Serco Group Shares News & Articles

Market report: UK stocks up on record US close, Sainsbury sales fall, Purplebricks exits US

UK stock markets responds to new record highs for US shares overnight as trade tensions loosen between the US and China ease off ahead of the 4 July holiday in the States. The S&P 500 finished the session up 0.3% at 2,973.01 while the technology heavy Nasdaq Composite closed 0.2% up at 8,109.09. That mood leaks across the pond to UK stocks with the benchmark UK index FTSE 100 rallying ...

Market Report: Kingfisher and Serco shine, Staffline investors suffer on placing

The FTSE100 is nudging higher after a report in the South China Post hinted that the US and China had reached a tentative truce in their on-going trade dispute. The index of the top 100 shares gains three points to 7,419 in early trade. Banks, builders and miners are leading the index, up 0.72%, 0.63% and 0.95% respectively, while tobacco, down 1.2%, and personal goods, down 0.82%, are a drag ...

Market report: Babcock takeover rebuffed, Kier rethinks strategy as airlines come under Lufthansa pressure

UK investors begin the week with takeover talk to digest after defence contractor Babcock (BAB) admits it turned down approaches of a tie-up from outsourcing peer Serco (SRP). There is also a strategy overhaul reported by troubled construction firm Kier (KIE) and a profit warning from German airline Lufthansa to mull, the latter hurting UK listed airlines that have been struggling with rising ...

Market Report: Merlin pressure rises as activist calls for action, Serco jumps on naval acquisition

UK stocks are in sharp reverse in early trade on Thursday as growing tensions between the US and China, and doubts over Theresa May's government leadership because of Brexit continue to gnaw away at investor confidence. The benchmark FTSE 100 slumps more than 80 points, or roughly 1.2%, to 7,247.66, although a swathe of companies going ex-dividend today (when new shareholders lose the right to ...

Market report: EasyJet loses altitude, Rio Tinto rises on production resumption

London’s FTSE 100 firms 66 points to 7,345 on Monday, with the surprise news overnight that China’s manufacturing sector returned to growth in March providing a boost for miners and global advertising group WPP (WPP) in demand due to a broker upgrade. Budget airline EasyJet (EZJ) loses altitude, shares marked 7.25% lower to £10.37 as the low-cost carrier issues a more cautious outlook for ...

Market report: Digital transformer Kainos in demand, Ryanair loses altitude on quarterly loss

Markets are steady at the start of the new week with sterling rising against the euro and US dollar. The FTSE 100 advances 19 points higher to 7,039.2 led by Royal Dutch Shell (RDSB) and BP (BP.), which are lifted by a stronger oil price. Belfast-based IT business Kainos (KNOS) sparks up 7.8% to 458p on the very welcome news results for the year to March will be ahead of market ...

Market report: Galliford’s galling news, Coca-Cola HBC’s full of fizz

European markets are off to a strong start on Valentine’s Day, the FTSE 100 continuing to show resilience in the face of yesterday’s high inflation figure and trading 42.2 points up at 7,210.2 early on. Distinctly unloved however is housebuilder-to-construction firm Galliford Try (GFRD), which slumps 14.8% lower to 841.5p despite posting robust half year results with its Linden Homes arm in ...
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