Tesco, B&Q and Whitbread scolded in minimum wage crackdown Retail Labour’s new workers’ rights police force has scolded Tesco, B&Q and Whitbread, and more than 600 other firms, for failing to pay the minimum wage. The Fair Work Agency has published the names of 658 companies which have been fined £7m and forced to return £4m to more than 27,000 workers who have not been [...]
‘They want business on board’: How Reform UK is wooing City chiefs at its conference Politics Nigel Farage’s Reform UK is on a mission to win over businesses before the next election. Maurício Alencar and Ali Lyon report on how the party’s upcoming conference in Birmingham could determine its political future. By the time Britain’s executives descend on the Reform UK party conference this week, many will already be well-acquainted with [...]
Serco chief hits back at New Statesman’s outsourcing jibes Politics Serco’s boss has hit back at media criticism in the New Statesman and other outlets as the under-scrutiny firm boosted its sales and eyed more contract wins. The London-listed firm, which is one of Britain’s largest outsourcing companies running everything from bin collections to asylum accommodation, said it remained committed to bidding for contracts in [...]
Defence and immigration help Serco weather outsourcing pressure June 25, 2026 Serco said a boost in defence contracts and higher demand for its immigration services across Europe helped offset delays in its North America business, as it reiterated guidance for the year. The FTSE 250 outsourcing group said revenue for the first six months of the year is expected to rise around three per cent to [...]
Defence boosts Serco amid asylum hotel decline March 5, 2026 Government defence contracts helped Serco deliver a higher profit in 2025 despite a drop in the use of migrant hotels, once a key revenue stream for the London-listed company. Serco, an outsourcing company that covers government work on everything from migrant hotels to waste collection, was boosted by higher state expenditure both in the UK [...]
Serco’s profit jumps as defence arm grows February 27, 2025 Serco has posted revenue of £4.8bn for 2024, in line with prior guidance, thanks to a notable improvement in organic growth, particularly in its North American Defence business. Serco, the global provider of public services, reported underlying operating profit growth of 10 per cent to £274m, with a sharp 30 per cent increase in the [...]
Serco: FTSE giant bags £200m US army deal January 15, 2025 British outsourcing giant Serco has secured a $247m (£203m) contract to enhance the health and fitness of US army soldiers. The government services provider will support 45 US army brigades across 15 locations, including bases in Alaska and Texas. Under the deal, the firm is set to drive soldier fitness, reducing injury rates and supporting [...]
Serco takes UK government to court over prison contract October 29, 2024 British outsourcing giant Serco has launched legal proceedings against the UK government over a prison services contract, City AM can reveal.
Serco: FTSE 250 firm bags new contract for US Space Force Pituffik base in Greenland August 22, 2024 British outsourcing giant Serco has won a $320m (£250m) contract to manage the electrical modernisation of the US Space Force’s Pituffik Space Base in Greenland. The contract, which began this month, will last four years. Serco will modernise the base’s backup electrical plant, enhancing the capacity and stability of the base’s electrical network. Pituffik Space [...]
Serco settles landmark lawsuit linked to overcharging scandal June 18, 2024 Serco Group has settled a landmark lawsuit with a group of institutional investors linked to a historic overcharging scandal.