Serco reinstates dividend as profits rise

26th Feb 2020 08:03

(Sharecast News) - Public services provider Serco said it would reinstate a dividend for the first time since 2014 as full year profits increased 25%.

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Serco inks deal to operate Gatwick airport immigration removal centres

20th Feb 2020 11:31

(Sharecast News) - Public services provider Serco has signed a new contract with the UK Home Office Immigration Enforcement department to manage two immigration removal centres located at Gatwick airport.

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Serco sees 'record' orders and double-digit profit growth

12th Dec 2019 10:48

(Sharecast News) - Outsourcing firm Serco on Thursday said it expected "record" order intake to drive a surge in profit for 2019, with further strong growth expected in 2020.

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Tuesday broker round up

3rd Dec 2019 13:24

(Sharecast News) - Aston Martin Lagonda: Goldman Sachs downgrades to neutral with a target price of 520p.

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Serco signs ?800m contract with MoJ

30th Oct 2019 09:52

(Sharecast News) - Serco has signed a 10-year, £800m contract with the UK Ministry of Justice (MoJ) to provide prisoner escort and custody services for the South of England.

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US Navy selects Serco for ID/IQ contract

2nd Oct 2019 16:34

(Sharecast News) - The US Navy's Naval Information Warfare Systems Command selected Serco alongside seven other firms as an awardee for an Indefinite Delivery, Indefinite Quantity (ID/IQ) multiple award contract.

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Serco awarded ?450m Northern Isles ferry contract

20th Sep 2019 09:16

(Sharecast News) - Serco has been selected as preferred bidder to continue managing and operating Northern Isles Ferry Services.

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Serco wins extension to Australian immigration detention contract

11th Sep 2019 07:03

(Sharecast News) - Serco on Wednesday secured a two-year extension to a contract with the Australian government through which its subsidiary will continue to provide services at immigration detention facilities.

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Friday broker round-up

28th Jun 2019 15:11

(Sharecast News) - QinetiQ: Credit Suisse downgrades to neutral with a target price of 325p.

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Liberum maintains 'buy' on Serco following pre-close update

27th Jun 2019 10:21

(Sharecast News) - Analysts at Liberum maintained their 'buy' rating on public services provider Serco on Thursday, noting that the group's current share price was "cheap" given its "significant earnings momentum".

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Serco sees 2019 revenue at top end of guidance

27th Jun 2019 07:45

(Sharecast News) - FTSE 250 outsourcer Serco said on Thursday that 2019 revenue is expected to be at the top end of its guidance range, thanks in part to strong order intake.

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Thursday preview: Revised Q1 US GDP, Serco in the spotlight

26th Jun 2019 15:23

(Sharecast News) - The flow of economic data will thin out considerably on Thursday with a revised reading on first quarter US gross domestic product growth the main release on tap.

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Wednesday broker round-up

12th Jun 2019 13:41

(Sharecast News) - Provident Financial: Canaccord downgrades to sell with a target price of 430p.

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Peel Hunt upgrades Serco, says NSBU acquisition 'very good fit'

12th Jun 2019 07:45

(Sharecast News) - Peel Hunt upgraded its stance on Serco shares to 'add' from 'hold' on Wednesday, lifting the price target to 146p from 129p as it highlighted the company's "strategically attractive" acquisition of leading US navy service provider NSBU.

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Jefferies raises target on Serco following 'attractive' acquisition

4th Jun 2019 09:24

(Sharecast News) - Analysts at Jefferies raised their target price on public services outfit Serco on Tuesday, saying the group's acquisition of Alion Science and Technology's naval systems business unit should "catalyse a shift in customer perception" and had "attractive economics".

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