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Serco Group PLC (SRP.L)

SRP.L on London Stock Exchange

92.45GBp
21 Sep 2018
Change (% chg)

-2.95 (-3.09%)
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95.40
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Latest Key Developments (Source: Significant Developments)

Serco, BAE Systems Secures UK MoD Support Contract
Tuesday, 11 Sep 2018 01:11pm EDT 

Sept 11 (Reuters) - Serco Group Plc::BAE SYSTEMS, SERCO COLLABORATE TO WIN 42 MILLION STG UK MINISTRY OF DEFENCE SUPPORT CONTRACT FOR BAE 146 FLEET.  Full Article

Serco Awarded $51 Million Single-Award Idiq To Support U.S. Military
Tuesday, 11 Sep 2018 10:20am EDT 

Sept 11 (Reuters) - Serco ::SERCO AWARDED $51 MILLION SINGLE-AWARD IDIQ TO SUPPORT U.S. MILITARY.SERCO - CONTRACT HAS ONE-YEAR BASE PERIOD PLUS FOUR ONE-YEAR OPTION PERIODS, WITH A CEILING VALUE OF $51 MILLION, IF ALL OPTION YEARS ARE EXERCISED.  Full Article

Serco Group Updates On Health Facilities Acquisition​
Wednesday, 14 Feb 2018 02:00am EST 

Feb 14 (Reuters) - Serco Group Plc ::‍SERCO SEA UPDATE ON HEALTH FACILITIES ACQUISITION​.‍REVISED BUSINESS PURCHASE AGREEMENT SIGNED WITH SPECIAL MANAGERS, PROVISIONAL LIQUIDATORS ACTING ON BEHALF OF RELEVANT CARILLION SUBSIDIARIES​.‍IF ALL CONTRACTS ARE TRANSFERRED TO SERCO UNDER REVISED BPA PROCESS, TOTAL CONSIDERATION PAYABLE WOULD BE £29.7M​.‍POTENTIAL REVENUES, PROFITABILITY OF CONTRACTS TRANSFERRED UNDER BPA SUBSTANTIALLY UNCHANGED FROM INDICATED IN DECEMBER 2017​.‍UPON RECEIPT BY SPECIAL MANAGERS AND LIQUIDATORS OF REQUISITE CONSENTS, EACH CONTRACT WILL BE TRANSFERRED TO CO ON CASH- FREE, DEBT FREE BASIS​.  Full Article

Serco Says Karen Shields To Lead Health Services Business Unit‍​
Friday, 2 Feb 2018 01:13pm EST 

Feb 2 (Reuters) - SERCO GROUP PLC ::KAREN SHIELDS PROMOTED TO LEAD SERCO'S HEALTH SERVICES BUSINESS UNIT‍​.IN HER NEW ROLE, SHIELDS OVERSEES CO'S OPERATIONS ON CMS CONTRACT AWARDED IN 2013.SHIELDS ALSO LEADS EXPANSION OF CO'S CONSULTING, BUSINESS PROCESSING, AND OPERATIONAL SOLUTIONS THAT ASSIST GOVERNMENTS WITH HEALTHCARE SERVICES.SHIELDS NOW REPORTS DIRECTLY TO DAVE DACQUINO, SERCO'S CHAIRMAN AND CEO.  Full Article

Serco Awarded $600 Million Single-Award ID/IQ Contract to Support Disaster Recovery
Tuesday, 2 Jan 2018 08:30am EST 

Jan 2 (Reuters) - Serco Group Plc ::AWARDED A POSITION ON FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) PUBLIC ASSISTANCE TECHNICAL ASSISTANCE CONTRACT (PA TAC) IV.RECEIVED A SINGLE-AWARD INDEFINITE DELIVERY, INDEFINITE QUANTITY (ID/IQ) CONTRACT THAT HAS A CEILING VALUE OF $600 MILLION OVER NEXT FIVE YEARS.  Full Article

Serco Group says standing down on Middle East Light Rail Bids
Monday, 13 Nov 2017 10:15am EST 

Nov 13 (Reuters) - Serco Group Plc :TENDERING PROCESS FOR MIDDLE EAST RAIL OPPORTUNITIES IS TAKING MUCH LONGER THAN ANTICIPATED, DECIDED TO STAND DOWN BIDDING TEAMS AND REDIRECT EFFORTS ELSEWHERE​.THE BIDS REPRESENTED AN AGGREGATE £2.5BN OF £7.9BN PIPELINE; THEY WILL NO LONGER BE PART OF NEXT PIPELINE UPDATE THAT WILL BE REPORTED WITHIN FY RESULTS.  Full Article

Serco wins 26 mln stg extension to pilot training contract
Thursday, 26 Oct 2017 10:22am EDT 

Oct 26 (Reuters) - SERCO GROUP PLC ::AWARDED EXTENSION TO HELICOPTER PILOT TRAINING CONTRACT AT RAF BENSON‍​.EXTENSION WILL SEE THE CONTRACT CONTINUE UNTIL AT LEAST OCTOBER 2025‍​.EXTENSION HAS A TOTAL ESTIMATED CONTRACT VALUE OF 26 MLN STG OVER THE EIGHT YEAR TERM, WITH POTENTIAL OPTIONS TO FURTHER EXTEND THE CONTRACT TO 2037.  Full Article

Carillion updates on financing, disposals and work winning
Tuesday, 24 Oct 2017 02:00am EDT 

Oct 24 (Reuters) - Carillion Plc ::UPDATE ON FINANCING, DISPOSALS AND WORK WINNING.CARILLION PLC - ‍PROVIDES AN UPDATE ON DISCUSSIONS WITH ITS CREDITORS, DISPOSALS AND NEW CONTRACT WINS.​.CARILLION PLC - ‍SIGNING OF TWO COMMITTED FACILITIES, TOTALLING £140 MILLION, AS CONTEMPLATED BY THIS TERM SHEET​.CARILLION PLC - ‍ADDITIONAL LIQUIDITY IS FULLY AVAILABLE TO DRAW DOWN NOW​.‍THERE IS NO CHANGE TO 2017 GUIDANCE​.CARILLION - AGREED NEW COMMITTED BONDING FACILITIES, WITH DEFERRAL OF CERTAIN PENSION CONTRIBUTIONS.CARILLION PLC - ALSO AGREED TO ‍DEFERRAL OF REPAYMENT OF PRIVATE PLACEMENT NOTES DUE IN NOVEMBER 2017 AND SEPTEMBER​.CARILLION PLC - ‍DEFERRALS WILL BE UNTIL EARLIER OF FIVE BUSINESS DAYS FOLLOWING, (I) REPAYMENT OF NEW COMMITTED FACILITIES, AND (II) 1 JANUARY 2019​.CARILLION - ‍NEW FACILITIES AND AGREED DEFERRALS OUTLINED ABOVE IMPROVE GROUP COMMITTED HEADROOM THROUGHOUT 2018 BY BETWEEN APPROXIMATELY £170M AND £190M​.CARILLION - SIGNED HEADS OF TERMS WITH SERCO FOR DISPOSAL OF A LARGE PART OF ITS UK HEALTHCARE FACILITIES MANAGEMENT BUSINESS FOR AN AGREED PRICE OF £50.1M​.CARILLION PLC - ‍HAS AGREED TO GIVE SERCO A PERIOD OF EXCLUSIVITY TO PROVIDE PARTIES WITH TIME TO FINALISE A BUSINESS PURCHASE AGREEMENT.CARILLION PLC - ‍TRANSFERS OF CONTRACTS PURSUANT TO THIS DISPOSAL ARE EACH SUBJECT TO RECEIPT OF THIRD PARTY CONSENTS, AND, IF REQUIRED, SHAREHOLDER APPROVAL​.  Full Article

Serco ‍to acquire BTP Systems for $20 mln​
Tuesday, 24 Oct 2017 02:00am EDT 

Oct 24 (Reuters) - Serco Group Plc ::SERCO GROUP PLC - ‍TO ACQUIRE BTP SYSTEMS LLC ON A CASH-FREE, DEBT-FREE BASIS FOR $20M​.SERCO GROUP PLC - ‍ACQUISITION, SUBJECT TO REQUIRED APPROVALS, IS EXPECTED TO COMPLETE AROUND END OF YEAR​.  Full Article

Serco awarded contract to manage Texas department of transportation traffic management center
Thursday, 24 Aug 2017 11:38am EDT 

Aug 24 (Reuters) - Serco Group Plc ::Serco awarded new contract to manage the Texas department of transportation traffic management center.Contract has a one-year base period and three one-year option periods, and is valued at $7 million​.  Full Article

UPDATE 1-Serco says to weather UK 'hiatus', meets H1 expectations

EDINBURGH, Aug 2 British outsourcing company Serco met first-half profit expectations on Thursday and kept its 2018 guidance while highlighting a focus on foreign contracts and cost-cutting to compensate for a "hiatus" in UK public outsourcing.