Christmas is coming. Is Serco getting fat?
Serco’s pre-close trading update is boringly predictable. It has reconfirmed its guidance.
The only fun comes in counting the number of staff requirement to put out a statement of fewer than 100 words. Take a bow Charles King (Head of Investor Relations), Dominic Cheetham (Director of Corporate Communications) and Marcus De Ville (Head of Media Relations).
Serco’s continued strong growth provides enough cover to keep everyone happy for now. When the music stops someone in Richmond will look around and wonder if all that overhead is really necessary.
