Ray of light for Serco as investigation is dropped: The scandal-struck outsourcer Serco took a vital step forward in its rehabilitation with the Government, its biggest customer, after City of London Police dropped their year-long investigation into its £285 million prisoner transport contract.
Falling Serco share price unsettles investors: Unsettled investors are warning Serco’s new Chief Executive Rupert Soames that he will struggle to raise cash for a planned £550 million rescue rights issue after the company’s plummeting share price sparked concerns over the group’s financial health
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