Serco loses Australian immigration services contract

Serco shares drop 10% after losing major Australian immigration contract renewal
Serco Group (LON:SRP) on Friday said it was unsuccessful in securing the renewal of its longstanding immigration detention contract with the Australian government, sending its share down over 10%. The contract,
Serco loses Australian immigration services contract, shares down over 12%
Serco Group shares fell more than 12% on Friday after the British outsourcing company said it was unsuccessful in its bid to renew an immigration services contract with the Australian government.
Serco Loses Australian Contract Amid Tax Challenges
Serco Group plc (GB:SRP) has released an update. Serco Group PLC faced a setback as it failed to secure a renewal of its Australian immigration
Serco loses £165m Australian contract, estimates big hit from NI tax changes
Serco issued a double whammy of bad news for investors on Friday, revealing that it has not been reselected for its long-running Australian immigration detention centres contract, and estimating changes to employer national insurance contributions will increase labour costs by £20m a year.
Serco Group Loses Bid for Australian Immigration Contract
Serco Group said it was unsuccessful in its re-bid to provide immigration services to Australia's Department of Home Affairs, and its current contract is due to end on Dec. 10.
Serco unsuccessful in rebid for Australian immigration contract
(Alliance News) - Serco Group PLC on Friday said it has been unsuccessful in renewing its contract for the provision of immigration services in Australia. Serco is an outsourcer based in Hampshire, England. It focuses on defence, justice & immigration, transport, health and other facilities management and citizen services.
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FTSE 250 movers: Serco tanks on lost contract, while NI tax changes bite
Shares in Serco fell 8% after it was revealed that the company had lost a long-running Australian immigration detention centres contract while simultaneously warning of rising labour costs.
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