Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSerco Share News (SRP)

Share Price Information for Serco (SRP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 170.40
Bid: 168.70
Ask: 168.80
Change: 0.10 (0.06%)
Spread: 0.10 (0.059%)
Open: 170.80
High: 171.20
Low: 167.80
Prev. Close: 170.30
SRP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON BRIEFING: Centamin Gets GBP1.5 Billion Takeover Approach

Tue, 03rd Dec 2019 08:00

(Alliance News) - Egyptian gold miner Centamin on Tuesday became the object of a GBP1.47 billion takeover approach by Toronto-listed Endeavour Mining Corp.

The all-share offer is on the basis of 0.0846 Endeavour share for each Centamin share, which Endeavour said represents a 13% premium to the FTSE 250 listing's closing price on Monday of 112.20 pence. At that closing price, Centamin had a market capitalisation of GBP1.30 billion.

Endeavour shareholders would own 52.9% of the combined company and Centamin holders 47.1%.

Endeavour said it approached the Centamin board back in October 2018 and again this year on November 11, but "meaningful engagement has still not been forthcoming", prompting the public announcement.

"Endeavour believes that this potential combination would strongly benefit both sets of shareholders due to the compelling long-term value creation opportunity," it said.

Here is what you need to know at the London market open:

----------

MARKETS

----------

FTSE 100: called flat at 7,282.40

----------

Hang Seng: down 0.3% at 26,377.91

Nikkei 225: closed down 0.6% at 23,379.81

DJIA: closed down 268.37 points, 1.0%, at 27,783.04

S&P 500: closed down 0.9% at 3,113.87

----------

GBP: firm at USD1.2955 (USD1.2933)

EUR: soft at USD1.1075 (USD1.1086)

Gold: flat at USD1,462.30 per ounce (USD1,463.74)

Oil (Brent): soft at USD61.12 a barrel (USD61.44)

(changes since previous London equities close)

----------

ECONOMICS AND GENERAL

----------

Tuesday's Key Economic Events still to come

0930 GMT UK construction purchasing managers' index

1100 GMT Ireland monthly unemployment

1100 CET EU producer price index

0855 EST US Johnson Redbook retail sales index

0945 EST US ISM-NY report on business

1600 EST US domestic auto industry sales

1630 EST US API weekly statistical bulletin

----------

UK Prime Minister Boris Johnson is to issue an appeal for Nato unity amid increasing strains within the Western alliance over the conflict in Syria. Johnson will break off from the election campaign to host a gathering of Nato leaders in Britain marking the alliance's 70th anniversary. Their talks take place amid a bitter row between French President Emmanuel Macron and Turkish President Recep Tayyip Erdogan over Turkey's recent incursion into northern Syria. Macron infuriated Ankara when he suggested Nato was suffering from "brain death" over the lack co-ordination over Turkey's "crazy" attack on the Kurds, seen as a key Western ally in the fight against so-called Islamic State. Johnson is expected to try to play peacemaker when he hosts the two leaders, together with German Chancellor Angela Merkel, for talks in Downing Street on Tuesday ahead of the main gathering. US President Donald Trump also is among the Nato leaders attending the two-day event.

----------

The US threatened to impose tariffs of up to 100% on USD2.4 billion in French goods in retaliation for a digital services tax it says is discriminatory. French sparkling wine, yogurt and Roquefort cheese are on the list of goods that could be targeted as soon as mid-January after a report from the US Trade Representative's office found the tax penalizes American tech companies such as Alphabet's Google, Apple, Facebook and Amazon.com. The decision "sends a clear signal that the US will take action against digital tax regimes that discriminate or otherwise impose undue burdens on US companies," US Trade Representative Robert Lighthizer said in a statement. Lighthizer also warned that Washington was considering widening the investigation to look into similar taxes in Austria, Italy, and Turkey.

----------

The US is considering slapping additional tariffs on European products as part of the long running feud between Washington and Brussels over subsidies to airplane manufacturers. "The US is initiating a process to assess increasing the tariff rates and subjecting additional European Union products to the tariffs," the US Trade Representative's office said. The USTR announcement came after the World Trade Organization found that the EU had not taken "appropriate steps to remove the adverse effects" of its aid to Airbus.

----------

BROKER RATING CHANGES

----------

RBC RAISES DIAGEO TO 'OUTPERFORM' (SECTOR PERFORM) - PRICE TARGET 3500 (3100) PENCE

----------

GOLDMAN RAISES RIGHTMOVE TO 'NEUTRAL' ('SELL') - TARGET 653 (522) PENCE

----------

JPMORGAN RAISES SERCO TO 'OVERWEIGHT' ('NEUTRAL') - TARGET 170 (145) PENCE

----------

COMPANIES - FTSE 100

----------

Plumbing and heating products supplier Ferguson said revenue was up 5.3% to USD5.21 billion in the financial first quarter ended October 31 from USD4.95 in the first quarter last year. Trading profit, which excludes exceptional items and amortisation of acquired intangible assets, came in at USD451 million, up 9.2% from USD413 million the year before. In the US, revenue was up 6.2% to USD4.89 billion from USD4.61 billion in the first quarter last year. Ferguson said its demerger of Wolseley UK is on track and expects to complete the process in 2020. "We expect to make further good progress in the year ahead. While US market growth is currently broadly flat. we remain confident of outperforming our end markets and our order books support continued modest revenue growth in the months ahead. This strong focus on growth with continued cost and margin discipline gives us confidence in our expectations for the full year, which remain unchanged," Chief Executive Officer Kevin Murphy said.

----------

AstraZeneca said it has sold the commercial rights to schizophrenia treatments Seroquel and Seroquel XR in the US and Canada to Germany's Cheplapharm Arzneimittel. Cheplapharm will pay Astra USD35 million upfront, plus contingent payments of up to USD6 million. It previously had purchased rights to the two Astra drugs in most European markets and Russia.

----------

COMPANIES - FTSE 250

----------

Cineworld Group said trading for the full year is expected to be slightly below management's expectations amid a weaker box office performance. For the period January 1 to December 1, Cineworld said revenue was down 9.7%, with the box office performance - the money it makes from ticket admissions - down 13%. "As anticipated, the box office performance for the reported period was slower than the comparative period in 2018 reflecting the phasing of major releases and postponement of some highly anticipated movies to 2020," the company said. Cineworld said the integration plans for US cinema operator Regal Entertainment have progressed well, and it announced an increase in synergies to USD190 million from USD150 million. "The impact of the major releases in December is expected to continue the recent positive box office trend. However given the weaker full year box office, partially offset by strong execution of synergies and revenue initiatives, management expects trading for the full year to be slightly below management's expectations," the company said.

----------

COMPANIES - OTHER MAIN MARKET AND AIM

----------

Ryanair Holdings reported a 6% rise in November traffic to 11 million passengers from 10.4 million at group level, with a load factor of 96%. On a rolling annual basis, group traffic grew 9% to 151.6 million passengers from 139.1 million.

----------

COMPANIES - INTERNATIONAL

----------

The Italian government approved a new loan of EUR400 million to keep stricken national airline Alitalia in business. Alitalia has been under government-controlled administration since May 2017, and state loans it has since received worth EUR900 million were close to running out. The new loan, valid for six months, should allow Alitalia administrators to continue efforts to restructure and find buyers for the airline, the government said in a statement.

----------

Virgin Atlantic Airways founder Richard Branson said he has decided against selling a majority of his stake in the British airline to Air France-KLM. The deal would have seen Branson, who holds 51% stake, sell just under a third of the airline to the French carrier, leaving him with a 20% share. The agreement was negotiated in May 2017 and was part of an effort by Virgin Atlantic to boost its European clout, to compete with International Consolidated Airlines Group-owned British Airways. Branson said that he initially thought he would have to sell a majority of his holding in the airline as part of the creation of a joint-venture with Air France-KLM, but in the end this secured regulatory approvals with a sale.

----------

Moody's Investors Service has assigned a Ba2 corporate family rating to Twitter's proposed notes offering, the ratings agency said. The social networking company's debt rating was given a stable outlook. Moody's Senior Vice President Neil Begley said: "Twitter's Ba2 rating reflects its growing niche position within social networking, benefiting advertisers through its reach and targeting capabilities, which has led to strong revenue growth and free cash flow generation. However, Twitter is small relative to its larger digital advertising and social networking competitors, and user engagement on social networks can be fickle."

----------

Canadian gold mining company Semafo said it does not plan to reopen its mine in Burkina Faso this year after an attack killed some three dozen of its employees. The November 6 ambush of a convoy transporting workers to the company's Boungou mine, which the government blamed on "terrorists," also left 60 people wounded, and was the deadliest attack in nearly five years of jihadist violence in the West African country.

----------

Tuesday's Shareholder Meetings

Sophos Group (re acquisition by Surf Buyer)

Henderson Far East Income

Falanx Group

Greatland Gold

Oleeo

Town Centre Securities

----------

By Tom Waite; thomaslwaite@alliancenews.com

London Briefing is available to subscribers as an email newsletter. Contact info@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
25 Oct 2023 07:22

Serco appoints Andrew Head as Asia-Pacific CEO

(Sharecast News) - Government contractor Serco said it had appointed Andrew Head as chief executive of its Asia Pacific operations, effective immediately.

Read more
17 Oct 2023 08:56

Serco to supply assessment services on government contract win in UK

(Alliance News) - Serco Group PLC on Tuesday said that it has been chosen by the Department for Work and Pensions to deliver new functional assessment services in the south-west of England.

Read more
17 Oct 2023 08:11

Serco secures £350m DWP contract

(Sharecast News) - Serco said on Tuesday that it has been selected by the Department for Work and Pensions (DWP) to deliver the new functional assessment services (FAS) in the south-west of England.

Read more
10 Oct 2023 13:19

Director dealings: Serco CFO makes share purchase

(Sharecast News) - Serco revealed on Tuesday that chief financial officer Nigel Crossley had acquired 3,259 ordinary shares in the FTSE 250-listed British multinational.

Read more
29 Sep 2023 15:47

UK dividends calendar - next 7 days

Monday 2 October 
BlackRock Sustainable American Income Trust PLCdividend payment date
Hammerson PLCdividend payment date
Savills PLCdividend payment date
Tuesday 3 October 
Apax Global Alpha Ltddividend payment date
CLS Holdings PLCdividend payment date
Cohort PLCdividend payment date
Croda International PLCdividend payment date
DS Smith PLCdividend payment date
Wednesday 4 October 
Just Group PLCdividend payment date
Thursday 5 October 
AG Barr PLCex-dividend payment date
Andrews Sykes Group PLCex-dividend payment date
AVI Japan Opportunity Trust PLCex-dividend payment date
Aviva PLCdividend payment date
Bodycote PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Centrica PLCex-dividend payment date
CT Private Equity Trust PLCex-dividend payment date
CT UK High Income Trust PLCex-dividend payment date
Emis Group PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
F&C Investment Trust PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Finsbury Growth & Income Trust PLCex-dividend payment date
Galliford Try Holdings PLCspecial ex-dividend payment date
Haleon PLCdividend payment date
Hays PLCex-dividend payment date
Hays PLCspecial ex-dividend payment date
HSS Hire Group PLCex-dividend payment date
Hunting PLCex-dividend payment date
InterContinental Hotels Group PLCdividend payment date
Johnson Service Group PLCex-dividend payment date
JPMorgan Emerging Markets Investment Trust PLCex-dividend payment date
Judges Scientific PLCex-dividend payment date
Keywords Studios PLCex-dividend payment date
Learning Technologies Group PLCex-dividend payment date
LSL Property Services PLCex-dividend payment date
Manchester & London Investment Trust PLCex-dividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Mears Group PLCex-dividend payment date
Merchants Trust PLCex-dividend payment date
Morgan Sindall Group PLCex-dividend payment date
Mortgage Advice Bureau Holdings PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Pantheon Infrastructure PLCex-dividend payment date
RIT Capital Partners PLCex-dividend payment date
Schroder Income Growth Fund PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Smart Metering Systems PLCex-dividend payment date
Smith & Nephew PLCex-dividend payment date
Spectris PLCex-dividend payment date
STS Global Income & Growth Trust PLCex-dividend payment date
Ten Entertainment Group PLCex-dividend payment date
TheWorks.co.uk PLCex-dividend payment date
Travis Perkins PLCex-dividend payment date
Troy Income & Growth Trust PLCex-dividend payment date
Weir Group PLCex-dividend payment date
Friday 6 October 
Admiral Group PLCdividend payment date
Alfa Financial Software Holdings PLCspecial dividend payment date
Anglo-Eastern Plantations PLCdividend payment date
Blackrock World Mining Trust PLCdividend payment date
Cairn Homes PLCdividend payment date
Dalata Hotel Group PLCdividend payment date
Drax Group PLCdividend payment date
Glanbia PLCdividend payment date
GlobalData PLCdividend payment date
Goodwin PLCdividend payment date
Greggs PLCdividend payment date
Intertek Group PLCdividend payment date
Irish Continental Group PLCdividend payment date
JPMorgan American Investment Trust PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Land Securities Group PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Quartix Technologies PLCdividend payment date
Serco Group PLCdividend payment date
Walker Crips Group PLCdividend payment date
Warehouse REIT PLCdividend payment date
Zotefoams PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
31 Aug 2023 15:51

UK dividends calendar - next 7 days

Friday 1 September 
Blackrock Income & Growth Investment Trust PLCdividend payment date
Blackrock Throgmorton Trust PLCdividend payment date
Cranswick PLCdividend payment date
Greencoat Renewables PLCdividend payment date
ICG Enterprise Trust PLCdividend payment date
Impax Environmental Markets PLCdividend payment date
Inchcape PLCdividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCdividend payment date
Irish Residential Properties REIT PLCdividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
Jupiter Fund Management PLCdividend payment date
Jupiter Fund Management PLCspecial dividend payment date
Mobico Group PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
PayPoint PLCdividend payment date
PRS REIT PLCdividend payment date
Monday 4 September 
Investec PLC and Ltddividend payment date
IP Group PLCdividend payment date
Pennon Group PLCdividend payment date
Tuesday 5 September 
no events scheduled 
Wednesday 6 September 
no events scheduled 
Thursday 7 September 
Admiral Group PLCex-dividend payment date
Alpha Financial Markets Consulting PLCex-dividend payment date
Anglo-Eastern Plantations PLCex-dividend payment date
Assura PLCex-dividend payment date
Athelney Trust PLCex-dividend payment date
Baltic Classifieds Group PLCex-dividend payment date
Blackrock World Mining Trust PLCex-dividend payment date
CLS Holdings PLCex-dividend payment date
CT UK Capital & Income Investment Trust PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Develop North PLCex-dividend payment date
DS Smith PLCex-dividend payment date
Empiric Student Property PLCex-dividend payment date
GlobalData PLCex-dividend payment date
Greggs PLCex-dividend payment date
Harbour Energy PLCex-dividend payment date
Pollen Street PLCex-dividend payment date
Prudential PLCex-dividend payment date
Relx PLCdividend payment date
RM Infrastructure Income PLCex-dividend payment date
Serco Group PLCex-dividend payment date
Severfield PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
XP Power Ltdex-dividend payment date
Zotefoams PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
3 Aug 2023 09:14

Serco delivers double-digit growth in interim profit and revenue

(Alliance News) - Serco Group PLC on Thursday posted double-digit growth in both revenue and profit in the first half of the year, but left its full-year guidance for the metrics unchanged.

Read more
27 Jul 2023 15:40

UK earnings, trading statements calendar - next 7 days

Friday 28 July 
AstraZeneca PLCHalf Year Results
AIB Group PLCHalf Year Results
IMI PLCHalf Year Results
Impellam Group PLCHalf Year Results
International Consolidated Airlines Group SAHalf Year Results
Intertek Group PLCHalf Year Results
Jardine Matheson Holdings LtdHalf Year Results
NatWest Group PLCHalf Year Results
PayPoint PLCFull Year Results
PayPoint PLCTrading Statement
Rightmove PLCHalf Year Results
Standard Chartered PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
Vanquis Banking Group PLCHalf Year Results
YouGov PLCTrading Statement
Monday 31 July 
Bank of Ireland Group PLCHalf Year Results
GlobalData PLCHalf Year Results
Hutchmed (China) LtdHalf Year Results
Pearson PLCHalf Year Results
Pod Point Group Holdings PLCHalf Year Results
Quartix Technologies PLCHalf Year Results
Ricardo PLCTrading Statement
Senior PLCHalf Year Results
Spectris PLCHalf Year Results
Tuesday 1 August 
BP PLCHalf Year Results
Coats Group PLCHalf Year Results
Diageo PLCFull Year Results
Domino's Pizza Group PLCHalf Year Results
Filtronic PLCFull Year Results
Fresnillo PLCHalf Year Results
Greggs PLCHalf Year Results
HSBC Holdings PLCHalf Year Results
International Personal Finance PLCHalf Year Results
Keller Group PLCHalf Year Results
Man Group PLCHalf Year Results
Metro Bank PLCHalf Year Results
NWF Group PLCFull Year Results
Robert Walters PLCHalf Year Results
Staffline Group PLCHalf Year Results
System1 Group PLCFull Year Results
Travis Perkins PLCHalf Year Results
Virgin Wines UK PLCTrading Statement
Weir Group PLCHalf Year Results
XP Power LtdHalf Year Results
Wednesday 2 August 
BAE Systems PLCHalf Year Results
ConvaTec Group PLCHalf Year Results
Direct Line Insurance Group PLCHalf Year Results
Endeavour Mining PLCHalf Year Results
Ferrexpo PLCHalf Year Results
Haleon PLCHalf Year Results
Genel Energy PLCHalf Year Results
Ibstock PLCHalf Year Results
IP Group PLCHalf Year Results
Kerry Group PLCHalf Year Results
Permanent TSB Group Holdings PLCHalf Year Results
Smurfit Kappa Group PLCHalf Year Results
Spirent Communications PLCHalf Year Results
Taylor Wimpey PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Thursday 3 August 
Coca-Cola Europacific Partners PLCHalf Year Results
Helios Towers PLCHalf Year Results
Hikma Pharmaceuticals PLCHalf Year Results
Irish Residential Properties REIT PLCHalf Year Results
London Stock Exchange Group PLCHalf Year Results
Mears Group PLCHalf Year Results
Mondi PLCTrading Statement
Morgan Sindall Group PLCHalf Year Results
Next PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
Pantheon International PLCFull Year Results
Pets At Home Group PLCQ1 Results
Rolls-Royce Holdings PLCHalf Year Results
ScS Group PLCTrading Statement
Serco Group PLCHalf Year Results
Shaftesbury Capital PLCHalf Year Results
Smith & Nephew PLCHalf Year Results
Tritax Big Box REIT PLCHalf Year Results
TT Electronics PLCHalf Year Results
Walker Crips Group PLCFull Year Results
Wizz Air Holdings PLCQ1 Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Jul 2023 15:45

J.P.Morgan bullish on outlook for UK property stocks

(Sharecast News) - Analysts at J.P.Morgan sounded a 'bullish' note on the outlook for UK property stocks.

Read more
16 Jul 2023 12:33

Sunday share tips: Futura Medical, Serco

(Sharecast News) - The Sunday Times's Lucy Tobin told readers that shares of Futura Medical were worth a punt, even if there were no guarantees of a happy ending.

Read more
29 Jun 2023 17:19

London stocks fall as utilities drag; Serco gains

De La Rue up after retaining annual profit forecast

*

Read more
29 Jun 2023 16:57

LONDON MARKET CLOSE: FTSE 100 underwhelms as utilities decline

(Alliance News) - London's FTSE 100 underperformed again on Thursday, with share price falls for utility stocks and retailer B&M leading the index lower, though peers in Europe largely shook off recent hawkish comments from central bankers.

Read more
29 Jun 2023 14:56

Serco impresses on strong immigration and defence demand

(Alliance News) - The collapse of facilities management firm Carillion PLC five-and-a-half years ago led to fears for the future of the outsourcing model, but recent success achieved by Serco Group PLC suggests such worries were overstated.

Read more
29 Jun 2023 12:09

LONDON MARKET MIDDAY: Central bank hawkishness keeps mood downbeat

(Alliance News) - Stock prices in London remained in the red at midday on Thursday, with hawkish rhetoric from central banking chiefs dampening market mood.

Read more
29 Jun 2023 09:52

TOP NEWS: Serco raises annual guidance after strong first half

(Alliance News) - Serco Group PLC on Thursday upgraded its annual guidance following a strong start to the year.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.