FTSE edges up but Eurozone gloom continues May 24, 2012 The FTSE 100 staged a tentative recovery in early trading although an inconclusive meeting of Eurozone leaders offered little prospect of a plan to save Greece. Overnight the EU said it wanted Greece to stay in the fold but contingency plans are already underway for an exit from the euro for the debt laden country. [...]
Serco in talks with Amec over sale of nuclear advice business May 23, 2012 OUTSOURCER Serco said yesterday that it was in talks with Amec over the sale of its technical consulting business (TCS). Serco’s TCS provides provides safety advice to the nuclear industry. Amec, an engineering consultancy to the energy sector, has yet to make any formal offer the two companies said. Serco bought TCS for £75m in [...]
Serco starts the year with £4bn contracts win May 14, 2012 OUTSOURCING firm Serco has won nearly £4bn of contracts so far this year, but said yesterday its revenues from the Americas had slumped. The FTSE 100-listed group, which runs services from the Docklands Light Railway to prisons and air traffic control centres around the world, said it expected first-half revenue to grow by around six [...]
Serco buoyed by UK contract wins May 14, 2012 British outsourcing company Serco said almost £4bn of contract wins in the first half of the year and an improving outlook in the UK left it confident of meeting 2012 targets. The British group said it expected first half revenue growth to be around six per cent, almost entirely from last year’s acquisitions, with good [...]
LONDON REPORT May 13, 2012 THIS week will see a string of stormy annual meetings, which will be closely watched for signs that the “shareholder spring” is taking hold. The market is also due to digest some key earnings reports on Thursday and Facebook’s long-awaited US float on Friday. However, today looks set to be relatively quiet on the corporate [...]
FTSE in modest rise as investors eye Fed April 24, 2012 The FTSE 100 saw a modest rally this morning led by banking and commodity stocks as investors looked for signs that the Federal Reserve will inject more liquidity into markets. London’s blue chip index was dented yesterday by uncertainty over who will be the next president of France, the collapse of the Dutch government and [...]
The Mitie boss who says board quotas are not the answer March 25, 2012 HOW many FTSE 250 bosses are on Twitter? Before I met Ruby McGregor-Smith, the chief executive of outsourcer Mitie, I would have confidently said the number was zero. But then @RubyMS, as she is known to those who follow her tweets, is not your average chief executive. Asian, female and under 50 years old, she [...]
G4S and Serco sign asylum deal March 21, 2012 G4S and Serco signed contracts with the UK Border Agency yesterday to deliver services such as accommodation and transport to asylum seekers. The five-year deal with G4S, the world’s largest security firm, is worth £203m in centres in the Midlands and across the north. Meanwhile Serco will provide services in the north west, Scotland, and [...]
FTSE buoyed by retailers as investors eye Budget March 21, 2012 THE FTSE 100 headed up in early trading as retailers regained some momentum while investors were turning their attention to the Chancellor’s budget speech. George Osborne is expected to rejig taxes while seeking to keep his austerity plan on track. However figures showing that that public sector net borrowing hit a record for February cast [...]
SMEs are now winning 14pc of all government contracts March 8, 2012 THE VALUE of government work going to small and medium sized businesses (SMEs) is set to double to £6bn in this financial year, the cabinet office will announce today. SMEs now undertake 13.7 per cent of all government contracts by value, up from 6.5 per cent just over a year ago, the figures show. Cabinet [...]