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Serco shares jump on trading update and upgraded cash flow guidance

Serco shares rose over 8% after a trading update; it raised cash flow forecasts but faces challenges from lost immigration contracts and increased interest expenses.

investing.com • 19/12/2024 - 12:44 PM

SCGPY
SRP

Serco shares drop 10% after losing major Australian immigration contract renewal

Serco Group lost a significant immigration detention contract with the Australian government, impacting revenue and margins, while facing rising labor costs and competition from lower-bidding rivals.

investing.com • 08/11/2024 - 10:40 AM

Greed and Fear Index

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Greed

Serco shares jump on trading update and upgraded cash flow guidance

Serco shares drop 10% after losing major Australian immigration contract renewal

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