Mark Kleinman: The world’s local bank just got more complex October 31, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles HSBC’s shake-up, CBI losing its voice and recruiting a watchdog referee The world’s local bank just got more complex If it ain’t broke, don’t fix it. Investors in HSBC Holdings would [...]
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.
‘Madness’: Sky News moves Ian King Live out of Square Mile September 5, 2024 Sky News’ flagship business programme, Ian King Live, has left its iconic Square Mile address, relocating to Sky Group’s headquarters in Osterley, City A.M. has learned. The channel initially moved its business operations to 10 Fleet Place in September 2019, where it shared a studio with sister channel CNBC Europe. However, according to correspondence seen [...]
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 shares nudge higher after raising profit guidance June 27, 2024 Serco shares jumped over six per cent this morning after the outsourcing giant lifted its annual profit forecast.
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.
SFO makes strides on disclosure but funding crucial to fixing problems, report finds April 30, 2024 The UK's anti-fraud agency has made progress in reforming how it manages evidence disclosure in its high-profile cases, but more government funding is needed to help fix the problems, a report has found.
Biometric systems used to monitor staff data now under review after ICO clampdown April 16, 2024 The regulator investigated the company and found it was “unlawfully” processing the biometric data of more than 2,000 employees at 38 leisure facilities.
Serco chief commits to London listing and says global ‘complexity’ likely to hike demand February 29, 2024 Outsourcer Serco's chief exec believes a world of growing "complexity" is likely to stimulate demand for the contractor's solutions, he told City A.M. this afternoon
Serco announces buyback and dividend hike as firm reaps the rewards from government contracts February 29, 2024 Asset manager and warehouse developer Segro made a profit during the full year, helped by securing lucrative government contracts.