|Bid||81.00 x 1189900|
|Ask||101.00 x 165000|
|Day's Range||94.95 - 99.30|
|52 Week Range||82.25 - 107.30|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||32.60|
|Earnings Date||Feb 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||102.83|
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.
boss Mike Ashley has put video screens in the windows of his new London store, displaying giant dancing turkeys. Not only has he built a 30 per cent shareholding in Debenhams, he has also recently acquired the collapsed department store group House of Fraser from administrators.
The British outsourcer, which runs everything from immigration detention centres to defence services for the government, said profit and sales this year and next would meet its enhanced growth expectations as an overhaul in strategy launched in 2015 began to bear fruit. On Wednesday, the FTSE 250 group confirmed it expected underlying trading profit to grow between 30 and 40 per cent to £90m-95m in 2018 — revised up from a previous figure of £80m — and to £95m-100m in 2019, while revenues were expected to come in at £2.8bn-2.9bn compared to previous guidance of £2.8bn.
led the FTSE 250 gainers after announcing plans to split off its cash-handling business from its security operations. It is clear that four years into its turnaround, investors have been losing patience with G4S. A separation of the two businesses would lead to a clearer investment proposition and reinvigorate the equity story, in our view.
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.
— have “bankrupt” business models and worryingly weak balance sheets, according to a firm used by Whitehall departments to vet private sector bidders for outsourcing contracts. in the years before its collapse in January, with positive profit margins or cash, but little on their balance sheets to fall back on should the cash flow evaporate, said Company Watch.
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, ...
EDINBURGH (Reuters) - Prime Minister Theresa May was robust in giving a pragmatic assessment of Brexit talks to executives on Wednesday but admitted there was little she could do to spur investment while ...
Prime Minister Theresa May told 150 business leaders that her government would be "unequivocally pro-business", May's office said on Wednesday, after criticism from some quarters that business had slipped as a priority in Brexit talks. "She set out that the government would work to build a Britain that would be unequivocally pro-business," May's office said in a statement after addressing the chairs and chief executives, adding that she had also updated them on the progress of Brexit talks without providing details.
British Prime Minister Theresa May told 150 business leaders that her government would be "unequivocally pro-business", May's office said on Wednesday, after criticism from some quarters that business had slipped as a priority in Brexit talks. "She set out that the government would work to build a Britain that would be unequivocally pro-business," May's office said in a statement after addressing the chairs and chief executives, adding that she had also updated them on the progress of Brexit talks without providing details.
British Prime Minister Theresa May was robust in giving a pragmatic assessment of Brexit talks to executives on Wednesday but admitted there was little she could do to spur investment while uncertainty remained, Serco CEO Rupert Soames said. Soames told Reuters that May and finance minister Philip Hammond gave a "reassuringly robust performance" to business leaders, adding that it was "helpful to have practical recognition that the uncertainty is causing investment to slow down" and that there was "not a lot" the government could do about it.
Investors are always looking for growth in small-cap stocks like Serco Group plc (LON:SRP), with a market cap of UK£1.1b. However, an important fact which most ignore is: how financially Read More...
By Julien Ponthus and Helen Reid LONDON (Reuters) - British shares fell only slightly on Friday while bourses on the continent sustained heavy losses after the Italian government set a higher than expected ...
Serco provides public services ranging from running prisons and providing border security to operating ferries and trains, and managing healthcare services from payslips to cleaning. In recent years it has turned its focus abroad and cut costs to compensate for slower public outsourcing in Britain, which accounts for around 40 percent of its revenues. Chief Executive Rupert Soames described Britain as being "in thrall to Brexit," in a telephone interview with Reuters.
Group’s recovery continues, Shore Capital says, after the company guided for higher 2018 revenue and underlying operating profit. “This statement is clearly welcome news,” the investment group says, lifting its adjusted pretax profit estimate for Serco by 21%. Shore leaves its 2019 forecasts unchanged given that the company’s performance has been boosted by one-offs.
Opposition Labour leader Jeremy Corbyn, on a four day trip to boost his party's fortunes in Scotland, will meet asylum seekers in Glasgow on Wednesday amid a row about the treatment of would-be immigrants. Corbyn, who has steered Labour to the left, is calling for Britain to roll back its "dangerous and failed" policy of contracting private firms like Serco, G4S and Capita to deliver and manage public services in healthcare, transport and detention centres. The row over immigrants blew up after Serco announced a plan to change the locks on the homes of asylum seekers whose applications had been refused.
I am writing today to help inform people who are new to the stock market and want to learn about the link between company’s fundamentals and stock market performance. SercoRead More...