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Serco Group PLC (SRP.L)

SRP.L on London Stock Exchange

123.70GBp
23 Apr 2019
Change (% chg)

-0.10 (-0.08%)
Prev Close
123.80
Open
124.50
Day's High
124.50
Day's Low
122.20
Volume
1,404,847
Avg. Vol
2,190,704
52-wk High
138.30
52-wk Low
83.50

Latest Key Developments (Source: Significant Developments)

Serco Says To Exit Southern Queensland Correctional Centre Contract When it Expires
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Serco Group PLC ::SERCO GROUP - SERCO AUSTRALIA WAS ADVISED THAT QUEENSLAND GOVERNMENT WOULD TAKE BACK OPERATIONS OF SOUTHERN QUEENSLAND CORRECTIONAL CENTRE.SERCO GROUP PLC - TASKFORCE FLAXTON DID NOT MAKE ANY ADVERSE FINDINGS AGAINST SERCO NOR OPERATIONS AT SQCC.SERCO GROUP PLC - SERCO WILL EXIT ITS CONTRACT AT SQCC WHEN IT EXPIRES ON 30 JUNE 2019.  Full Article

Serco Signs AU$115 Mln Contract To Operate Adelaide Remand Centre
Monday, 18 Mar 2019 

March 18 (Reuters) - Serco Group PLC ::SERCO SIGNS NEW AU$115M CONTRACT TO OPERATE ARC.ESTIMATED TOTAL CONTRACT VALUE TO SERCO OVER AN INITIAL SEVEN-YEAR TERM IS AU$115M.CONTRACT TERM CAN BE EXTENDED BY UP TO FIVE YEARS..SERCO SAYS CO, THROUGH ITS AUSTRALIAN SUBSIDIARY, SIGNED A NEW CONTRACT WITH SOUTH AUSTRALIAN GOVERNMENT TO OPERATE AND MANAGE ADELAIDE REMAND CENTRE.  Full Article

Serco Says Unit Gets 10-Year 30 Mln Euro Belgian Defence Contract
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Serco Group PLC ::UNIT GETS CONTRACT BY BELGIAN MINISTRY OF DEFENCE TO PROVIDE FACILITIES MANAGEMENT (FM) SERVICES ON HEVERLEE AND MEERDAAL MILITARY BASES.UNIT GETS CONTRACT BY BELGIAN MINISTRY OF DEFENCE VALUED AT EUR 30 MILLION OVER A TEN-YEAR PERIOD.  Full Article

Serco Says Unit To Operate As Sub‑Contractor To Bupa Health Services
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Serco Group PLC ::SERCO AUSTRALIA NEGOTIATIONS WITH BUPA.NEGOTIATIONS THROUGH AUSTRALIAN UNIT TO OPERATE AS A SUB‑CONTRACTOR TO BUPA HEALTH SERVICES PTY LTD.BUPA HAVE TODAY SIGNED PRIME CONTRACT FOR THESE SERVICES.  Full Article

UK Home Office Awards AASC Contracts To Serco, Mears & Clearsprings Ready Homes
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Mears Group PLC ::UK HOME OFFICE - AWARDED AASC CONTRACTS TO SERCO, MEARS AND CLEARSPRINGS READY HOMES.  Full Article

Serco Awarded Contracts Worth 1.9 Bln Pounds
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Serco Group PLC ::SERCO SEA RE £1.9BN AASC CONTRACT AWARD.IN 2020, FIRST FULL FINANCIAL YEAR OF SERCO'S NEW AASC CONTRACTS, ANNUAL REVENUE IS ANTICIPATED TO BE APPROXIMATELY £150M.IN 2019, NEW AASC CONTRACTS ARE EXPECTED TO HAVE A NEGLIGIBLE EFFECT ON PROFITABILITY.IN 2020 AND THEREAFTER EXPECT AASC CONTRACTS TO BE MATERIALLY POSITIVE TO BOTH PROFITABILITY AND CASH FLOW.AWARDED CONTRACTS BY UK HOME OFFICE VISAS AND IMMIGRATION DEPARTMENT FOR TWO REGIONS OF NEW ASYLUM ACCOMMODATION & SUPPORT SERVICES CONTRACT.TOTAL CONTRACT IS OVER A 10-YEAR TERM.  Full Article

Serco Signs Contract Extensions Worth 135 Mln Stg With Two UK Local Authorities
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Serco Group PLC ::SERCO GROUP PLC - SERCO SEA - SIGNS CONTRACT EXTENSIONS WORTH £135M.SERCO GROUP PLC - SERCO SIGNS £135M OF CONTRACT EXTENSIONS TO CONTINUE PROVIDING FRONTLINE AND BACK OFFICE SERVICES TO TWO UK LOCAL AUTHORITIES.SERCO GROUP PLC - CONTRACT EXTENSIONS HAVE A COMBINED TOTAL VALUE TO SERCO OF APPROXIMATELY £135M.  Full Article

Serco, BAE Systems Secures UK MoD Support Contract
Tuesday, 11 Sep 2018 

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 

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 

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

Britain's Serco extends contract with Dubai Metro for up to $185 mln

April 1 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).