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Serco Group PLC

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  • Friday, 23 February, 2024
    Outsourcer Serco ordered to stop using facial recognition to monitor staff

    UK watchdog cracks down for first time on an employer processing biometric data of workers

    A logo sign outside of a facility occupied by Serco in Columbia
  • Thursday, 14 December, 2023
    Serco increases bet on German immigration market

    Outsourcer buys European Homecare for €40mn as it flags impact from UK government plans to close migrant hotels

    Serco sign outside a Covid-19 test centre in England
  • Thursday, 29 June, 2023
    Global outsourcing
    Immigration: outsourcers will receive contracts surge — and painful scrutiny Premium content

    Risks such as scandals around the treatment of migrants can destabilise businesses

    Serco logo
  • Thursday, 29 June, 2023
    Serco lifts profit guidance as demand for immigration services rises

    London-listed contractor raises forecast for organic revenue growth and underlying profit by 4%

    A Serco flag flies alongside a Union flag outside Doncaster Prison in northern England
  • Saturday, 19 November, 2022
    Investments
    Directors’ Deals: Serco chief sells £3mn of shares

    Soames prepares for retirement after nine years at the top

  • Wednesday, 5 October, 2022
    Rail
    Serco’s Caledonian Sleeper contract to be axed next year

    Loss of overnight London to Scotland rail service raises prospect of renationalisation

    A Caledonian Sleeper train at Edinburgh Waverley station.
  • Monday, 12 September, 2022
    Lex
    Serco/Soames: defensive qualities of stabilised Serco have a downside Premium content

    Governments are critters even tougher than outsourcers, who tend to come off badly in any dispute

    Serco chief executive Rupert Soames
  • Monday, 12 September, 2022
    Rupert Soames to retire as Serco chief

    Mark Irwin to take over as head of London-listed outsourcing company

    Rupert Soames
  • Thursday, 26 May, 2022
    Immigration work helps Serco overcome end of UK Covid contracts

    Shares jump as revenues and profits upgraded above previous forecasts

    Serco staff working on behalf of NHS Test and Trace operate a coronavirus testing centre on July 30, 2020 in Stone
  • Thursday, 24 February, 2022
    Serco profits buoyed by government Covid contracts

    Outsourcer increases dividend by 15% and launches £90mn share buyback

    Serco staff working at a coronavirus testing centre in Stone, England
  • Monday, 15 November, 2021
    Covid contracts push Serco to upgrade full-year profit outlook

    Work housing asylum seekers also boosts revenues

    A Covid testing centre
  • Wednesday, 30 June, 2021
    Serco predicts first-half profits to climb 50%

    Outsourcer expects sales to rise by a fifth as it wins £322m contract to keep Covid testing centres running

  • Monday, 14 June, 2021
    Lex
    Serco: UK test and trace scheme boosts outsourcer Premium content

    Public criticism has weighed on share price but not prevented group from lifting profits

    A Serco worker advises a driver at a Covid-19 testing facility
  • Monday, 14 June, 2021
    City Bulletin
    Serco raises 2021 profit forecast Premium content

    Plus, BNP Paribas faces mis-selling allegations and Mohamed El-Erian on the Fed’s inflation puzzle

  • Monday, 14 June, 2021
    Serco upgrades profit guidance as test-and-trace demand persists

    Outsourcer’s divisions in line or ahead of budget in first five months of the year

    Serco staff working on behalf of NHS Test and Trace at a UK coronavirus testing centre
  • Monday, 26 April, 2021
    Serious Fraud Office UK
    SFO’s case against former Serco executives collapses

    Agency made mistakes when disclosing documents, jeopardising prisoner tagging trial

    Picture of a Serco company logo on a building
  • Wednesday, 7 April, 2021
    UK outsourcing
    Serco practice of moving profits within group ‘legitimate’, argues defence lawyer

    UK contractor’s financial models of shifting profits to Geografix subsidiary were not part of scam, court told

  • Tuesday, 30 March, 2021
    Ex-Serco executives accused of concealing £12m in offender-tagging contract

    Nicholas Woods and Simon Marshall appear in court on first day of SFO trial

    Picture of a Serco sign outside a Covid-19 walk-in testing centre in Slough, UK
  • Wednesday, 10 March, 2021
    Serco chief Rupert Soames receives £4.9m pay package

    Outsourcer says revenues from Covid-related work stripped out of bonus calculations

  • Thursday, 25 February, 2021
    Serco to pay first dividend in 7 years as profits rise

    Outsourcing company says Covid work accounts for only 1% of earnings

    Workers wearing high-vis jackets with SERCO and NHS Test and Trace logos on, as they advise drivers attending a novel coronavirus COVID-19 drive-in testing facility set up at the Chessington World of Adventures Resort, in Chessington, southwest of London, on October 20, 2020. (Photo by Adrian DENNIS / AFP) (Photo by ADRIAN DENNIS/AFP via Getty Images)
  • Tuesday, 16 February, 2021
    LombardIan Smith
    Serco’s march on US defence could go further

    Test and trace outsourcer bets big on military tech; Virgin Wines’ float looks to cash in on rival’s success

  • Tuesday, 16 February, 2021
    Serco to buy US military business in boost to defence revenues

    UK outsourcer’s shares rise as it agrees $295m deal for Whitney, Bradley & Brown

    Serco chief Rupert Soames said the purchase represented ‘another piece in the jigsaw’ that would expand the group’s client base in US defence
  • Thursday, 17 December, 2020
    Serco repays UK government furlough funds as profits set to rise

    Outsourcer involved with test and trace scheme to reward 50,000 staff with £100 bonus each

    A Serco employee working at a Covid-19 testing centre in Staffordshire. The outsourcer expects overall revenues to rise 19 per cent to £3.9bn in 2020
  • Monday, 2 November, 2020
    Lex
    Serco: fission trips Premium content

    UK outsourcer is strong enough to cope with the setback over the Atomic Weapons Establishment

  • Monday, 2 November, 2020
    UK outsourcing
    Serco hit by loss of nuclear submarine contract

    UK outsourcer’s shares drop 12% as MoD plans to renationalise Atomic Weapons Establishment

    One of the Royal Navy’s four Vanguard-class submarines, which carry Britain’s nuclear warheads. The consortium was handed a 25-year contract in 2000 to develop the warheads
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