Broker Recommendations

ShoreCap downgrades Serco to 'hold'

By Michele Maatouk

Date: Wednesday 13 Nov 2024

(Sharecast News) - Shore Capital downgraded Serco on Wednesday after the outsourcer said last week that it had lost its long-running Australian immigration detention centres contract and estimated that changes to employer national insurance contributions would increase labour costs by £20m a year.
The broker, which cut its rating on the...

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