BUSINESS

Serco profits plunge

Troubled outsourcing firm Serco saw its profit before tax plunge by 62% after paying out penalties for the row over criminal tagging contracts.

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By Michael Burton | 04 March 2014

Troubled outsourcing firm, Serco, saw its profit before tax plunge by 62% after paying out penalties for the row over criminal tagging contracts and as a result losing out on major Whitehall business.

Michael Burton

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Michael Burton

Popular articles by Michael Burton

  1. Council grant funding increases by £2.4bn
  2. A forum first for the Midlands
  3. Unfinished business
  4. Back to the future?
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