Serco has been helping the government with its test and trace strategySerco, one of contractors on the front line helping the government to implement its responses to the Covid-19 crisis, has reported a 53 per cent increase in half-year profits. That news helped to send Serco’s shares tumbling after a strong recovery during the pandemic. In late morning trading the shares were down 12 per cent at 149p. When the UK went into lockdown its shares had dropped from a 2020 high of 166p to 102p. Serco specialises in doing the jobs that governments would rather

Source: The Times August 06, 2020 11:03 UTC