BUSINESS

Serco shares fall as plans to raise £550m are disclosed

The value of shares in Serco plunged on the stock market earlier this week, after the outsourcing giant announced plans to raise £550m through a new rights issue.

By Jamie Hailstone | 12 November 2014

The value of shares in Serco plunged on the stock market after the outsourcing giant announced plans to raise £550m through a new rights issue.

The shares fell by 30% within hours of the wide-ranging announcement on 10 November, which also included cuts to its profit forecast for the current financial year.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Turning challenges into opportunities
  4. Frugal authorities may be left exposed to more cuts
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