Company News

Shire raises full-year growth forecast; shares jump

Stock in Shire Plc jumped more than 2 per cent after the pharmaceutical firm reported better-than-expected first-quarter earnings and raised its growth forecast for 2014.

Serco unveils £170M emergency cash plans as CFO exits

Outsourcing giant Serco on Wednesday unveiled plans to raise £170 million in emergency cash, alongside the announcement of the departure of its chief financial officer (CFO) Andrew Jenner.

Serco said in a statement that it would issue nearly 50 million new shares to raise the emergency cash. The new shares will represent slightly less than 10 per of the group's existing share capital.

Saga’s upcoming floatation expected to be more popular than that of Royal Mail

Saga's planned stock market float is expected to prove more popular than the part-privatization of the Royal Mail as one in every three of the group's more than two million customers have expressed interest in buying shares.

Camelot to split into two units after current CEO’s retirement in October

Lottery operator Camelot has announced that its long-time chief executive officer, Dianne Thompson, will retire in October this year.

AMG stock jumps most in over 2 years on better-than-expected results

Stock in Affiliated Managers Group (AMG) jumped to its highest in more than two years on Tuesday after the group reported better-than-expected results for the first quarter 2014.

Serco shares slip on profit warning

Scandal-tainted Serco shares suffered a deep plunge on Tuesday after the outsourcing giant issued a profit warning and announced plans for a rights issue.