London open: FTSE 100 moves higher, C&W Worldwide and Carpetright slump
28th Jun 2011 08:29
The FTSE 100 has climbed as investors await progress in troubled Eurozone member Greece, but gloomy updates C&W and Carpetright are reminding investors of the fragile state of our own economy. Cable & Wireless Worldwide's chief executive Jim Marsh is to step down after the telecommunications group
Read moreLondon pre-open: Cautiously firmer
28th Jun 2011 07:36
Today is yet another big day for Greece, and therefore the future of the eurozone, with the country's parliament set to vote on the package of austerity measures that the country needs to implement if it is to get the next tranche of bailout money from the European Union and the International Moneta
Read moreSerco sticking to its targets
28th Jun 2011 07:10
Outsourcing giant Serco will tell investment analysts on Tuesday to stick with their full-year estimates, as nothing much has changed since its last trading update on 9 May. "For 2011, we expect good organic revenue growth and progress towards our 2012 margin guidance," the company said in its pre-
Read moreSerco wins £140m security contract
15th Jun 2011 13:36
Outsourcing firm Serco has won a contract with the Western Australian Department of Corrective Services to provide court security and custodial services for A$210m (around £140m) over five years. Serco will provide inter-prison transfers, court security services and the operation of court custody c
Read moreSector movers: Outsourcers bolster support services
31st May 2011 16:41
The support services sector was among the best performing sectors of the day, helped by blue chip outsourcing peers Serco and Capita. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, announced the acquisition of India-based service provid
Read moreLondon close: More gains for FTSE 100
31st May 2011 16:38
Stocks built on the strong gains they posted ahead of the long weekend, surpassing the 6,000 point mark but finishing slightly below that psychologically-important level. In company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway,mo
Read moreFTSE 100 movers: Outsourcers improve on gains
31st May 2011 14:44
Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, has announced the acquisition of India-based service provider Intelenet for up to £385m, boosting shares higher on Tuesday. Prime Markets thinks that the purchase will "safely propel" Serco
Read moreLondon afternoon: Stocks sail on Greek tailwinds
31st May 2011 14:21
Optimism about a resolution to Greece's latest dire need for a bail-out is giving equities a boost today, providing some much needed focus on a day that is short of block-busting company news. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Rail
Read moreBroker tips: Standard Chartered, Serco, Tate & Lyle
31st May 2011 12:31
Standard Chartered has been upgraded to a 'buy', from 'neutral', by Nomura, which says that the Asia-focused bank is delivering growth in a challenging environment. "For investors looking for top-line growth within a UK & European banks sector where growth is often a scarce commodity, we believe th
Read moreLondon midday: Rally pauses at 6,000
31st May 2011 12:11
The leading share index is sitting around the 6,000 point mark after a strong start this morning. On a relatively quiet day for company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, has announced the acquisition of India-based se
Read moreBroker snap: Intelenet purchase to boost Serco
31st May 2011 11:45
After Serco's recent share price underperformance, Prime Markets thinks that Tuesday's acquisition of Intelenet should "safely propel" shares higher. The support service provider has bought India-based business process outsourcing firm Intelent for up to £385m. "The acquisition is in line with Se
Read moreLondon open: FTSE 100 builds on gains
31st May 2011 08:24
The top share index is adding to the gains it made ahead of the long weekend and homing in on the 6,000 point mark around which it has been flitting since the start of the year. On a relatively quiet day for company news, Serco, the outsourcing company whose activities include running prisons and L
Read moreLondon pre-open: Outsourcers get cheque books out
31st May 2011 07:34
In a quiet resumption of corporate activities following the long week-end break, outsourcers Capita and Serco have done their bit to liven things up, with both companies announcing bolt-on acquisitions. Serco, the outsourcing company whose activities include running prisons and London's Docklands L
Read moreSerco acquires India's Intelenet
31st May 2011 07:08
Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, has announced the acquisition of India-based service provider Intelenet for up to £385m. Intelenet provides business process outsourcing (BPO) services to the private sector in India and in
Read moreTuesday tips round-up: Serco, Lonmin, Eros
10th May 2011 06:30
That Serco's shares managed to remain strong throughout the session after the outsourcer issued an update yesterday is creditable. The update was reassuring, with the group saying that it remained on track to deliver on expectations for 2011. We do think that Serco is fairly valued at current levels
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