Serco Group plc (SRP.L)
| Previous close | 156.60 |
| Open | 155.30 |
| Bid | 156.40 x 0 |
| Ask | 156.70 x 0 |
| Day's range | 154.20 - 159.72 |
| 52-week range | 118.90 - 199.00 |
| Volume | |
| Avg. volume | 3,554,713 |
| Market cap | 1.848B |
| Beta (5Y monthly) | 0.30 |
| PE ratio (TTM) | 12.02 |
| EPS (TTM) | 0.13 |
| Earnings date | 04 Aug 2022 |
| Forward dividend & yield | 0.03 (1.63%) |
| Ex-dividend date | 08 Sept 2022 |
| 1y target est | 206.50 |
- The Guardian
Serco injected £60m to prop up pension fund after market meltdown
£1bn scheme is the latest to scramble to raise cash after Kwarteng’s tax-cutting mini-budget sparks turmoil
- Sky News
£1bn Serco pension scheme seeks loan from outsourcer amid markets turmoil
The pension schemes of Serco, the government contractor, have approached their sponsor to seek financial support amid a funding crunch triggered by this week's wild gyrations in financial markets. Sky News has learnt that the outsourcing giant's pension trustees contacted the company in recent days about establishing a new credit facility in the event of a continued deluge of collateral calls. The request is thought to be highly unusual and highlights the turmoil caused even in well-funded and well-run corporate pension schemes by the sudden surge in gilt yields that followed last Friday's fiscal statement by Chancellor Kwasi Kwarteng.
- The Telegraph
Those of a nervous disposition might give up on this stock – but not us
Engineer and environmental consultant Ricardo has yet to set the world alight since our initial analysis in March last year, and fears of a global recession could weigh on sentiment for some time to come, especially as the company has exposure to the car industry.
