London close: Stocks fall after better-than-expected US payrolls
10th Jan 2025 16:11
(Sharecast News) - London stocks ended the week lower, with investors reacting to a better-than-expected US nonfarm payrolls report during the afternoon.
Read moreJefferies downgrades Serco to 'hold' on lack of growth potential
10th Jan 2025 08:52
(Sharecast News) - Serco's share price was under pressure on Friday after analysts at Jefferies lowered their rating for the public sector-focused outsourcing group from 'buy' to 'hold', citing headwinds to earnings momentum.
Read moreLondon close: Stocks slip as BoE holds rates steady
19th Dec 2024 17:07
(Sharecast News) - London stocks closed sharply lower on Thursday, as investors digested a slew of central bank decisions across the globe.
Read moreSerco flags underlying profit growth, confidence in 2025
19th Dec 2024 07:16
(Sharecast News) - Outsourcing giant Serco forecast full-year revenue of £4.8bn in an update on Thursday, in line with its prior guidance but reflecting an organic revenue decline of 3%.
Read moreLondon close: Stocks mixed as US payrolls beat expectations
6th Dec 2024 15:43
(Sharecast News) - London's stock markets closed on a mixed note on Friday, with investors reacting to a stronger-than-expected US non-farm payrolls report and corporate deal activity driving selective gains.
Read moreShoreCap 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.
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