Churchill’s grandson and Serco chief named new chair of Smith & Nephew February 17, 2023 The grandson of Sir Winston Churchill and chief executive of Serco has been unveiled as the new chair of 167-year-old medical tech firm Smith & Nephew. Rupert Soames will assume the position at the London-listed company following the retirement of Roberto Quarta, the firm announced. He will take the reins in late September, after joining [...]
Serco chief Rupert Soames to retire: ‘It is now time for me to outsource myself’ September 12, 2022 Chief of British outsourcing giant Serco Group Rupert Soames said he would “outsource myself” as he announces his retirement. Soames, 63, will step down from the role and board by the end of this year and will be succeeded by Mark Irwin, the chief of the firm’s UK & Europe division. “It has been the [...]
Serious Fraud Office to call for overhaul of disclosure regime following trial issues September 4, 2022 THE UK’s Serious Fraud Office (SFO) is pushing for the UK’s current disclosure framework to be reformed and brought into the 21st century, City A.M. has learned. The head of the fraud agency, Lisa Osofsky, is expected to use a speech in Cambridge tomorrow to call for an overhaul of the current disclosure regime, which [...]
Serco snaps up immigration services firm ORS for £39m September 1, 2022 Government outsourcing giant Serco has snapped up Swiss specialist immigration firm ORS in a £39m deal, the firm announced this morning.
Refuse collection workers go head to head with Serco as they plan to strike during Commonwealth Games July 15, 2022 Refuse collection workers in the West Midlands are to strike on the opening week of the Commonwealth Games. Members of the GMB union will take five days of action – on July 28, when the Games open in Birmingham, July 29 and August 4, 5 and 8. The union said private contractor Serco, which runs [...]
London-listed energy giants shake off windfall tax jitters May 26, 2022 London-listed energy firms shook off concerns over the impact of a looming windfall tax on their excess profits during opening exchanges this morning. The capital’s premier FTSE 100 index edged 0.09 per cent higher to 7,529.53 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Outsourcing giant Serco posts ‘outstanding’ results on the back of ‘toughest’ year ever February 24, 2022 UK government contractor Serco today posted bumper profits, as it continued to capitalise on Covid and the impacts of the global pandemic. The Hampshire headquartered firm said its profits soared by 21 per cent, as contracts for work on the UK governments Covid-19 response lasted much longer than expected into 2021. Serco CEO Rupert Soames [...]
UK to strengthen ‘space clusters’ following £1.4bn defence investment February 2, 2022 The UK is set to inject extra cash into so-called ‘space clusters’ – regional hubs where the space industry is booming, such as Cornwall and Scotland. Forming part of the government’s Levelling Up White Paper today, it comes as the Ministry of Defence (MoD) confirmed a £1.4bn investment into future space defence yesterday. Defence secretary [...]
Serco hikes profit forecasts on buoyant Covid-19 support work November 15, 2021 Work to support governments in their response to the Covid-19 crisis prompted outsourcer Serco to hike its profit forecasts. The firm now expects to rake in at least £225m in profits for the year, up from around the £200m set out in its previous guidance. “In the UK and Australia, volumes of work related to [...]
RMT rouses Caledonian Sleeper staff into new wave of ins November 9, 2021 RMT has confirmed a two-day strike is going ahead this week on the Caledonian Sleeper in Scotland. Workers on the sleeper service have been roused into action for the fourth time following a protracted pay dispute with Serco. The industrial action takes place between 11th and 13th November. The train provides overnight journeys from London [...]