UK government cancels e-Borders contract
22nd Jul 2010 13:24
The UK government's cancellation of a £750m e-Borders contract with prime contractor Raytheon Systems will have a knock-on effect on Serco and QinetiQ. Both Serco and Qinetiq are involved in the Trusted Borders consortium which Raytheon heads. Serco was responsible for infrastructure and service m
Read more2nd UPDATE:UK Govt Ends Border Control Contract With Raytheon
22nd Jul 2010 12:36
(Adds detail.) By Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government Thursday said it was terminating a contract to supply border control technology with U.S. firm Raytheon Co. (RTN) because critical parts of the program are running at least 12 months late.
Read moreUPDATE: UK Govt Ends Border Control Contract With Raytheon
22nd Jul 2010 12:19
(Adds detail.) By Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government Thursday said it was terminating a contract to supply border control technology with U.S. firm Raytheon Co. (RTN) because critical parts of the program are running at least 12 months late.
Read moreUK Govt Terminates Border Control Contract With Raytheon
22nd Jul 2010 12:03
LONDON (Dow Jones)--The U.K. government Thursday said it was terminating a contract to supply border control technology with U.S. firm Raytheon Co. (RTN) because critical parts of the program are running at least 12 months late. The U.K.'s Home Office said in a statement that the Home Secretary
Read moreUPDATE: Capita Cautions Of Short-Term Growth But Still Upbeat
22nd Jul 2010 11:56
(Adds comment and detail.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Capita Group PLC (CPI.LN), the U.K.'s largest provider of business services, on Thursday reported a 15% increase in first-half pretax profit and said that it is well placed to continue growing, but cau
Read moreINTERVIEW: Capita CEO Expects Slowdown From UK Govt Cuts
22nd Jul 2010 09:48
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Capita Group PLC (CPI.LN), the U.K.'s largest support services provider, is preparing for spending cuts by the British government that will hit the business in the short term, but Chief Executive Paul Pindar told Dow Jones Newswires
Read moreLondon close: Flat finish for FTSE 100
20th Jul 2010 16:42
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreLondon afternoon: Cautious note from De La Rue
20th Jul 2010 14:25
Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreFTSE 100 movers: Public sector outsourcers slide
20th Jul 2010 12:27
Outsourcers have been hit by a negative trading statement by Cable & Wireless Worldwide. Telecoms services provider C&W Worldwide heads the fallers after it warned that the coalition government's emergency budget will hit earnings growth. C&W Worldwide says earnings will come in at the lower end o
Read moreLondon midday: Public sector specialists hit
20th Jul 2010 12:10
Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read moreMARKET TALK: Execution Starts Nine UK Support Services Stocks
12th Jul 2010 10:39
0939 GMT [Dow Jones] Execution Noble initiates coverage on nine UK support services stocks. Starts Babcock International (BAB.LN), eaga (EAGA.LN), Mears Group (MER.LN), Serco Group (SRP.LN) and WSP (WSH.LN) at buy. Starts WS Atkins (ATK.LN) and Connaught (CNT.LN) at hold. Begins Capita Group (CPI.L
Read moreTuesday tips round-up: Kesa, Serco, Lloyds Banking
6th Jul 2010 06:39
The City's bearishness on Kesa shares partly reflects concerns over the tough trading environment that Comet faces in the UK. Furthermore, the City's UK-centric view glosses over the fact that Darty continues to deliver the bulk of the group's operating profit. Therefore, along with an improved per
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read moreLondon afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read moreLondon midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
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