The public sector outsourcing company Serco issued a pre-close trading statement this morning, noting some modest improvements in guidance for the current year, along with a notable acceleration of momentum in FY26. Management note robust order intake as governments globally face ever more complex challenges and note that the high barriers to entry ought to protect the company’s position in the near term. The Serco share price was up 4% in early trade
The value added distributor and services company also had a pre-close statement out today, reiterating full year guidance despite the ongoing macroeconomic challenges. Management note confidence in the group’s resilience, adding that this should enable a consistent performance in the medium term, with a return to organic growth seen for 2026. The market appeared more focused on the short term however and new of margin pressures, with the Bunzl share price down more than 6% in early trade.
Defence sector consulting firm RC Fornax this morning announced it had secured a close on £500k contract extension with an existing client, representing the next incremental stage of project delivery. This new momentum comes off the back of a strong first quarter of trading, although there’s no reference to revised guidance made in the note. The RC Fornax share price had added more than 5% shortly after the open.
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