Britain’s Serco views 2017 profit at top end of range


EDINBURGH: Serco said its full-year underlying trading profit would come in around the top end of its guidance range after the British outsourcer secured a number of key contracts and reduced costs.

However, the group – which runs public services in defence, justice, immigration, transport and health – flagged a number of potential pitfalls for the years ahead, due to weakness in its home market and an unpredictable bid pipeline.

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