London pre-open: FTSE to fall ahead of European summit
23rd May 2012 07:30
City sources predict the FTSE 100 will open down 63 points from yesterday's close of 5,403, tracking Asian stocks lower as hopes of action from a meeting of European leaders being held later today fade. The drop puts an end to what had been a strong start to the week. UK banking titan Barclays ha
Read moreAMEC goes after Serco business
23rd May 2012 07:06
International engineering company AMEC announced it was in discussions to buy Serco's nuclear Technical Consulting Services (TCS) business. TCS works primarily with the UK civil and defence nuclear markets and has annual revenues of approximately £70m. The deal was confirmed in a separate announc
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreLondon midday: Footsie down nearly two per cent on Greek uncertainty
14th May 2012 11:51
- Risk-off as Greek exit speculation weighs on sentiment - Eurozone finance ministers to focus on Greece, Spain and growth - Banks, miners lead the fallers on the Footsie The FTSE 100 index traded broadly sideways in morning trade, holding on to the steep losses seen in the opening hour on the back
Read moreLondon open: Stocks sink on Greek exit speculation
14th May 2012 08:33
- Political uncertainty in Greece, Germany weighs on sentiment - Officials consider Greek euro exit - Banks, miners drag on the FTSE 100 European equity markets were a sea of red on Monday morning as continuing concerns over the political situation in Greece fuelled a sell-off early on. The Footsie
Read moreLondon pre-open: Sharp decline expected on Greek woes
14th May 2012 07:28
City sources predict the FTSE 100 will open down 51 points from Friday's close of 5,576, despite strong gains in Asia over China's decision to lower the reserve requirements for banks by 50 basis points. Investors are likely to continue feeling concerned over events in Greece, where it is currently
Read moreUS headwinds to weigh on Serco's first half
14th May 2012 07:08
Outsourcing specialist Serco says it is on track to meet its 2012 full-year expectations but has warned that its first-half performance will reflect the challenging environment in the US. The firm has been awarded £3.9bn of contracts in the year-to-date, comprising signed contracts valued at £2.9bn
Read moreSerco to carry on managing nuclear bomb facilities
11th May 2012 07:16
International services firm Serco is to retain its contract to manage and operate the UK Atomic Weapons Establishment - the arm of the military which builds and maintains Britain's nuclear warheads. Serco has had the contract since 2000 - it is worth around £300m per year and the extension will run
Read moreSerco to handle customer contact for Shop Direct
9th May 2012 15:35
Outsourcing specialist Serco is set to put pen to paper on a business process outsourcing (BPO) contract with online and home shopping outfit Shop Direct Group. The ten-year contract will start on July 1st 2012 and has a total estimated value to Serco of around £430m. Serco will assume responsibil
Read moreSerco off to the Orkney and Shetland islands
4th May 2012 15:40
Serco Group, the international service company, has been selected as preferred bidder by Transport Scotland for a new contract to deliver lifeline ferry services to the Northern Isles. The contract, which is expected to be signed in the coming months and is due to start in Summer 2012, has a tota
Read moreSerco signs operational agreement for NHS partnership
16th Apr 2012 13:16
Outsourcing specialist Serco Group has signed an agreement to operate the Anglia Support Partnership (ASP), which includes six partnering NHS organisations. As part of the establishment of the strategic partnership Serco will acquire the assets of Anglia Support Partnership from the partner, for w
Read moreFTSE 100 movers: Randgold rises on Mali settlement
10th Apr 2012 15:18
Gold miner Randgold Resources leapt into the top spot after it welcomed the announcement of a political settlement in Mali which will see the lifting of sanctions against the country by its West African neighbours. The stock was bucking the trend though with miners in general leading the decline a
Read moreSerco in box seat for NHS Suffolk contract
22nd Mar 2012 12:07
Outsourcing specialist Serco Group has been selected as preferred bidder for a new contract to provide community health services for NHS Suffolk. The contract, which is expected to be signed in the coming months and is due to start in Autumn 2012, has a total estimated value of £140m to Serco over
Read moreLondon close: Stocks flat as investors digest Budget
21st Mar 2012 16:47
- FTSE 100 unchanged on the day after subdued reaction to Budget - MPC unanimous on interest rates, divided on QE - Weir slumps on negative read-across from Baker Hughes The markets gave a rather muted reaction to today's Budget announced by Chancellor of the Exchequer George Osborne at lunchtime,
Read moreSerco wins Border Agency asylum contract
21st Mar 2012 13:50
Public sector services group Serco has signed a contract with the Border Agency to provide asylum support services in the UK. COMPASS, or `Commercial and Operational Managers Procuring of Asylum Support Services', is a five-year contract worth an estimated £175m, which will see Serco provide accomm
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