New Serco chairman opens account

The wife of Serco's new chairman Alastair Lyons has opened the couple's account in the firm with the purchase of nearly £100,000 worth of shares.

Shauneen Lyons bought 15,000 shares in the company, paying 632.97p a time.

The purchase comes the day after Serco, whose activities include operating London's Docklands Light Railway, said it is on track to meet its financial guidance for 2010 after a strong performance in the first half of the year so far.

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Companies such as Serco are hoping to benefit from their ability to help run services more cheaply and efficiently as governments look to cut costs following the economic crisis.

'The global demand in the current economic environment for the efficient delivery of essential services is driving significant opportunities for us in both existing and new markets,' Serco said.

'This, together with our substantial order book, excellent revenue visibility, strong capabilities and operational track record, supports our expectation of achieving strong organic revenue growth in 2010 and making further progress towards our 2012 margin guidance.'

Lyons was appointed chairman of Serco in March. He has also been chairman of the car insurer Admiral and is deputy chairman of the housebuilder Bovis.

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Serco Group (SRP) Director name: Mr Alastair Lyons CBEAmount purchased: 15,000 @ 632.97p Value: £94,946

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