Serco to buy US defence business WBB for $295m
16th Feb 2021 07:51
(Sharecast News) - FTSE 250 outsourcer Serco has agreed to buy Whitney, Bradley & Brown (WBB), a provider of advisory, engineering and technical services to the US military, for $295m from an affiliate of private equity firm H.I.G. Capital.
Read moreBofA stays at 'buy' for Serco, spies upside from Brexit and global defence
17th Dec 2020 15:27
(Sharecast News) - Analysts at Bank of America stood by their 'buy' recommendation for shares of Serco following the outsourcer's pre-close update.
Read moreFurlough repayments and staff bonuses put dent in Serco's trading upside
17th Dec 2020 07:55
(Sharecast News) - Serco Group said on Thursday that it expected revenue for the year to rise 19% to £3.9bn, with organic growth of 16%.
Read moreThursday broker round-up
10th Dec 2020 13:34
(Sharecast News) - Workspace Group: Berenberg downgrades to sell with a target price of 670p.
Read moreSerco lifts revenue and profit guidance after strong third quarter
16th Oct 2020 07:26
(Sharecast News) - Serco reported strong revenue growth in its third quarter on Friday, along with good cost control, leading to an upgrade of its full-year revenue guidance to around £3.9bn, and underlying trading profit to between £160m and £165m.
Read moreSerco issues $200m of US private placement notes
9th Oct 2020 13:11
(Sharecast News) - Serco has issued $200m (£154m) of US private placement loan notes, it announced on Friday.
Read moreUK implements new standards for biodegradable plastics
1st Oct 2020 12:27
(Sharecast News) - The UK government has implemented a new standard for biodegradable plastics to simplify their classification.
Read moreSerco appoints John Rishton as chair
1st Oct 2020 07:49
(Sharecast News) - Former Rolls-Royce boss John Rishton has been appointed chair of government contractor Serco, the company said on Thursday.
Read moreSerco profits soar on govt demand for Covid-related services
6th Aug 2020 07:58
(Sharecast News) - UK outsourcer Serco said interim profits rose 53% on the back of demand from governments for its services during the coronavirus pandemic and purchase of a US naval systems unit last year.
Read moreMonday broker round-up
27th Jul 2020 13:24
(Sharecast News) - Indivior: Jefferies upgrades to buy with a target price of 200.0p.
Read moreSerco reports strong trading and restores guidance
17th Jun 2020 07:56
(Sharecast News) - Serco reinstated financial guidance as the government outsourcer said it expected an increase of about 50% in first half profit based on strong revenue growth.
Read moreSerco Chairman Roy Gardner to step down
28th May 2020 14:57
(Sharecast News) - Serco is looking for a new chairman after Roy Gardner decided to step down five years after joining the public services outsourcing group.
Read moreSerco warns of hit to profits despite continued demand
2nd Apr 2020 08:03
(Sharecast News) - Public services provider Serco warned on profits and pulled its dividend to mitigate the effect of the coronavirus pandemic, but said it saw "unprecedented" demand for hospital cleaning staff.
Read moreSerco signs six-year extension to Australia hospital contract
9th Mar 2020 07:30
(Sharecast News) - Serco Group has signed a six-year contract extension with the Government of Western Australia to continue delivering support services at Fiona Stanley Hospital in Perth, it announced on Monday.
Read moreFTSE 250 movers: Weir Group and Serco pace gains amid bargain hunting
26th Feb 2020 15:19
(Sharecast News) - London's second-tier index finished in the red yet again as investors took stock of the Chinese coronavirus's continuing spread globally and after the US Centers for Disease Control and World Health Organisation called for measures to be put in place immediately to break its advance.
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