US headwinds to weigh on Serco's first half

Outsourcing specialist Serco says it is on track to meet its 2012 full-year expectations but has warned that its first-half performance will reflect the challenging environment in the US.

Outsourcing specialist Serco says it is on track to meet its 2012 full-year expectations but has warned that its first-half performance will reflect the challenging environment in the US.

The firm has been awarded £3.9bn of contracts in the year-to-date, comprising signed contracts valued at £2.9bn and preferred bidder appointments valued at £1.0bn.

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