Serco shares fall as plans to raise £550m are disclosed

By Jamie Hailstone | 12 November 2014

The value of shares in Serco plunged on the stock market after the outsourcing giant announced plans to raise £550m through a new rights issue.

The shares fell by 30% within hours of the wide-ranging announcement on 10 November, which also included cuts to its profit forecast for the current financial year.

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