MARKET TALK: Serco On Track To Meet Expectations - Panmure
29th Jun 2010 13:51
1251 GMT [Dow Jones] Serco's (SRP.LN) trading update confirms the group remains on track to meet expectations, says Panmure Gordon. Organic revenue growth is still healthy and progress towards the group's 6.3% margin target (by '12) is being made, Panmure says. Still the brokerage maintains its caut
Read moreLondon midday: Footsie waves goodbye to 5,000
29th Jun 2010 12:06
Footsie fell below 5,000 as mining shares tanked in the morning session on concerns that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said its China leading economic index rose just 0.3% in April, a sharp revision down from
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
29th Jun 2010 09:48
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0848 GMT [Dow Jones] Serco Group's (SRP.LN) trading update confirms the group continued to trade strongly in 1H and is on
Read moreMARKET TALK: Serco Update Shows Continued Strength - Investec
29th Jun 2010 09:48
0848 GMT [Dow Jones] Serco Group's (SRP.LN) trading update confirms the group continued to trade strongly in 1H and is on track not only to meet guidance for the FY, but also its longer-term guidance on margins for '12. Says: "We rate management highly and believe that Serco is very well placed to b
Read moreLondon open: Footsie slides lower
29th Jun 2010 08:56
London has followed US and Asian markets lower with only AstraZeneca in the blue at present. It was suggested as a possible takeover company for a US company by Standard & Poor's, along with BAE Systems and Balfour Beatty. US companies clearly are interested in UK assets judging from Emerson's 375
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jun 2010 08:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0700 GMT [Dow Jones] Serco Group's (SRP.LN) trading update confirms guidance for margins and revenues for the full year to De
Read moreMARKET TALK: Serco Group's Update Confirms Guidance - Shore
29th Jun 2010 08:00
0700 GMT [Dow Jones] Serco Group's (SRP.LN) trading update confirms guidance for margins and revenues for the full year to December, says Shore Capital. However, says the details of the new corporate reporting structure, reflects the strong operational progress made in the past couple of years. Adds
Read moreLondon pre-open: Weak start expected
29th Jun 2010 07:46
London is set to follow US and Asian markets lower, with traders predicting the Footsie blue-chip index will open around 57 points lower at 5,115. Outsourcing specialist Serco remains on course to meet guidance given in May, although it gave no clue as to the possible impact of spending cuts announ
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jun 2010 07:34
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0634 GMT [Dow Jones] Serco Group's (SRP.LN) pre-close trading update is positive, according to an analyst, confirming a goo
Read moreMARKET TALK: Serco Trading Update Positive; Company On Track
29th Jun 2010 07:34
0634 GMT [Dow Jones] Serco Group's (SRP.LN) pre-close trading update is positive, according to an analyst, confirming a good first-half and that the company is on track to deliver guidance for this year. The outlook statement looks confident too, and the analyst also notes the substantial order bo
Read moreSerco keeps guidance intact
29th Jun 2010 07:07
Outsourcing specialist Serco remains on track to meet guidance given in May, although it gave no clue as to the possible impact of spending cuts announced in last week's Budget. "We remain on track to deliver our financial guidance for 2010, which is for continued strong organic revenue growth and
Read moreTuesday preview: Arriva, National Express, Serco
28th Jun 2010 14:43
Bus and train groups Arriva and National Express both issue trading updates on Tuesday, just days after transport minister Norman Baker attacked the companies and other members (FirstGroup, Stagecoach and Go Ahead) of the 'big five' transport groups for taking passengers for a ride. According to a
Read more3-day Strike Called Off On London's DLR Metro System
22nd Jun 2010 17:28
LONDON (Dow Jones)--Planned industrial action on London's Docklands Light Railway has been suspended following mediation, the operator said Tuesday. Serco Docklands said strike action proposed for Wednesday-Friday this week has been called off and all services will run as normal. A strike ca
Read moreLondon close: Winning streak comes to an end
18th Jun 2010 16:44
Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody's the blue-chip index ended marginally easier on the day. BP, for once
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
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