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Serco loses £165m Australian contract, estimates big hit from NI tax changes

Published by Benjamin Chiou on 8th November 2024

(Sharecast News) - Public sector-focused outsourcing group Serco issued a double whammy of bad news for investors on Friday, revealing that it has not been reselected for it long-running Australian immigration detention centres contract, and estimating changes to employer national insurance contributions will increase labour costs by £20m a year.

URL: http://www.digitallook.com/dl/news/story/34678340/...

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