London pre-open: FTSE to open lower as hurricane closes NYSE
29th Oct 2012 07:25
City sources predict the FTSE 100 will open down 12 points from Friday's close of 5,807, hit by the news that Wall Street will be shut ahead of 'superstorm' hurricane Sandy, which is expected to hit Wall Street in the next few hours. With stock markets, derivative exchanges and the larger of the U
Read moreSerco to partner AEGON in UK zombie funds maintenance
29th Oct 2012 07:01
Serco Group, the international service company, has signed a contract for an outsourcing partnership that will provide customer contact and support services for AEGON, the Dutch life and pensions company. The contract starts on November 1st and marks Serco's entry into this segment of the financia
Read moreContract wins round-up: Summit, Pinnacle, Eckoh
11th Sep 2012 09:49
UK drug discovery company Summit has signed a technology licensing agreement with US pharmaceuticals colossus, Bristol-Myers Squibb. The US firm will use use Summit's proprietary Seglin technology to identify and develop drug candidates for up to ten targets across multiple therapeutic areas. Summi
Read moreLondon pre-open: Germany´s CC will not delay ESM decision
11th Sep 2012 07:26
City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,793. Dragging on markets, surely, is the uncertainty in Germany, where just last night the entire future of the Eurozone's bailout mechanism was thought to hang in the balance. The nation's Constitutional Court
Read moreSerco wins Kiwi gaol contract
11th Sep 2012 07:12
Outsourcing firm Serco Group is part of a consortium chosen to provide and operate a new prison to be built at Wiri, South Auckland, New Zealand. The prison is set to open in mid-2015, and Serco will operate the prison for 25 years. Its partners in the consortium include Fletcher Construction, John
Read moreAussie tax man renews Serco contract
10th Sep 2012 10:52
Outsourcing titan Serco has renewed its business process outsourcing contract with Australian tax man. The five-year contract is worth $A140m ... before tax, which is around £90m in sterling. The contract has two one-year extension options and is worth about the same as the contract it replaces. U
Read moreLondon close: Footsie at five-week low ahead of ECB decision
5th Sep 2012 16:17
- FTSE 100 closes at lowest level since late July - Eurozone newsflow mixed ahead of ECB meeting - Global slowdown fears weigh on sentiment Mixed remarks from Eurozone officials prompted a volatile day of trade on London's stock market on Wednesday as eyes remain fixed on tomorrow's policy rate dec
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreThursday tips round-up: Serco and Ophir Energy
30th Aug 2012 07:04
The Questor column in The Telegraph may have labelled outsourcing group Serco a 'hold', but has highlighted that while yesterday's first-half numbers were mixed, the underlying message was generally positive for the medium term. The firm's numbers are starting to show evidence of outsourcing opport
Read moreLondon close: Markets nervous ahead of Jackson Hole
29th Aug 2012 16:39
- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c
Read moreSerco relishing public sector cuts
29th Aug 2012 15:59
To some firms government cuts spell disaster as austerity drives slash services that are deemed unnecessary or too expensive, but if you're in the business of supplying something for less than it currently costs, then these cuts can mean a bonanza. This is very much the case for Serco. Its managem
Read moreFTSE 100 movers: Ex-divi stocks weigh on index
29th Aug 2012 14:48
Ex-dividend stocks were providing a drag today, including heavyweights Croda International, Glencore, Legal and General and Xstrata. Glencore and Xstrata were also being pressured lower by reports that Xstrata shareholder Norges Bank Investment Management has raised its stake in the miner in the l
Read moreLondon midday: Markets look to Jackson Hole for boost
29th Aug 2012 11:37
- Greece agrees on budget plan - Spain a concern as Catalonia in need of aid - Markets look ahead to Jackson Hole meeting The Footsie remained firmly in the red in morning trade as concerns over the Eurozone and speculation about the upcoming Jackson Hole meeting in Wyoming continue to be the focus
Read moreLondon open: Glencore leads fallers early on
29th Aug 2012 08:25
- Spain a concern as Catalonia needs aid - Markets await Bernanke - Ex-div Glencore a heavy faller early on Ex-div stocks and miners were weighing heavily on the FTSE 100 index in early trading on Wednesday morning with worries about Spain weighing on sentiment. It was revealed yesterday that the
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