|Bid||132.80 x 1189900|
|Ask||133.30 x 165000|
|Day's Range||130.64 - 133.30|
|52 Week Range||83.60 - 138.30|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||22.22|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||106.42|
G4S, the world’s biggest security company, reported a 63 per cent drop in full-year pre-tax profits after it compensated thousands of employees for lost meal and rest breaks. The company, which employs 570,000 staff across 90 countries, has been forced to pay between £100m and £130m to settle a lawsuit covering 13,500 staff employed between 2001 and 2010 in California. The agreement followed G4S’s previous settlements of two class action lawsuits in California in 2015 and 2017 that were similar in nature and size but cost it £9m in 2018.
Today we'll evaluate Serco Group plc (LON:SRP) to determine whether it could have potential as an investment idea. Specifically, we'll consider its Return On Capital Employed (ROCE), since that willRead More...
EDINBURGH (Reuters) - Serco's Chief Executive Rupert Soames said on Thursday the company was "watchful" to see whether there were any opportunities arising from rivals' distress in UK outsourcing. ...
Britain's Serco raised its 2019 profit and revenue forecasts on Thursday, buoyed by a run of recent contract wins that mark a bright spot in a troubled outsourcing sector beset by what CEO Rupert Soames called "the fog of Brexit". Under Soames, a grandson of British wartime prime minister Winston Churchill, Serco is at the tail end of restructuring and has focused on winning business abroad and cutting costs.
Britain's government will take measures to identify and reduce risks taken by private firms that provide public services, it will say on Wednesday, in a bid to encourage companies that have become increasingly wary of taking on new government business. Britain, which hires private firms to run parts of its health service, schools, prisons and public transport, has been rethinking how it awards contracts after the collapse of contractor Carillion just over a year ago. "A more considered approach to risk allocation will make us a smarter, more attractive client to do business with," cabinet office minister Oliver Dowden will tell business leaders at the Confederation of British Industry on Wednesday.
From Britain's hospitals and schools to its prisons and armed forces, firms supplying essential public services have been asked by the government to outline plans for a no-deal Brexit. "The government has written to some of us asking us 'what are you doing in preparation for a no-deal?' - which is timely, at eight weeks to go," one industry source told Reuters, speaking on condition of anonymity. Private firms including Babcock, Capita, Serco, G4S, Mitie and Compass play a central role in providing Britain's public services, which means they have to procure medicines, toiletries, food, spare parts and labour, much of which come from the EU.
The British outsourcing market shrank 27 percent to 2.5 billion euros (£2.2 billion) in 2018, weighed down by uncertainty around the nation's decision to leave the European Union, research firm Information Services Group (ISG) said on Friday. In Europe, the Middle East and Africa (EMEA) traditional business services contracted out to the sector, providing work for companies such as Capita, Serco and Mitie, rose 9 percent year-on-year however to 12.9 billion euros in 2018. Within that, traditional services which do not require cloud computing shrank 6 percent but other services which do expanded by almost half to 4.9 billion euros, the research found.
Valued at 1.9 billion pounds for Serco and 1 billion pounds for Mears, the 10-year contracts were awarded by Britain's Home Office Visas and Immigration department under the Asylum Accommodation and Support Services Contract (AASC). Shares in Serco were up 6.5 percent at 108.8 pence at 1253 GMT on Tuesday, while Mears rose 6.2 percent to 360 pence on news of the new contracts, which sources told Reuters last month had attracted few private sector bids.
If you're interested in Serco Group plc (LON:SRP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could Read More...
Britain's Brexit-sensitive domestic stocks fell on Thursday as investors decided Prime Minister Theresa May's victory in a leadership challenge clarified little in the country's protracted divorce from the European Union. The mid-cap FTSE 250 index (.FTMC) ended the day down 0.8 percent, giving up early gains as worries that a disorderly Brexit would hurt the economy returned. Weak results from retailers Sports Direct and Bonmarche also dragged the market down, denting investors' appetite for stocks sensitive to slowing consumer spending.
Serco (SRP.L) expects revenue to start to grow for the first time in six years in 2019 as it finally starts to reap the rewards of an overhaul but the British outsourcer asked investors to be patient on the restoration of dividend payments. The services provider predicted positive free cash flow in 2018 after three years of outflows, sending its shares up as much as 10 percent. Some analysts now see Serco as a bright spot in a struggling sector and hope the company will be able next year to reinstate a dividend suspended in 2014.
British government contracts worth 4 billion pounds to house asylum seekers have drawn few bids from private firms in a sign that the collapse of Carillion has dampened appetite for riskier projects, sources involved in the process say. A decision on bids for the Asylum Accommodation and Support Services Contract (AASC), in which private firms provide housing for migrants in seven UK regions is due to be made before Christmas. Britain hands out 200 billion pounds of public work to private firms every year but this is the most significant services contract since Carillion, a provider of defence, education, health and transport services, collapsed in January.
The Reading-based outsourcer, which employs 75,000 worldwide and has thousands of UK government contracts to clean hospitals and serve school meals, said on Sunday it would seek to cut its debt to 1.5 times core earnings in talks with lenders it hopes to complete early next year. Chief Executive Debbie White said that the company was trading well and in line with expectations for 2018, and that the debt reduction plan, first floated in a refinancing in April, had government support. Carillion's (CLLN.L) collapse in a mass of debt and pensions dues in January forced the government to step in to guarantee services ranging from roadworks to school meals and led to a parliamentary inquiry into the extent to which private companies should be running essential services.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
British business services company Capita (CPI.L) said it would adopt a continuity plan to protect services it provides to the public sector in times of crisis. Capita did not say by when it would introduce the measure, aimed at ensuring public services are protected in a crisis following the collapse of outsourcing firm Carillion at the start of this year. "Capita has signed up to adopt "living wills" along with Serco and Sopra Steria," it said in a statement.
Nov 9 (Reuters) - Serco Group PLC: * SERCO GROUP PLC - SERCO SIGNS NEW £30M CONTRACT WITH HONG KONG GOVERNMENT TO MANAGE TWO NEW TUNNELS FOR MAJOR ROAD PROJECT * SERCO GROUP PLC - TOTAL VALUE OF CONTRACT, ...