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Serco To Bid As Prime Contractor For Successor To Skynet 5 Support Contract
Serco Signs 800 Mln Stg Ten-Year Pecs Contract
Serco Wins $49 Million Contract For U.S. Navy
Serco Group plc is a provider of public services. The Company's segments are UK Central Government, which offers services for sectors, including defense, justice & immigration and transport delivered to the United Kingdom Government and devolved authorities; UK & Europe Local & Regional Government, which offers services for sectors, including health and citizen services delivered to the United Kingdom & European public sector customers; Americas, which offers services for sectors including defense, transport and citizen services delivered to the United States federal and civilian agencies, selected state and municipal governments and the Canadian Government; Asia Pacific (AsPac), which offers services for sectors, including defense, justice & immigration, transport, health and citizen services in the Asia Pacific region, including Australia, New Zealand and Hong Kong, and Middle East, which offers services for sectors, including defense, transport and health in the Middle East region.
Bartley Way,16 Bartley Wood Business Prk
Roy Alan Gardner
Independent Non-Executive Chairman of the Board
Rupert Christopher Soames
Group Chief Executive Officer, Executive Director
Angus G. Cockburn
Group Chief Financial Officer, Executive Director
Group General Counsel, Company Secretary
Non-Executive Independent Director
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Britain's accounting regulator said on Tuesday it had fined Deloitte's audit engagement partner Ross Howard for misconduct in the audit of Serco Geografix's 2012 financial statements.
British public-services outsourcer Serco <SRP.L> reported a 29% jump in first-half underlying trading profit driven by its American business and said on Wednesday it was confident of growing faster than the market for the next two years.
Deloitte and a senior partner have been fined and severely reprimanded for misconduct over the audit of Serco Geografix (SGL), an outsourcer that on Thursday formally settled a six-year criminal investigation into fraud and false accounting.
The Financial Reporting Council has fined Deloitte and one of its partners a total of 4.62 million pounds ($5.81 million) for misconduct in relation to the audit of financial statements of Serco Geografix Ltd for the years 2011 and 2012.
A division of Britain's Serco is close to securing a deal under which it will pay a 19.2 million pound ($24 million) fine that looks to draw a line under a long-running scandal over how it billed for electronic tagging contracts.
Britain's Serco has agreed to pay a 19.2 million pound ($24.1 million) fine for three offences of fraud and two of false accounting when it provided electronic tagging to the Ministry of Justice (MOJ) between 2010 and 2013.
Serco nudged its full-year revenue target higher on Wednesday and said a decision on resuming the dividend was looming, after a recent run of contract wins helped the British outsourcer to shine in an otherwise troubled sector.
Serco nudged its full-year revenue target higher on Wednesday after a recent run of contract wins helped the British outsourcer to stand out in an otherwise troubled sector.
Babcock said that on 23 January it received an unsolicited and preliminary proposal from Serco regarding a potential all-share deal. No further proposal had been received, it added.
British outsourcer Serco has made two attempts to merge with its bigger rival Babcock in a deal focused on the defence industry which would have created a company worth 4 billion pounds ($5 billion), The Sunday Times reported.
British outsourcer Serco has made two attempts to merge with its bigger outsourcing rival Babcock, a deal which would create a company worth 4 billion pounds ($5.04 billion), The Sunday Times reported.
British outsourcer Serco on Thursday said it would buy U.S. engineering firm Alion's naval systems unit for $225 million to expand in the fast-growing segment of supplies to the U.S. Navy, sending its shares higher.
British outsourcer Serco will buy Alion's Naval Systems Business Unit (NSBU), a provider of ship and submarine engineering services to the U.S. Navy, for $225 million, Serco said on Thursday.
British outsourcing company Serco said on Monday it signed a contract to operate the Dubai Metro for another two years for up to AED 680 million ($185.14 million).
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.
Britain's Serco raised its 2019 profit and revenue forecasts on Thursday, buoyed by a run of recent contract wins that mark a bright spot in a troubled outsourcing sector beset by what CEO Rupert Soames called "the fog of Brexit".
Britain's Serco raised its revenue and profit expectations for 2019 after a run of recent contract wins, aiming to outpace a sluggish outsourcing sector dogged by what its chief executive called "the fog of Brexit".
Serco and Mears have won contracts totaling 2.9 billion pounds ($3.7 billion) from the British government to provide accommodation and support for asylum seekers, lifting shares in both outsourcing firms.
British outsourcers Serco Group Plc and Mears Group Plc have been awarded contracts by the UK Home Office Visas and Immigration department to provide accommodation and support for asylum seekers, the companies said on Tuesday.
Serco expects revenue to start to grow for the first time in six years in 2019 as it finally starts to reap the rewards of an overhaul but the British outsourcer asked investors to be patient on the restoration of dividend payments.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.