Serco buys US defence contractor Whitney, Bradley & Brown for £212m

Serco hoping to go into space after snapping up US defence contractor Whitney, Bradley & Brown for £212m By Daily Mail City & Finance Reporter Published: 22:00 GMT, 16 February 2021 | Updated: 22:00 GMT, 16 February 2021 Serco said its takeover of Whitney, Bradley & Brown could open the door to the Pentagon Outsourcer Serco … Read more

Outsourcer Serco hit by nuclear submarine blow

Serco, Lockheed Martin and Jacobs set to lose contract to develop warheads for Britain’s fleet of nuclear submarines By Daily Mail City & Finance Reporter Published: 21:50 GMT, 1 November 2020 | Updated: 21:50 GMT, 1 November 2020 Outsourcer Serco, defence firm Lockheed Martin and Jacobs Engineering are set to lose a contract to develop … Read more

Serco boss blasts back at critics of Test and Trace ‘shambles’

Scepticism is a peculiarly British trait. The idea that we might actually be able to do something well seems too absurd to contemplate.  Before the 2012 Olympics, the general view was it was all going to be a disaster: the stadiums would be late; the Tube drivers would go on strike; the opening ceremony would … Read more

MARKET REPORT: Serco soars as it defends Covid role

MARKET REPORT: Shares in Serco soar after outsourcing giant brags about its ‘outstanding’ work on NHS’s troubled test and trace system By James Salmon for the Daily Mail Published: 21:51 BST, 16 October 2020 | Updated: 21:54 BST, 16 October 2020 Shares in Serco soared after the outsourcing giant bragged about its ‘outstanding’ work on … Read more

Serco announces £25m profits boost after landing contract extensions to provide Test and Trace sites

Serco announces £25m profits boost after landing contract extensions to provide Test and Trace sites and call handlers – a day after anti-Covid system’s worst ever week Outsourcing giant Serco said it expects a trading profit of £160m to £165m Bosses said this was ‘an indication of customer’s satisfaction with quality work’ Before the extension to … Read more

Serco accidentally shares e-mail addresses of 300 people training to be coronavirus contact tracers

Contact tracers hired to halt the spread of coronavirus in the UK have been told to consult YouTube for advice on how to deal with bereaved family members, it was revealed today. Health Secretary Matt Hancock announced on Monday that 21,000 tracers would be receiving ‘rigorous’ and ‘detailed’ training needed for the important role, seen as … Read more

MARKET REPORT: Back from the dead – first divi in six years from Serco

Shareholders in Serco are getting their first dividend in six years after the outsourcing giant triumphantly returned to growth. It will pay investors 1p per share after its recovery plans finally hit ‘escape velocity’, with boss Rupert Soames hailing it as an important milestone. The payout has been a long time coming, and lifted shares … Read more

Serco bosses charged with fraud over electronic tagging scandal

Serco bosses charged with fraud and false accounting after firm billed Government for tagging criminals who were dead or in jail By Hugo Duncan for the Daily Mail Published: 21:51 GMT, 16 December 2019 | Updated: 22:58 GMT, 16 December 2019 Two former Serco directors have been charged with fraud and false accounting over its … Read more

Serco to pay first dividend since 2014 after returning to growth

Serco to pay first dividend since dead criminal monitoring scandal as UK operations return to growth By Daily Mail City & Finance Reporter Published: 21:51 BST, 12 December 2019 | Updated: 21:51 BST, 12 December 2019 Serco is poised to pay its first dividend since 2014 Serco is poised to pay its first dividend since … Read more