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British contractor Serco said its revenues continued to grow in 2022 as surging UK government demand for its ‘immigration services’ offset a drop in Covid-related work. Serco said its overall revenues increased by £109m to £4.53bn in 2022, despite a £480m drop in income from work surrounding Covid-19. Higher revenues from Serco’s businesses running [...]
British outsourcing giant Serco has won a $690m (£573m) contract from the US government to administer the country’s public health insurance schemes. Serco will run back-office delivery of America’s public health insurance initiatives in determining whether US citizens are eligible to buy coverage through the government-backed schemes. Serco’s renewed contract, which it first won [...]
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 [...]
Government outsourcing giant Serco has snapped up Swiss specialist immigration firm ORS in a £39m deal, the firm announced this morning.
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 [...]
Outsourcing company Serco Group saw a 58 per cent jump in profit following a strong first-half, the Test & Trace provider told the market this morning Revenue for the business rose to £2.2bn in the six months ending June 30, which grew 19 per cent over the last period. Underlying trading profit for the first-half [...]
Outsourcing giant Serco today said it expects profit to reach up to £125m in the first half of the year – up more than 50 per cent from the first half of 2020. Serco, which has outperformed the wider UK outsourcing space, said in a trading update this morning that it expects stronger demand for [...]
Outsourcing giant Serco today announced it has been awarded a new contract with the Department of Health and Social Care (DHSC) to continue providing Covid test and trace services. It comes just days after a National Audit Office (NAO) review into the largely privatised service found that 600m tests were unaccounted for and the £22bn [...]
Outsourcing giant Serco today raised its 2021 profit outlook by £15m to around £200m, sending the company’s share price up by 4.5 per cent. Serco, which has outperformed the wider UK outsourcing space, said that it expects stronger demand for its Covid-19 services this year. The firm is set to benefit from its focus on [...]
A former Serco executive who was cleared of defrauding taxpayers by hiding millions of pounds in profits has called for the abolition of the white collar crime agency that pursued him. Simon Marshall, who was acquitted last month, said the Serious Fraud Office (SFO) did not have “anything to do with justice” and should be [...]
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