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Serco is on "rubble-watch" amid UK outsourcing distress-CEO

Reuters - UK Focus

EDINBURGH, Feb 21 (Reuters) - Serco's Chief (Taiwan OTC: 3345.TWO - news) Executive Rupert Soames said on Thursday the company was "watchful" to see whether there were any opportunities arising from rivals' distress in UK outsourcing.

"We are distinctly on what you could call rubble-watch in the UK, because that Carillion (Frankfurt: 924047 - news) deal has worked well for us," Soames said, referring to the work that Serco picked up as a result of Carillion's collapse just over a year ago. (Reporting by Elisabeth O'Leary; editing by Kate Holton)