Serco Jumps as Turnaround Leads to Boost in Profit-Target

Updated on
  • Underlying trading profit seen at at least 80 million pounds
  • Currency to help earnings after Brexit vote led to pound drop

Serco Group Plc shares surged to a 14-month high after the U.K. government-services contractor raised its profit target for a second time this year following quicker-than-expected cost savings and the pound’s plunge.

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