February 21, 2019 / 11:32 AM / 6 months ago

Serco is on 'rubble-watch' amid UK outsourcing distress - CEO

FILE PHOTO: Rupert Soames, CEO of Serco Group Plc poses for a photograph at their offices in London, Britain, July 3, 2018. REUTERS/Simon Dawson

EDINBURGH (Reuters) - Serco’s Chief Executive Rupert Soames said on Thursday the company was “watchful” to see whether there were any opportunities arising from rivals’ distress in UK outsourcing.

“We are distinctly on what you could call rubble-watch in the UK, because that Carillion deal has worked well for us,” Soames said, referring to the work that Serco picked up as a result of Carillion’s collapse just over a year ago.

Reporting by Elisabeth O'Leary; editing by Kate Holton

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