Serco extends TfL cycle hire contract
9th Jan 2014 09:31
Services giant Serco Group has extended its Transport for London (TfL) contract by another two years, meaning it will now operate the Barclays Cycle Hire Scheme until July 2017. The two-year extension is valued at £38m. Since it was awarded the contract in 2009, Serco has implemented two expansi
Read moreBroker tips: Next, Serco, Asset managers
3rd Jan 2014 11:27
Nomura has upgraded its rating for Next from 'neutral' to 'buy' after a bullish trading update on Friday, saying that the company has shown 'consistent execution'. Its target price for the stock has been hiked from 5,380p to 6,500p. "In our view, Next's strong delivery stems from its high hurdle ra
Read moreBroker snap: Panmure expects 'clean bill of health' for Serco in 2014
3rd Jan 2014 11:01
Panmure Gordon has chosen Serco as a key pick for 2014, saying that it expects the outsourcing company to be given a clean bill of health following a tough year. Analyst Mike Allen said he believes there is scope for Serco to recover some of its "dramatic underperformance from last year" as its rel
Read moreLondon close: Stocks rise as authorities monitor house prices
23rd Dec 2013 16:14
- Cable calls attention to rising house prices in London and South East - John Lewis sees sales pick up in latest week - Economists react positively to personal spending US data Market Movers techMARK 2,761.72 +0.89% FTSE 100 6,678.61 +1.09% FTSE 250 15,741.67 +0.67% The Footsie registered a lar
Read moreFTSE 250 movers: Merlin Entertainments, Serco, Vedanta
23rd Dec 2013 13:57
Merlin Entertainments was pushed lower by news that a blaze which broke out at the Chessington World of Adventures Resort, southwest of London, forced the outfit to close the theme park. Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract exten
Read moreBroker tips: Serco, Berkeley Group, IFG
23rd Dec 2013 13:34
Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract extension with the Minister of Justice (MoJ), according to Panmure Gordon. The service group expanded its contract to build and run an extension to HMP Thameside in south-east London, worth a
Read moreLondon midday: Investors waiting on latest batch of US data
23rd Dec 2013 11:45
- Cable urges BoE to raise interest rates - Strong on-line sales at John Lewis in latest week - US data releases in focus Market Movers techMARK 2,738.07 +0.03% FTSE 100 6,625.19 +0.28% FTSE 250 15,629.66 -0.04% The FTSE 100 was holding moderately higher come midday following a strong close to tra
Read moreBroker snap: Serco a 'buy' after MoJ contract extension, says Panmure
23rd Dec 2013 10:53
Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract extension with the Minister of Justice (MoJ), according to Panmure Gordon. The service group expanded its contract to build and run an extension to HMP Thameside in south-east London, worth a
Read moreSerco wins extension to Australian immigration contract
23rd Dec 2013 07:15
- Secures six-month contract extension with Australian government - Maintained a consistently high performance in 2013 Government contractor Serco said it has secured a six-month extension to its contract with the Australian Government Department of Immigration and Border Protection (DIBP) for the
Read moreFriday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreLondon close: Stocks surge to two-and-a-half-week high after Fed taper
19th Dec 2013 16:31
- FTSE 100 at highest since December 2nd after Fed taper - Fed scales back stimulus, gives guidance on rates - Carnival jumps late on after FY results - Pharmaceutical and life insurance stocks rise techMARK 2,735.02 +1.40% FTSE 100 6,584.70 +1.43% FTSE 250 15,589.95 +1.45% UK stocks surged to a t
Read moreFTSE 250 movers: Serco rallies on UK government deal
19th Dec 2013 14:43
Serco gained after the support services group reached a 68.5m-pound deal with the UK government over its troubled electronic tagging contract. Serco, which has faced a probe into allegations of over-charging for tagging criminals, has agreed a full and final settlement with the Ministry of Justice
Read moreG4S referred to Serious Fraud Office again
19th Dec 2013 13:39
The government has again referred security group G4S to the Serious Fraud Office after a review of outsourcing contracts due to suspected over-charging. As well as several issues identified in a cross-government report into contracts between G4S and rival Serco, a Ministry of Justice audit of G4S c
Read moreSerco reaches 68.5m pounds deal with UK over tagging
19th Dec 2013 13:30
Support services group Serco has reached a 68.5m pounds deal with the UK government over its troubled electronic tagging contract, lifting its shares. Serco, which has faced a probe into allegations of over-charging for tagging criminals, has agreed a full and final settlement with the Ministry of
Read moreBroker tips: GlaxoSmithKline, Serco, Britvic
19th Dec 2013 12:23
Jefferies has maintained its 'hold' rating for GlaxoSmithKline (GSK) after Denmark approved the sale of a generic copy of its top-selling inhaled lung drug, Advair. "Sandoz/Vectura's EU branded generic of Advair/Seretide was anticipated, though the timing was uncertain. Confirmation of its approval
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