Serco Group plc (LON:SRP – Get Rating) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 132.92 ($1.73) and traded as high as GBX 134.90 ($1.75). Serco Group shares last traded at GBX 134.40 ($1.75), with a volume of 1,882,685 shares trading hands. […]
17 March 2021 | 07:07am
StockMarketWire.com - Services provider Serco said it had won a contract extension worth up to around £870 million to provide support services at the 5 Wing forces base in Goose Bay, Canada.
The initial 10-year contract period had an estimated ceiling value of C$694 million or about £400 million.
The contract had provision for two further five-year extensions with a potential ceiling value to Serco over the full 20 years of about C$1.5 billion (around £870 million).
The contract was awarded after an open tender process and would commence in September.
Serco said it anticipate annual revenue of £20 million-to-£30 million in the opening years, which was similar to the level seen in recent years on an existing agreement.
17 March 2021 | 08:25am
StockMarketWire.com - UK stocks opened modestly lower on Wednesday as investors braced for a crucial announcement by the US Federal Reserve later in the day about the direction of monetary policy.
At 0818, the benchmark FTSE 100 index was down 8.24 points, or 0.1%, at 6,794.24.
Any sign that the Fed might ease off on its dovish stance on interest rates would indicate the US economy was on the mend, but could spook markets grown accustomed to an abundance of cheap credit.
Wealth management company Hargreaves Lansdown climbed 2.6% to £15.89, having upgraded its profit outlook after reporting elevated share dealing volumes since the end of January.