Hints and tips:
...It pointed to recent private equity deals for G4S, Aggreko, Equiniti, Sanne and Clipper Logistics, and suggested IWG, Serco and Essentra as future potential takeout targets....
...Also out today is an update from outsourcer Serco, which unveiled new medium-term financial targets ahead of its capital markets day today....
...of Serco's FCF growth is yet to be reflected in the share price....
...London’s Royal Free Hospitals, criticised the initial failure to involve local authority tracing experts, instead handing the responsibility for running manual checks to outsourcing companies including Serco...
...possible sale (Wall Street Journal) Unilever wins Dutch backing for London move (FT) Norway wants oil fund to increase US exposure (FT) Cadbury maker Mondelez seeks acquisitions of ‘healthy’ brands (FT) Serco...
...up €50bn ‘bad bank’ as part of overhaul (FT) Goldman Sachs Wants to Look More Like Blackstone (WSJ) JAB to acquire National Veterinary Associates from Ares (FT) Babcock rebuffs approaches from rival Serco...
...It has reminded those lending to others — Capita, Serco and the like — that they do not want to end up owning highly leveraged, cash-strapped narrow-margin businesses....
...Earlier this year Persimmon, the UK’s second biggest housebuilder, was forced to cut bonuses for its top executives, as was UK outsourcer Serco....
...One of my favourite case studies comes in the 6ft 1in form of Rupert Soames, a grandson of Winston Churchill who was brought in to run the scandal-ravaged outsourcer Serco, in 2014....
...In the UK, outsourcing group Serco has challenged the Ministry of Defence’s decision to award a fire service contract to its main competitor Capita, over aspects of the procurement process....
...Serco’s profit margin for the year will actually be better than expected....
...It seems the force is strong with this one… Today’s Lombard column focuses on the differing margins of contractors Serco and Carillion....
...Share prices fell at Interserve, Mitie and Serco, highlighting market nervousness following the liquidation two weeks ago of Carillion....
...Lombard Serco’s ticket to higher margins comes at Carillion’s expense “On Wednesday, Serco showed the advantage of setting off early, while rival Carillion showed what can happen if you reach carnage too...
...Today, it reduced its number of parts further, in a bid to raise funds: it said it had agreed to offload some healthcare projects to rival Serco for £50m....
...agreed between the MoD and AWE Management Limited, a joint venture company involving Serco, Lockheed Martin and New York-listed Jacobs Engineering....
...The government is facing increasing scrutiny over its procurement process following the referral of G4S and Serco to the Serious Fraud Office for overcharging on electronic tagging contracts for offenders...
...The referral of G4S and Serco to the Serious Fraud Office for overcharging on electronic tagging contracts for offenders and the West Coast main line rail franchising debacle two years ago are among examples...
...It has been successfully trialled in Plymouth, southern England, where contractors including Serco, Amey (owned by Ferrovial), Atkins and Cisco have signed up....
...Services group Serco faded 4.3 per cent to 98.3p, with RBC cutting earnings estimates....
...Greenhill, HSBC, JPMorgan and Standard Bank are on the advisory ticket Outsourcing group Serco expects to reduce provisions for an onerous contract with the Australian Navy for servicing its patrol boats...
...Costco, HP Inc and Tiffany & Co are the highlights on the quarterly earnings calendar....
...Serco highlights positive reports from the prison inspectorate about Yarl’s Wood, but says it has commissioned its own review “because the public will want to be confident”....
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