Serco shares drop as it cuts revenue guidance amid 'less than ideal' market conditions
The British outsourcer plans to take on Carillion contracts at six major NHS hospital sites
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Serco Group PLC
LON:SRP
Serco Group PLC supports governments, agencies and companies by offering operational, management and consulting expertise in the aviation, defense, education, health, home affairs, local government, nuclear, science, technology, transport and commercial sectors.
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FTSE 100 closes Friday in positive territory but loses ground on the week
FTSE 100 closed around 21 points higher on Friday at 7,636, the FTSE 250 added nearly 147 points at 20,830.
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Serco and Reach up to close out the week while UK April Index of Services takes data spotlight
As the week comes to an end, trading updates will be drawing eyes on the company news front while the UK's final Q1 GDP reading will play second fiddle to April's Index of Services
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Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
PowerHouse Energy shares lifted as it debunks speculation on Science Park closure
A look at some of the biggest risers and fallers in London on Wednesday
Serco shares jump as it secures US$900mln US health insurance support contract
The FTSE 250 outsourcer said the contract with the Center for Medicare & Medicaid Services had a one-year base period and four one-year option periods
Serco calls for new dialogue on public service provision after Carillion as profits slump
Rupert Soames, chief executive, added that the company was now looking forward rather than backwards
Carillion's facilities management contracts in line to be transferred to Canadian firm, BGIS
The deal, if it goes through, could see more than 2,500 Carillion employees become part of Brookfield Global Integrated Solutions
Carillion collapse puts contracts at risk but presents opportunities for sector peers
Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse
Serco shares drop on Citi downgrade
Citi is forecasting negative 1% and negative 5% organic growth for the current and subsequent years respectively
Carillion: Where it all went wrong for the mega-cap turned micro-cap UK contractor
A timeline of Carillion's struggles over the past year
Serco, Equiniti and Page Group downgraded by Credit Suisse amid Brexit uncertainty
Credit Suisse has adjusted its ratings and target prices on a number of business service stocks
Serco expects 2017 profit at top end of guidance range as it signs deal with Carillion
Serco has signed a definitive agreement to buy a large part of Carillion’s UK healthcare facilities management business
Carillion inks definitive sale agreement for disposal of bulk of its UK healthcare facilities business
The firm said an agreed proportion of the total consideration of approximately £47.7mln will be payable in instalments on the transfer of each facilities management arrangement
FTSE 100 slips slightly to close in the red after swinging between gains and losses
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
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Yellen & Co in focus as Fed looks set to raise rates; TUI, Dixons Carphone, Bellway to update
Day Ahead includes the final Federal Reserve meeting outcome of 2017, plus updates from travel firm TUI, electricals retailer Dixons Carphone, and housebuilder Bellway
Analysts think Carillion's most likely route to survival is through a debt for equity swap
Potential asset disposals are unlikely to "materially change the picture", according to UBS
Carillion says it will breach banking covenants as it warns on profits and debt
Carillion has issued its third profit warning for the year as it struggles with badly-performing contracts and spiralling debt
Serco shares plummet as it backs away from bid for Middle East rail contracts
The bids were worth £2.5bn of the £7.9bn pipeline of new opportunities, Serco said
Carillion unveils £13.8mln disposal of holdings in property development companies
The small-cap firm announced the sale of its 66.67% shareholding in Ask Real Estate Limited (AREL), as well as its 50% interest in Ask Carillion Developments LLP (ACD) to one or more wholly owned subsidiaries of Dukehill Limited
Carillion names Andrew Davies, boss of privately-owned construction firm Wates, as its new CEO
New appointee Davies has been chief executive of Wates since 2014, and prior to that held a series of senior roles with BAE Systems over a 28-year period
Serco takes on Carillion's NHS contracts for £50mln and buys US radar business
Annual revenue is £90mln and the NHS contracts, which run for 14 years on average, are profitable, added Serco
Carillion jumps on lifeline as it agrees new credit facilities, debt deferrals, disposal to Serco
Carillion revealed that it had signed a head-of-terms agreement to sell a large part of its UK healthcare business to outsourcing company Serco Group for £50.1mln
FTSE 100 closes near flat as traders look for direction; Dow Jones surges
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
Serco's chief operating officer Ed Casey to step down to return home to the US
Serco's chief operating officer, Ed Casey, wants to return home to the US after four years commuting across the Atlantic
Commentator says Interserve profit warning should not have surprised
Russ Mould, investment director at AJ Bell pointed out that a cursory glance at August’s interim results from Interserve PLC would have given both investors and the group’s new boss, Debbie White “a clear indication of the risks and challen
G4S shares fall while Serco shares rise after UBS offers differing views on security services firms
UBS has downgraded its rating on G4S but upgraded sector peer Serco
Serco shares rise as outsourcer sees first half order intake jump, repeats full-year guidance
“Notwithstanding the well-flagged decline in profits compared with the first half of 2016, trading in the first half of 2017 keeps us on track to achieve our expectations for the full year”
FTSE 100 finishes 63 points up, boosted by weak pound
Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
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Next to unveil improved second quarter with sales boosted by warm weather
Next is expected to shine in its second quarter trading update
Serco Group keeps outlook unchanged, but cautious on "unpredictable markets"
The FTSE 250-listed firm said it expects to report first-half revenue of approximately £1.5bn, around an 8% decline on a year earlier.
FTSE 100 wavers ahead of the close as investors sift through slew of economic data
The UK blue chip index is fell 9 points to 7,340.30 in late afternoon trading
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Final session of first-half of 2017 likely to bring rush of updates including Serco and Trinity Mirror
Day ahead: trading updates due from Serco PLC, Trinity Mirror PLC ...
Serco secures £1.5bn deal to run what will be Australia’s biggest prison, the group’s largest-ever contract by value
The FTSE 250-listed firm has signed the contract and completed financial agreements to operate the New Grafton Correctional Centre (NGCC) in New South Wales
FTSE 100 closes 51 lower amid sterling losses and Brexit worries
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
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‘Things can only get better’ could be a good theme song for Mitie as its shares jump despite dire full-year
Russ Mould, investment director at AJ Bell, said: “Investors are clearly deciding that the Mitie numbers are so bad that they cannot get worse and that if they cannot get worse then they can only get better”
Serco rallies as Barclays says it expects return to revenue growth
Serco’s trade-off between risk and reward has improved over the past year as the outsourcer edges back towards revenue growth, according to Barclays
Serco set to secure around £1.6bn contract to operate what will be Australia's largest prison
The contract to operate the New Grafton Correctional Centre (NGCC) in New South Wales is expected to commence in 2020.
Serco's recovery hits a few potholes
"The road back to prosperity was always going to be long and winding, with many potholes and boulders," said CEO Rupert Soames
Investments and investor services
FTSE 100 shares end higher as Unilever seeks more shareholder value
FTSE 100 shares ended higher on Wednesday, as Unilever talked up a review to show more shareholder value and Lloyds Banking posted its highest profit in a decade
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Brexitwatch - MPs approve gov't timetable
A look at some significant themes form the Brexit debate this week
Capita plans asset sales as it cuts its profit forecast once again
The group said it now expects underlying pre-tax profit before tax to be at least £515mln, well below a forecast made in September of between £535mln and £555mln.
Broker slashes Capita target due to Brexit concerns
Capita has already issued a major profit warning but more pain may be on its way said the broker.
London shares rally after BoE offers deep rescue package post-Brexit
London shares rallied on Thursday in spite of a widely-trailed Bank of England rate cut to its lowest since the central bank was founded in 1694, as policymakers threw a bundle at worries over economic fallout following Britain’s vote to qu
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Bank of England rate cut boosts FTSE 100 Index
The FTSE 100 Index responded to the interest rate cut by rising 89.9 points to 6724.32
Serco slowly righting the ship
The new management team's turnaround plan has not been helped by post-Brexit paralysis in decision making by its biggest customer
Investments and investor services
Bank of England rate cut boosts FTSE 100 Index
The FTSE 100 Index responded to the rate cut by rising 67.6 points to 6700.45
PREVIEW – Another deluge of earnings on way, including IHG
Another big week for earnings as August kicks offf
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Brokers: Serco and G4S hit by downgrades
Brokers weren’t optimistic on the outlook for the two security firms, although gold miners were in favour at Macquarie
PREVIEW: Will there be news of remedies or deals from Tullow?
There should be plenty on the agenda for Tullow Oil, which is described by Numis as extremely leveraged” to long term oil price forecasts.
Most followed: Serco, Capita, Beowulf, Lloyds. Molins, BAT..
Latest result from the Outsourced Cup: Serco 3 Capita 0.
Risers & Fallers: Coats Group, Earthport, Ferrum Crescent, SolGold, Solid State, Tlou Energy
Some good news on the dividends front from RSA and Lloyds, while reinsurer Beazley is moving management back to the UK.
Serco Group soars as turnaround gains momentum
After an emergency rights issue and some drastic surgery, the public services outsourcing specialist appears to be returning to health
Renewed 5-year stretch for Serco's Oz prison contract
Troubled public services outsourcer Serco has extended its contract to run Acacia Prison in Western Australia for a further five years.
Risers & Fallers: Allied Minds, Anglo American, Jimmy Choo, Hikma Pharmaceuticals, Ocado, Serco Gp
At 10.30, the FTSE 100 index was up 22 points at 6,277.
Most followed – chocolate and Sunrise Resources
As Christmas rolls its way relentlessly towards us, chocolate and tax (not chocolate tax thankfully), Serco and Morgan Stanley were among the stocking fillers for web browsers today....
Investments and investor services
Risers & Fallers: Immupharma, Kenmare, Pinnacle and more
Below are the main news-driven share price movements at 4pm.
Investments and investor services
FTSE100 drops on tough day for global markets
The FTSE100 ended 0.9%, or 58 points lower to 6,295, with Glencore sitting at the bottom of the index.
Most followed: Aggreko, Caparo, IMIC, Serco, steel..
Tragic news with the apparent suicide of Angad Paul, boss of the beleaguered steel company Caparo.
Risers & Fallers: Lonmin, Aggreko, Atlantic Coal, Serco, Mobile Streams and Motive Television
Below are the main news-driven share price movements at 4pm.
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Housebuilders still on firm foundations - JP Morgan
If there is a housing market downturn on the cards, broker heavyweight JP Morgan Cazenove by certainly doesn't see it...
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Serco shares up after Jefferies upgrade
Serco gets an upgrade from US broker Jefferies on Tuesday....
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Footsie suffers China crisis
London’s blue-chips were mostly deep in the red after China’s currency devaluation.
Investments and investor services
London shares fall as China devaluation weighs
Beijing allowed yuan to fall to three-year lows against the dollar
Investments and investor services
Market falls as China news offsets Greek cheer
Chinese currency devaluation offsets encouraging Greek news
Serco "better than expected" but still not good
It has been a tumultuous two years for the outsourcing firm - but is there light at the end of the tunnel?
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Tuesday's Agenda: Prudential catches the eye of investors
The Pru's decision to focus on Asia has proved a smart one, but with regulatory changes affecting the retail annuity market in the UK, it can't afford a slowdown in its Asian operations.
Investments and investor services
Week Ahead: Growth in Asia to offset Pru's UK growth issues
The Pru's decision to focus on Asia has proved a smart one, but with regulatory changes affecting the retail annuity market in the UK, it can't afford a slowdown in its Asian operations.
Investments and investor services
Risers and Fallers including Motive TV, Concha, Phorm, Proteome Sciences, Hargreaves Services...
Phorm was a big loser again today while Motive TV has added a record feature to its over-the-top television app sending shares higher.
Investments and investor services
FTSE 100 bounces back on hopes Greece will climb down
Investors were fixated on the chances of a climb-down by Greece in its debt negotiations, which is just as well, as there was little in the way of corporate news from FTSE 350 companies.
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Footsie back on front foot as Tsipras blinks
Market bounces as Greece looks set to do U-turn on debt deal
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Risers and Fallers including Arria NLG, Rightster, Gulfsands, ECR Minerals, Phorm, Ortac and more
Rightster was higher after the digital video distribution and monetisation network said it has been enlisted by Universal Studios to promote the film Minions.
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Footsie back in the black as market brushes off Greek default
London shares on the up after four days in the red
Serco reports better-than-expected first half trading
Serco signed contracts worth about £1bn in the first half
Footsie rebounds on hopes of a Greek climb-down
London’s blue chip index is set to rally despite Greece overnight becoming the first western country to default on a loan from the IMF.
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Wednesday's agenda - Serco to serve up first half update
Troubled outsourcing giant Serco has a pre-close update for its first half out on Wednesday......
Investments and investor services
Risers and fallers: Elementis, Morrisons, Sainsbury's, Sage Group, Serco Group, Telecom Plus
Supermarkets are on the shopping list of many investors
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FTSE100 ends higher as investors optimistic over Greece
FTSE100 closed higher, after an upbeat session, as traders were cheered by hopes of a Greek debt deal.