BUZZ-Serco: boosted by stronger bid outlook

** Serco +3% & 3rd top FTSE midcap riser after posting better-than-expected outlook for its bid pipeline against unpredictability in several end markets

** Reassuringly dull figures but book to bill at 5 year record, Liberum writes

** SRP reports bid pipeline of 7.9 bln stg & flat H1 revenue of 1.5 bln stg, in-line with analysts' expectations

** Jefferies writes 5 bln stg of the bid pipeline will be awarded which will determine whether the 5-6% medium term EBITA margin target can be achieved

** Co runs transport, health, justice, defence and security services for public departments and gets 50% revenues from the UK; in recent months companies exposed to British public work such as Capita (LSE: CPI.L - news) , Mitie and Carillion under pressure

** On Thursday, SRP says remains sensibly cautious in light of the political environment in several of its markets becoming markedly more unpredictable

** About 40% 30-day daily avg vol through in 35 mins of trade