SRP.L - Serco Group plc
| Previous close | 98.55 |
| Open | 97.80 |
| Bid | 0.00 x 1189900 |
| Ask | 0.00 x 165000 |
| Day's range | 97.15 - 99.20 |
| 52-week range | 82.25 - 120.90 |
| Volume | 1,185,045 |
| Avg. volume | 2,841,374 |
| Market cap | 1.081B |
| Beta | 1.06 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.00 |
| Earnings date | 2 Aug 2018 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 2014-09-03 |
| 1y target est | 101.25 |
Reuters•12 days agoCarillion collapse exposed flaws in UK government policy - MPs
The collapse of Carillion exposed the risks of using private companies to cut the cost of delivering public services and its failure could be repeated if the government does not learn lessons, lawmakers said on Monday. Carillion, which employed 43,000 people to provide services in defence, education, health and transport, collapsed in January, becoming the largest construction bankruptcy in British history. A report published by a parliamentary committee on Monday said the government's overriding priority for outsourcing had been spending as little money as possible while forcing contractors to take unacceptable levels of financial risks.
- Reuters - UK Focus•12 days ago
Carillion collapse exposed flaws in UK government policy - lawmakers
The collapse of Carillion exposed the risks of using private companies to cut the cost of delivering public services and its failure could be repeated if the government does not learn lessons, lawmakers said on Monday. Carillion (Frankfurt: 924047 - news) , which employed 43,000 people to provide services in defence, education, health and transport, collapsed in January, becoming the largest construction bankruptcy in British history. A report published by a parliamentary committee on Monday said the government's overriding priority for outsourcing had been spending as little money as possible while forcing contractors to take unacceptable levels of financial risks.
- The Independent•22 days ago
Serco warns taking on Carillion contracts will hit profits this year
Outsourcing group Serco expects to report a drop in revenues for the first half of this year, and said taking on contracts from collapsed rival Carillion would hit profits. According to Serco, this reduction is due in part to the impact of foreign exchange rates, which accounted for £60m of the lost revenue. The firm said it has been working closely with Carillion’s liquidators to agree acquisition terms for various health contracts after the collapse of the contractor earlier this year.
- Reuters•22 days ago
Serco trims 2018 revenue outlook, shares fall
British outsourcer Serco (SRP.L) lowered its revenue forecast on Friday and gave a cautious market outlook, sending shares in the British outsourcing company down more than 7 percent. Chief Executive Rupert Soames said market conditions "are less than ideal, particularly in the UK" but noted the company was making progress with its strategy. Serco provides services to the defence, justice, transport and health sectors in Britain and abroad.
- Reuters - UK Focus•22 days ago
UK's Serco trims 2018 revenue outlook, shares fall
British outsourcer Serco lowered its revenue forecast on Friday and gave a cautious market outlook, sending shares in the British outsourcing company down more than 7 percent. Chief Executive Rupert Soames said market conditions "are less than ideal, particularly in the UK" but noted the company was making progress with its strategy. Serco provides services to the defence, justice, transport and health sectors in Britain and abroad.
- Reuters - UK Focus•22 days ago
UK outsourcer Serco keeps 2018 profit goal but sees lower revenue range
British outsourcer Serco expects lower revenues than previously targeted for 2018 but is still on course for underlying profit of 80 million pounds , reflecting a bigger cost savings effort, it said on ...
- Reuters - UK Focus•25 days ago
Taking lessons from Carillion, Britain toughens outsourcer rules
Britain is preparing to toughen up contract terms for private companies operating in the public sector over the next 12 to 18 months after the collapse of outsourcing group Carillion (Frankfurt: 924047 - news) , a source familiar with the plans said on Monday. The government, which awards 200 billion pounds of public contracts to private companies every year, plans to force those doing critical work for government departments to provide a "living will" agreement that would pass their work to another supplier in an emergency. Cabinet Office Minister David Lidington said earlier on Monday he was also seeking to make it easier for smaller companies, charities and social enterprises to take on large government contracts, and would demand more transparency and social awareness from public service providers.
- Reuters•25 days ago
Britain to toughen outsourcer contracts after Carillion collapse
Cabinet minister David Lidington said on Monday he was seeking to make it easier for smaller companies, charities and social enterprises to take on large government contracts, and would demand more of public service providers, both in terms of transparency and in social awareness. Carillion collapsed in January when its banks halted its funding, triggering a row over Britain’s outsourcing of public services to private companies.
Reuters•25 days agoTaking lessons from Carillion, Britain toughens outsourcer rules
The government, which awards 200 billion pounds of public contracts to private companies every year, plans to force those doing critical work for government departments to provide a "living will" agreement that would pass their work to another supplier in an emergency. Cabinet Office Minister David Lidington said earlier on Monday he was also seeking to make it easier for smaller companies, charities and social enterprises to take on large government contracts, and would demand more transparency and social awareness from public service providers. Carillion collapsed in January when its banks halted their funding, leading to the loss of thousands of jobs and a political row over Britain's outsourcing of public services to private companies.
Reuters•25 days agoBritain to tighten outsourcing rules in next 12 to 18 months
EDINBURGH, Scotland (Reuters) - Britain is preparing to toughen up contract terms for private companies operating in the public sector over the next 12 to 18 months after the collapse of outsourcing group ...
- Reuters - UK Focus•25 days ago
Britain to tighten outsourcing rules in next 12 to 18 months
Britain is preparing to toughen up contract terms for private companies operating in the public sector over the next 12 to 18 months after the collapse of outsourcing group Carillion earlier this year, ...
- Reuters - UK Focus•25 days ago
Britain to toughen outsourcer contracts after Carillion collapse
Britain is preparing to toughen up contract terms for private companies operating in the public sector and to enhance competition after the collapse of outsourcing group Carillion (Frankfurt: 924047 - news) earlier this year. Cabinet minister David Lidington said on Monday he was seeking to make it easier for smaller companies, charities and social enterprises to take on large government contracts, and would demand more of public service providers, both in terms of transparency and in social awareness. Carillion collapsed in January when its banks halted its funding, triggering a row over Britain’s outsourcing of public services to private companies.
- Reuters•last month
Capita's shares rise on defence contract, business sale
Capita, which raised 701 million pounds ($922 million) from investors in May after a series of profit warnings, said the sale of Supplier Assessment Services would help strengthen the company. "This transaction marks a further step in executing the strategy announced in April aimed at simplifying and strengthening the business to deliver future success," Chief Executive Jonathan Lewis said. Analysts also welcomed the contract win, the first major deal awarded by the government since the collapse of Carillion, a construction and outsourcing partner to the government which went out of business in January, rocking the sector.
- Reuters - UK Focus•last month
Capita's shares rise on defence contract, business sale
British outsourcing company Capita plc (LSE: CPI.L - news) said it had sold a supply chain business and won a government contract to provide firefighting services on military sites, showing progress in its turnaround plan and lifting its shares. "This transaction marks a further step in executing the strategy announced in April aimed at simplifying and strengthening the business to deliver future success," Chief (Taiwan OTC: 3345.TWO - news) Executive Jonathan Lewis said. Analysts said the price of 160 million pounds ($212 million) in the sale to private equity firm Warburg Pincus was higher than expected.
- Reuters•last month
Capita awarded UK defence ministry contract, beating Serco, union says
British outsourcer Capita (CPI.L) has been awarded a British Ministry of Defence contract to provide defence workers and firefighters, the Unite union said on Monday. Unite said Capita had beaten rival Serco (SRP.L) although Capita was yet to officially confirm the deal and no one from the company was available for comment. Capita which provides IT-led services for the public and private sector, is trying to pay down debt, boost investment after a period in which it took on more work than it could profitably handle.
- Reuters - UK Focus•last month
Capita awarded UK defence ministry contract, beating Serco, union says
British outsourcer Capita (Taiwan OTC: T1614Y.TWO - news) has been awarded a British Ministry of Defence contract to provide defence workers and firefighters, the Unite union said on Monday. Unite said Capita (LSE: CPI.L - news) had beaten rival Serco although Capita was yet to officially confirm the deal and no one from the company was available for comment. Capita which provides IT-led services for the public and private sector, is trying to pay down debt, boost investment after a period in which it took on more work than it could profitably handle.
- The Wall Street Journal•last month
[$$] Blackstone to Exit Intelenet Investment
French company Teleperformance SE agreed to buy the Mumbai-based provider of business process outsourcing and contact center services.
Sky News•5 months agoSerco profits down but boss is still optimistic
Serco has reported a fall in profits but is still optimistic it can emerge as one of the winners from the turmoil hitting the outsourcing sector. The company, which provides justice, transport, defence and welfare services for governments worldwide, said pre-tax profits had tumbled to £19.1m in 2017. Rupert Soames, Serco Group (Other OTC: SCGPY - news) chief executive, said he expected Serco's profits to grow this year and next year.
- Reuters•5 months ago
Serco's Soames calls for end to 'Wild West' in UK outsourcing
Britain's Serco (SRP.L) has called for more transparency from the government over the award of public contracts to protect companies after rival Carillion went bust, saying the market should not be a "Wild West". Carillion, which took on large infrastructure projects as well as service contracts, collapsed in January largely because of problems with its public building works. Critics accuse the government of encouraging a risk-taking culture in which companies bid aggressively for contracts with thin margins, leaving little leeway when projects hit predictable delays.
- Reuters - UK Focus•5 months ago
Serco's Soames calls for end to "Wild West" in UK outsourcing
Britain's Serco has called for more transparency from the government over the award of public contracts to protect companies after rival Carillion went bust, saying the market should not be a "Wild West". Carillion (Frankfurt: 924047 - news) , which took on large infrastructure projects as well as service contracts, collapsed in January largely because of problems with its public building works. Critics accuse the government of encouraging a risk-taking culture in which companies bid aggressively for contracts with thin margins, leaving little leeway when projects hit predictable delays.
- Reuters•5 months ago
Serco rallies on signs it can withstand bumpy UK outsourcing road
Britain's Serco (SRP.L) said it expected to emerge as one of the winners from the turmoil hitting the outsourcing sector after it reported 2017 results in line with its expectations and predicted profit growth for the next two years. Serco, which provides justice, transport, defence and welfare services for governments across the world, is in the latter stages of a five-year restructuring, started after it ran into the kind of problems which led to the demise of rival Carillion (CLLN.L) in January. Serco shares rose 5 percent in a falling market after Chief Executive Rupert Soames said the actions it has taken made it more robust than rivals who are also grappling with a downturn in demand, such as Capita (CPI.L) and Interserve (IRV.L).
- Reuters - UK Focus•5 months ago
Serco rallies on signs it can withstand bumpy UK outsourcing road
Britain's Serco said it expected to emerge as one of the winners from the turmoil hitting the outsourcing sector after it reported 2017 results in line with its expectations and predicted profit growth for the next two years. Serco, which provides justice, transport, defence and welfare services for governments across the world, is in the latter stages of a five-year restructuring, started after it ran into the kind of problems which led to the demise of rival Carillion (Frankfurt: 924047 - news) in January. Serco shares rose 5 percent in a falling market after Chief (Taiwan OTC: 3345.TWO - news) Executive Rupert Soames said the actions it has taken made it more robust than rivals who are also grappling with a downturn in demand, such as Capita (LSE: CPI.L - news) and Interserve (Frankfurt: 860509 - news) .
- Reuters - UK Focus•5 months ago
Serco meets forecasts and reiterates outlook despite "bumpy road" ahead
British outsourcer Serco reported 2017 profit in line with its recently-upgraded forecast and reiterated its expectations for 2018, expressing confidence in a sector hit by the collapse of rival Carillion. ...
