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United Kingdom

Serco Group PLC (SRP.L)

SRP.L on London Stock Exchange

131.30GBp
22 Mar 2019
Change (% chg)

-1.60 (-1.20%)
Prev Close
132.90
Open
132.20
Day's High
133.30
Day's Low
131.00
Volume
283,068
Avg. Vol
2,383,646
52-wk High
138.30
52-wk Low
83.50

Latest Key Developments (Source: Significant Developments)

Serco Signs New $200 Mln Contract To Support US PBGC
Friday, 8 Mar 2019 

March 8 (Reuters) - Serco Group PLC ::SERCO SIGNS NEW $200M CONTRACT TO SUPPORT US PBGC.SINGLE AWARD, INDEFINITE DELIVERY INDEFINITE QUANTITY (IDIQ) CONTRACT HAS A ONE-YEAR BASE PERIOD AND FOUR OPTION YEARS.  Full Article

Serco Signs £560 Mln Contract With Bupa
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Serco Group PLC ::SERCO SIGNS £560M CONTRACT WITH BUPA.FULL OPERATIONAL SERVICE UNDER NEW CONTRACT WILL BEGIN ON 1 JULY 2019..WILL BE SUPPORTING COMMONWEALTH OF AUSTRALIA'S DEPARTMENT OF DEFENCE THROUGH PROVISION OF NGHS TO AUSTRALIAN DEFENCE FORCE.  Full Article

Serco Awarded $46 Mln In Task Orders Supporting U.S. Navy
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Serco Group PLC ::SERCO AWARDED $46 MILLION IN TASK ORDERS SUPPORTING U.S. NAVY.SERCO GROUP PLC - SERCO INC AWARDED TWO PRODUCTION TASK ORDERS WORTH $46 MILLION IN TOTAL.  Full Article

Serco Group Signs 30 Mln STG Contract With Hong Kong Government
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Serco Group PLC ::SERCO GROUP PLC - SERCO SIGNS NEW £30M CONTRACT WITH HONG KONG GOVERNMENT TO MANAGE TWO NEW TUNNELS FOR MAJOR ROAD PROJECT.SERCO GROUP PLC - TOTAL VALUE OF CONTRACT, EXCLUDING ANY EXTENSION, IS HK$305M ,EQUIVALENT TO APPROXIMATELY £30M.  Full Article

Serco Awarded Contract Extension At Ministry Of Defence St Athan
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Serco Group PLC ::SERCO AWARDED CONTRACT EXTENSION AT MOD ST ATHAN.AWARDED ONE YEAR EXTENSION TO CONTRACT TO PROVIDE SUPPORT SERVICES AT MINISTRY OF DEFENCE ST ATHAN IN VALE OF GLAMORGAN IN SOUTH WALES.  Full Article

Serco Inc Awarded $22 Mln Contract To Deliver Training To U.S. Army
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Serco Inc::SERCO INC - AWARDED $22 MILLION CONTRACT TO DELIVER TRAINING TO U.S. ARMY.SERCO INC - CONTRACT HAS A ONE-YEAR BASE PERIOD PLUS FOUR ONE-YEAR OPTION PERIODS.  Full Article

Top Shareholder MSD Partners Cuts Stake In Serco To 4.97 Pct - Filing
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Filing::TOP SHAREHOLDER MSD PARTNERS CUTS STAKE IN SERCO GROUP TO 4.97 PERCENT FROM 10 PERCENT EARLIER - FILING.  Full Article

Serco an outlier in sluggish UK business climate-CEO Soames
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Serco Group PLC ::CEO Soames tells Reuters in an interview that outsourcing backdrop is still sluggish in UK, Serco is an outlier.CEO says margins should improve to 3.5 percent on basis of expected increase in 2018 profit.CEO sees U.S. and Australian market "pretty upbeat", Middle East difficult to read, UK still "in thrall to brexit".CEO Soames says "God knows" what outcome we can expect from Brexit.  Full Article

Serco Group Expects Full-Year Profit To Beat Market Expectations
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Serco Group PLC ::FY REVENUE 2.8 BILLION STG.TRADING IN FIRST FEW MONTHS OF SECOND HALF BEING BETTER THAN WE ANTICIPATED.PREVIOUS GUIDANCE WAS FOR REVENUE OF £2.7-2.8BN AND UNDERLYING TRADING PROFIT OF AROUND £80M..NOW INDICATES REVENUE OF APPROXIMATELY £2.8BN AND UNDERLYING TRADING PROFIT OF £90-95M.LATTER WOULD REPRESENT GROWTH OF BETWEEN 30 AND 40% ON RESULT FOR 2017.NOW BELIEVE THAT A NUMBER OF NON-RECURRING TRADING ITEMS SUCH AS END-OF-CONTRACT SETTLEMENTS AND OTHER COMMERCIAL NEGOTIATIONS WILL CONTRIBUTE TO A STRONGER OUTCOME FOR 2018 THAN WE EXPECTED.2018 OUTCOME WILL BE MEANINGFULLY AHEAD OF CURRENT MARKET CONSENSUS.PREVIOUS GUIDANCE WAS FOR REVENUE OF £2.7-2.8BN AND UNDERLYING TRADING PROFIT OF AROUND £80M.ANTICIPATE THAT WE WILL RECEIVE EARLY REPAYMENT OF A VENDOR LOAN NOTE ISSUED ON OUR DISPOSAL OF INTELENET IN 2015.AS A CONSEQUENCE, WE NOW EXPECT LEVERAGE FOR COVENANT PURPOSES OF LESS THAN 1.5X EBITDA AT YEAR END.LATEST VIEW, WHICH IS AT ESTIMATED REPORTED CURRENCY RATES, NOW INDICATES REVENUE OF APPROXIMATELY £2.8BN AND UNDERLYING TRADING PROFIT OF £90-95M.ACCOUNTING NET DEBT AT END OF YEAR, WHICH WE PREVIOUSLY THOUGHT WOULD BE AT MID-TO-UPPER END OF OUR £200-250M GUIDANCE RANGE, IS NOW EXPECTED TO BE TOWARDS LOWER END OF THAT RANGE.WE NOW EXPECT LEVERAGE FOR COVENANT PURPOSES OF LESS THAN 1.5X EBITDA AT YEAR END.WE ARE MINDFUL OF FACT THAT 2019 WILL NOT BENEFIT FROM NON-RECURRING TRADING ITEMS WE EXPECT TO SEE IN 2018.  Full Article

Serco Signs Contract With Australian Defence Force's Joint Logistics Command
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Serco Group PLC ::SIGNED CONTRACT WITH AUSTRALIAN DEFENCE FORCE'S JOINT LOGISTICS COMMAND TO CONTINUE PROVIDING MIDDLE EAST LOGISTICS & BASE SUPPORT SERVICES.CONTRACT, STARTING IN JAN 2019, HAS A THREE-YEAR BASE PERIOD WITH TWO INDIVIDUAL OPTION YEARS AND VALUE OF APPROXIMATELY AU$135M.  Full Article

BUZZ-Babcock International: dented by Brexit restructuring costs

** Shares of British defence contractor down 5 pct - top loser on the Midcap index