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Serco Group plc (SCGPY)

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1.90000.0000 (0.00%)
At close: 09:30AM EDT
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  • Financial Times

    Serco’s Caledonian Sleeper contract to be axed next year

    The Scottish government has cancelled Serco’s contract to run the Caledonian Sleeper seven years earlier than planned, after failing to agree new financial terms for the historic yet unprofitable overnight rail service. Scotland’s transport minister Jenny Gilruth on Wednesday said the devolved government had exercised an option to terminate the franchise agreement with outsourcing company Serco in June next year. The change of contract raises the prospect of the Scottish government stepping in and nationalising the sleeper train service next year, and follows a decision to take train operator ScotRail into public ownership during the pandemic.

  • The Telegraph

    London to Scotland Caledonian Sleeper to be nationalised by Nicola Sturgeon

    Nicola Sturgeon is to seize control of the Caledonian Sleeper, paving the way for the nationalisation of the train service that runs from the Scottish Highlands to London.

  • The Guardian

    London to Scotland sleeper service tipped for renationalisation

    Scottish government says outsource firm Serco will lose contract to run Caledonian Sleeper next year