The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
Best of the Brokers for 17 October 2013 October 16, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com MICHELIN Macquarie has an “outperform” rating on the tyre maker and a 12-month target of €91. The broker sees a moderate recovery in the EU car market, which combined with a strong bounce in truck tyres should push volumes up 2.7 per cent [...]
Serco could lose key Whitehall contracts following fraud probe October 13, 2013 OUTSOURCING firm Serco risks losing three major government contracts if it can’t improve its performance in six weeks. The Cabinet Office, the watchdog for government procurement, is currently investigating Serco’s Whitehall contracts after the company was hit with allegations of fraud in July after claims that it had altered records on the transport and tagging [...]
Serco tight-lipped on rumours of UK and Europe chief’s exit October 6, 2013 TROUBLED outsourcing firm Serco was thrown into further turmoil after it emerged yesterday that its UK and Europe chief executive is expected to leave. The company – which dropped out of the FTSE 100 at the latest quarterly reshuffle – would not confirm Jeremy Stafford’s imminent departure, which was reported by the Sunday Times citing [...]
Serco slims portfolio with sale of occupational health business October 4, 2013 Serco Group has slimmed down its portfolio, having sold off its UK occupational health business for consideration of £3.5m. (Release) Serco had anticipated that the disposed business, which provides occupational health services to 450,000 public and private sector client employees, would deliver restricted growth, owing to it not being entirely in line with other similar [...]
CITY MOVES | WHO’S SWITCHING JOBS October 4, 2013 Avanti Communications Group Paul Walsh, chief executive of Diageo, has joined the board of satellite data company Avanti Communications as a non-executive director. He is also a non-executive director of FedEx Corporation and Unilever. Prior to joining Diageo, Walsh held financial and commercial positions with InterContinental Hotels and in the GrandMet food business, becoming CEO [...]
Serco in fraud probe over tags for the dead September 27, 2013 OUTSOURCING firm Serco could face a fraud probe after a government report alleged it was charging for electronically tagging criminals who were either dead, in prison, or had never been tagged. The Serious Fraud Office (SFO) yesterday confirmed that the Ministry of Justice has asked it to consider a full-blown investigation into the firm, following [...]
Serco in fraud probe over tags for the dead September 26, 2013 OUTSOURCING firm Serco could face a fraud probe after a government report alleged it was charging for electronically tagging criminals who were either dead, in prison, or had never been tagged. The Serious Fraud Office (SFO) yesterday confirmed that the Ministry of Justice has asked it to consider a full-blown investigation into the firm, following [...]
Best of the Brokers for 25 September 2013 September 24, 2013 AMEC UBS has cut its rating on the engineering group to “neutral” and lowered its price target from 1,200p to 1,145p. The broker raises concerns about a possible slowdown in Amec’s end-markets and believes earnings momentum, once acquisitions are stripped out, is likely to head lower. CAPITA Panmure Gordon keeps its “hold” recommendation and 950p [...]
Bumi slips out of FTSE 250 after index kicks out troubled miner September 11, 2013 COALMINER Bumi yesterday slipped out of the FTSE 250 at the index’s quarterly review, bringing an end to a deeply unsuccessful spell in the top tiers of British business. The company will now became a member of the FTSE Small Cap index. Set up in 2010 by Nat Rothschild, Bumi has endured a turbulent existence [...]
Serco to probe prisoner contract allegations September 11, 2013 OUTSOURCING firm Serco yesterday said that an internal review into its prisoner escorting contract is now underway, after the Ministry of Justice called in the police to investigate allegations of fraud. The company, which was demoted from the FTSE 100 index yesterday in the quarterly reshuffle, said that it has established a specific board committee [...]