Advertisement
UK markets close in 7 hours 2 minutes

  • FTSE 100

    8,292.55
    +79.06 (+0.96%)
     

  • FTSE 250

    20,369.38
    +204.84 (+1.02%)
     

  • AIM

    777.00
    +5.47 (+0.71%)
     

  • GBP/EUR

    1.1650
    -0.0010 (-0.08%)
     

  • GBP/USD

    1.2537
    -0.0027 (-0.22%)
     

  • Bitcoin GBP

    51,251.44
    -713.03 (-1.37%)
     

  • CMC Crypto 200

    1,319.34
    -45.79 (-3.35%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • DOW

    38,852.27
    +176.59 (+0.46%)
     

  • CRUDE OIL

    78.61
    +0.13 (+0.17%)
     

  • GOLD FUTURES

    2,322.60
    -8.60 (-0.37%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • DAX

    18,232.91
    +57.70 (+0.32%)
     

  • CAC 40

    8,009.16
    +12.52 (+0.16%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Capita edges rival Serco in 10-year UK defence contract race

Reuters - UK Focus

LONDON, March 10 (Reuters) - British outsourcer Capita (Frankfurt: A0MZ15 - news) was named as the preferred bidder for a 10-year contract to manage the government's 21 billion pound ($35 billion) military estate, gaining an edge over rival Serco to the post.

The move comes as a blow to embattled rival Serco, which had hoped to win the contract to help ease fears over the state of its relationship with the British government following a series of high profile contact failures such as the tagging of criminals.

The Ministry of Defence awarded the 400 million pound contract to a consortium, led by Capita (LSE: CPI.L - news) , to work on overhauling the Defence Infrastructure Organisation (DIO) which accounts for 1 percent of the country's land mass.