Serco Group (SRP)

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Index:

FTSE 250

156.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 193.10
  • 52 Week Low: 154.40
  • Currency: UK Pounds
  • Shares Issued: 1,024.81m
  • Volume: 92,400
  • Market Cap: £1,603.83m
  • RiskGrade: 174
  • Beta: 1.04

Serco ordered to cease using facial recognition on workers

By Frank Prenesti

Date: Friday 23 Feb 2024

LONDON (ShareCast) - (Sharecast News) - UK government contractor Serco has been ordered to to stop using facial recognition technology to monitor the attendance of employees at leisure centres it operates.
The Information Commissioner's Office (ICO) found that Serco Leisure and community leisure trusts were unlawfully processing the biometric data of more than 2,000 employees at 38 leisure facilities across Britain.

It added that facial recognition and fingerprint scanning were used to monitor workers' attendance and then the subsequent payment for their time.

The leisure centre operator failed to show why these methods were needed rather than "less intrusive" means, such as ID cards or fobs for staff, the ICO said.

"Employees have not been proactively offered an alternative to having their faces and fingers scanned to clock in and out of their place of work, and it has been presented as a requirement in order to get paid," the ICO said.

"Due to the imbalance of power between Serco Leisure and its employees, it is unlikely that they would feel able to say no to the collection and use of their biometric data for attendance checks."

The ICO also said employees were also not offered a clear alternative to having their faces and fingerprints scanned.

John Edwards, the UK Information Commissioner, said: "Biometric data is wholly unique to a person so the risks of harm in the event of inaccuracies or a security breach are much greater - you can't reset someone's face or fingerprint like you can reset a password."

"Serco Leisure did not fully consider the risks before introducing biometric technology to monitor staff attendance, prioritising business interests over its employees' privacy."

Serco confirmed it would fully comply with the enforcement notice.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serco Market Data

Currency UK Pounds
Share Price 156.50p
Change Today 0.50p
% Change 0.32 %
52 Week High 193.10
52 Week Low 154.40
Volume 92,400
Shares Issued 1,024.81m
Market Cap £1,603.83m
Beta 1.04
RiskGrade 174

Serco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.03% below the market average58.03% below the market average58.03% below the market average58.03% below the market average58.03% below the market average
23.6% below the sector average23.6% below the sector average23.6% below the sector average23.6% below the sector average23.6% below the sector average
Price Trend
14.1% below the market average14.1% below the market average14.1% below the market average14.1% below the market average14.1% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average
8.47% above the sector average8.47% above the sector average8.47% above the sector average8.47% above the sector average8.47% above the sector average
Growth
3.34% above the market average3.34% above the market average3.34% above the market average3.34% above the market average3.34% above the market average
3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serco Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-24 18-Apr-24
Paid 04-Oct-24 10-May-24
Amount 1.34p 2.27p

Trades for 22-Nov-2024

Time Volume / Share Price
08:34 923 @ 156.50p
08:33 800 @ 156.50p
08:33 751 @ 156.50p
08:33 191 @ 156.50p
08:31 3,168 @ 156.50p

Serco Key Personnel

CEO Mark Irwin

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