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We think intelligent long term investing is the way to go. But that doesn't mean long term investors can avoid big...
[8] [15] In November 2014, its share price, which stood at 674p before the taxpayer scandal broke in 2013, [8] collapsed to 218.7p, after four profit warnings. That same month, it was announced that Alastair Lyons , the chairman of Serco, was resigning from his position. [ 16 ]
Serko was founded in 2007 by Darrin Grafton and Robert Shaw, based on a previous business idea. In 2012 Serko received a $2.3 million NZD grant from Callaghan Innovation, [5] the R&D investment arm of the New Zealand Government, and commenced an international expansion, opening a development office in Xi'an, China.
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LONDON -- The shares of Serco were flat at 633 pence yesterday morning after the international services group said it expects to see a modest improvement on last year's 4% growth in revenue.
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