Serco jumped 10% or 15p to 157.3p after the outsourcing giant, whose 50,000 staff deliver services to governments worldwide, forecast annual revenues £200 million higher than originally expected at £4.8 billion or more.
Robust demand for UK immigration services and defence growth fuelled the upgrade, with Serco now guiding towards underlying profits £10 million stronger at £245 million.
Today’s rally returns Serco’s valuation to where it was in March, although brokers Liberum and Peel Hunt reckon the shares should be at 200p or higher.
Diese Geschichte stammt aus der June 29, 2023-Ausgabe von Evening Standard.
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Diese Geschichte stammt aus der June 29, 2023-Ausgabe von Evening Standard.
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