ShoreCap downgrades Serco to 'hold'
13th Nov 2024 12:23
(Sharecast News) - Shore Capital downgraded Serco on Wednesday after the outsourcer said last week that it had lost its long-running Australian immigration detention centres contract and estimated that changes to employer national insurance contributions would increase labour costs by £20m a year.
Read moreSerco loses £165m Australian contract, estimates big hit from NI tax changes
8th Nov 2024 07:35
(Sharecast News) - Public sector-focused outsourcing group Serco issued a double whammy of bad news for investors on Friday, revealing that it has not been reselected for it long-running Australian immigration detention centres contract, and estimating changes to employer national insurance contributions will increase labour costs by £20m a year.
Read moreLondon close: Stocks mixed as investors look to Jackson Hole
22nd Aug 2024 15:31
(Sharecast News) - London's stock markets closed on a mixed note Thursday, as traders remained cautious ahead of a speech from Federal Reserve chair Jerome Powell.
Read moreSerco wins $320m US space base contract
22nd Aug 2024 07:18
(Sharecast News) - Serco has been awarded a $320m contract by the US Army Corps of Engineers (USACE), it announced on Thursday, to modernise the electrical infrastructure at the US Space Force's Pituffik Space Base in Greenland.
Read moreLondon close: Stocks finish lower as oil prices retreat
20th Aug 2024 15:33
(Sharecast News) - London's stock markets ended the day in negative territory on Tuesday, pressured by declines in energy stocks as oil prices fell.
Read moreRBC hails "underappreciated" growth potential at Serco
20th Aug 2024 09:35
(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' call on Serco Group, saying the essential public services providers' strong execution and prospects are currently "underappreciated" by the market.
Read moreJPMorgan reinstates coverage on Serco at 'overweight'
5th Aug 2024 07:53
(Sharecast News) - JPMorgan Cazenove reinstated coverage on Serco on Monday with an 'overweight' rating and a target price of 215p.
Read moreLondon close: Stocks slide as Bank of England trims rates
1st Aug 2024 16:09
(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, as investors digested the Bank of England's decision to cut interest rates for the first time in four years.
Read moreSerco H1 revenue and profits decline, maintains FY guidance
1st Aug 2024 11:32
(Sharecast News) - Shares in public services provider Serco were in the red on Thursday after the group revealed that both revenue and profits had fall in the six months ended 30 June.
Read moreLondon close: Stocks mixed ahead of key UK, US data
27th Jun 2024 15:48
(Sharecast News) - London stocks ended Thursday's trading session with a mixed performance as market participants awaited crucial US inflation data and UK GDP figures set to be released later in the week.
Read moreSerco lifts full-year profit guidance after 'good' progress in H1
27th Jun 2024 07:20
(Sharecast News) - Serco lifted its full-year profit guidance on Thursday following "good" progress in the first half.
Read moreLondon close: Stocks finish positive as US inflation moderates
29th Feb 2024 16:05
(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.
Read moreSerco sees lower revenue, profits up in 2024
29th Feb 2024 08:06
(Sharecast News) - Government contractor Serco said it expected slightly lower revenues this year and a 5% rise in profit as 2023 earnings rose 25%.
Read moreSerco ordered to cease using facial recognition on workers
23rd Feb 2024 12:47
(Sharecast News) - UK government contractor Serco has been ordered to to stop using facial recognition technology to monitor the attendance of employees at leisure centres it operates.
Read moreLondon close: Stocks finish higher as US inflation cools
26th Jan 2024 16:21
(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.
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