|Bid||0.00 x 1189900|
|Ask||106.00 x 165000|
|Day's Range||87.00 - 89.25|
|52 Week Range||82.25 - 149.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 22, 2018|
|Forward Dividend & Yield||0.08 (3.50%)|
|1y Target Est||113.33|
Today, I will be analyzing Serco Group plc’s (LSE:SRP) recent ownership structure, an important but not-so-popular subject among individual investors. Ownership structure has been found to have an impact onRead More...
It was a totemic change but it passed almost without notice. In 2016, Serco, the outsourcing group, quietly issued officers at five of its six private prisons with extendable batons for their personal ...
British outsourcing group Capita (CPI.L) lost 40 percent of its market value on Wednesday after its new boss slashed profit forecasts and set out plans to raise cash to avoid the same fate as collapsed rival Carillion. Just two weeks after Carillion perished under a pile of debt, Capita, which provides IT services to companies and governments to cut costs, said it needed a complete overhaul and to retrench. Under new Chief Executive Jonathan Lewis who arrived in December, Capita said it would raise around 700 million pounds ($992 million) in a rights issue in 2018, scrap the dividend and sell assets to enable it to boost investment, focus on contract profitability, and plug a hole in its pensions scheme.
The British government monitors the financial health of all its strategic suppliers and does not believe that any, including Capita (CPI.L), are in a comparable position to Carillion, a spokesman for Prime Minister Theresa May said on Wednesday. "Broadly we monitor the financial health of all our strategic suppliers, including Capita, and we are in regular discussions with them regarding their financial position," the spokesman told reporters, after Capita shares fell sharply on news of a restructuring.
LONDON/BALMEDIE, Scotland (Reuters) - In Balmedie, a village on the northeast coast of Scotland, an unfinished 12 km stretch of dual carriageway is a stark illustration of why British construction company Carillion went bust this week. Britain's biggest corporate failure in almost a decade threatens thousands of jobs and has forced the government to step in to guarantee a slew of public services that the firm had provided. A handful of workers in high-visibility jackets could be seen still on the building site this week, on a bitterly cold day, nine months after that section of the route was expected to open.
By Julien Ponthus LONDON (Reuters) - UK shares edged lower on Monday as investors counted the cost of construction group Carillion's (CLLN.L) collapse, including supply chain disruption and higher costs ...
Rupert Soames took the helm as Serco Group plc’s (LSE:SRP) CEO and grew market cap to £1.08B recently. Understanding how CEOs are incentivised to run and grow their company isRead More...
An upbeat outlook on Wednesday from Serco lifted shares in the British outsourcer, which runs government services in defence, justice, immigration, transport and health, bucking recent pressure on the sector due to political uncertainty. Serco said strong growth in overseas markets was offsetting slower prospects at home because of Brexit. Although Chief Executive Rupert Soames was positive about the prospects for Serco once Britain's exit from the European Union is decided, he said the pipeline was unpredictable.
** Troubled British construction firm Carillion said it had reached a deal to sell a large part of its UK healthcare facilities management business to outsourcing group Serco, helping it cut its debt by 41.4 million pounds. ** A unit of Thai Beverage has expressed interest in buying about 51 percent of Vietnam's Sabeco, the Vietnamese trade ministry, which is looking to sell a $5 billion stake in the nation's biggest brewer, said. ** Malaysia's AMMB Holdings (AmBank) Bhd is weighing a sale of its general insurance business as part of a move to exit non-core businesses and focus on its main bank operations, said three people with knowledge of the development.
The company's shares, which have slumped more than 90 percent since a profit warning in July, rose as much at 10 percent in early trade on Wednesday. Carillion, which has said it was heading towards a breach of debt covenants and needed fresh capital, had said it would exit its UK healthcare and Canadian businesses to help raise more than 300 million pounds by the end of 2018 from disposals. The sale, for about 47.7 million pounds ($63.55 million), includes a portfolio of healthcare facilities management contracts and related ancillary contracts and assets.
Troubled British construction firm Carillion said on Wednesday it had reached a deal to sell a large part of its UK healthcare facilities management business to outsourcing group Serco, helping it cut its debt by 41.4 million pounds. Carillion, which has said it was heading towards a breach of debt covenants and needed fresh capital, had said it would exit its UK healthcare and Canadian businesses to help raise more than 300 million pounds by the end of 2018 from disposals. The sale, for about 47.7 million pounds ($63.55 million), includes a portfolio of healthcare facilities management contracts and related ancillary contracts and assets.
Serco Group plc (LSE:SRP) is a small-cap stock with a market capitalization of £996.75M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, theyRead More...
Serco Group plc (LSE:SRP), a commercial services and supplies company based in United Kingdom, saw significant share price volatility over the past couple of months on the LSE, rising toRead More...
Babcock (BAB.L) warned that British defence spending reviews could slow revenue growth at its land division next year, sending shares in the engineering outsourcing company 5 percent lower despite first-half earnings in line with expectations. The British group, which provides design, production, maintenance and training services for the defence and engineering industry, derives three quarters of its revenue from the UK and its shares have come under sustained pressure from expectations that Brexit will delay customer decision-making. The stock is down 20 percent in the past 6 months, roughly in line with other British outsourcers, which broker Peel Hunt said reflects investor concern over pressures on the funding of UK defence programmes, the issues at other companies in the outsourcing sub-sector and increased political uncertainty.
International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on November 15th and 16th, 2017
NEW YORK , Nov. 13, 2017 /PRNewswire/ -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on November 15 th and 16 th , featuring live ...
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Serco Group Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bearish ... Read more (Read more...)
Firmer commodities-related stocks barely kept the UK's top share index out of negative territory on Tuesday as results depressed Whitbread, though small cap Carillion saw its shares boosted by progress with its debt. Britain's blue chip FTSE 100 (.FTSE) index ended flat at 7,526.54 points and mid caps (.FTMC) fell 0.1 percent. "Away from politics, it's been quiet on the Brexit front, so I think British investors are looking more at earnings season," said Henry Croft, research analyst at Accendo Markets.
Serco Group plc (LSE:SRP), a commercial and professional services company based in United Kingdom, received a lot of attention from a substantial price movement on the LSE in the overRead More...