Features
Outsourcer Serco reported 2017 profit in line with its recently-upgraded forecast and reiterated its expectations for 2018. Revenues fell 2% to £2.95bn in 2017, while underlying trading profit fell to £69.8m, at the top end of guidance that was upgraded in December.
Revenues in 2018 are expected to be between £2.8bn and £2.9bn, underlying trading profit is expected grow to about £80m, driven largely by cost savings.
Garry White, Chief Investment Commentator, looks at the market-moving events that have shaped equity markets this week (2 – 6 December 2019).
Global investors are awaiting policy decisions to help provide them with direction. John Redwood rounds up the issues.
Charles Stanley was awarded the coveted Five-star Award in the Investment Category at the Financial Adviser Service Awards.
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