Serco on track despite austerity

Outsourcing firm Serco said yesterday it had won almost £2bn of work to date in the second half of the year, and that it expected to meet full-year expectations.

Serco, which runs services from UK immigration centres to the Dubai metro, said total work won this year stood at £4.4bn, in line with last year, though its UK and US markets are hampered by government spending austerity plans.