Outsourcing giant Serco is becoming more international in its outlook with 44% of group revenue now generated outside of the UK.
The group said 2011 was a year of "solid operational performance and contract awards across the portfolio", reflected in a 7.4% increase in revenue to £4,646m from £4,327m in 2011. The organic revenue growth rate was 3.5%. The market had been expecting a revenue figure of £4,622m.
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The full year dividend has been increased more or less in line with earnings to 8.40p from 7.35p in 2010. The market consensus forecast was for a dividend of 8.18p.
More to follow ...
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Inheritance tax pension reforms will delay payments to grieving families and the taxmanThe government is pressing ahead with plans to charge inheritance tax on pensions but there are warnings that it will be harder for executors to administer an estate and pay HMRC
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More than a million pensioners set to be hit by tax on savings accountsA combination of higher interest rates and frozen tax thresholds is dragging more people into paying tax on their cash savings
