis Amey
Read moreLondon pre-open: Quiet start ahead of 'noisy' day
3rd Jul 2014 07:40
Investors are holding their breath ahead of today's torrent of economic data and events as they await firm direction following yesterday's quieter session. City sources predict the FTSE 100 will open around five points higher than yesterday's close of 6,816.37. The main release today is the month
Read moreSerco trading in line despite problems
3rd Jul 2014 07:10
- Trading in line with expectations - Strategy Review proceeding according to plan - Financial position steady Government outsourcing group Serco said, while difficulties continue on some contracts, overall its trading and financial position has been in line with expectations since its last update
Read moreSerco to shake up Africa, Middle East and Asia business
18th Jun 2014 07:43
Troubled support services group Serco is launching a shake-up of its Africa, Middle East, Asia and Australasia (AMEAA) business and pledged to go solo in a bid for a UK rail franchise. Serco, which has been hit by a controversy over prisoner tagging in the UK, plans to close a regional office in Ho
Read moreAggreko names Centrica director Weston as new CEO
29th May 2014 07:32
Aggreko, the temporary power and temperature control services group, has appointed Centrica board member Chris Weston as its new Chief Executive Officer (CEO). Weston, currently Managing Director of Centrica's International Downstream division, will replace Aggreko's interim CEO Angus Cockburn who
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreSerco takes over Caledonian Sleeper franchise from FirstGroup
28th May 2014 07:32
Serco has been selected to manage the new 15-year franchise for the Caledonian Sleeper service between London and several Scottish cities. From April 1st 2015, the company will take over from FirstGroup which currently operates the service through its ScotRail franchise. Transport Scotland announc
Read moreSunday newspaper round-up: Intercontinental Hotels, George Osborne, AstraZeneca
25th May 2014 09:42
Intercontinental Hotels has turned down a 6bn pounds takeover approach from an unnamed investment fund, the Sunday Times reported. The approach is said to have been made in the last three weeks but the board thought it was too low to consider. City sources think the group could now be a target for a
Read moreBroker tips: IAG, Serco, Grafton, Tullett Prebon
9th May 2014 12:39
British Airways and Iberia owner IAG is 'clearly making progress', according to Hargreaves Lansdown Stockbrokers which said that reduced losses in the first quarter were better than forecast. Hargreaves said that hopes of a return to a payment of a dividend "are moving onto the agenda". It added: "
Read moreUBS downgrades Serco to 'sell' on earnings uncertainty
9th May 2014 09:29
UBS has cut its recommendation for Serco from 'neutral' to 'sell', saying that the stock's valuation does not reflect the uncertainty surrounding the outsourcing group's earnings. The bank has slashed its target price for the stock by 25% from 400p to 300p. Since Serco's new guidance on April 30th
Read moreFriday broker round-up UPDATE
9th May 2014 08:44
Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f
Read moreWednesday broker round-up UPDATE
7th May 2014 08:35
Balfour Beatty: Jefferies reduces target price from 403p to 233p downgrading to hold. Deutsche Bank cuts target price from 280p to 250p and leaves its hold recommendation unchanged. Numis reduces target price to 260p and retains an add rating. Barclays: Deutsche Bank lowers target price from 320p t
Read moreNew Serco CEO Soames marks arrival with large share purchase
6th May 2014 15:51
Rupert Soames, who last week took up the role of Chief Executive Officer at embattled Serco Group, has given a show of faith in his own leadership - and taken advantage of the latest dip in its share price - with the purchase of 242,000 shares at 354.30p a share. The £857,406 deal gives a show of f
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
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