All the updated news related to outsourcing

All the news related to outsourcing updated in real time

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Mick Lynch calls on Labour Party to tackle outsourcing contracts

Companies exploiting workers through outsourcing contracts are among the visitors to the Labour Party’s annual conference, a union leader has claimed. Mick Lynch, general secretary of the Rail, Maritime and Transport union (RMT), called on an ...

09 Oct 2023 at 17:08

City

Capita raises cost-saving target as it turns to AI to drive change

Outsourcing firm Capita has unveiled fresh cost-cutting plans worth £250 million as it targets savings from the use of artificial intelligence (AI) and staff leaving voluntarily. Shares in the firm were down by a tenth on Tuesday after it ...

17 Dec 2024 at 12:55

City

Outsourcer Serco hails strong momentum after rise in new orders

Government outsourcer Serco said it has seen strong momentum over the second half of 2024 on the back of rising orders. It indicated that its strongest pipeline of new business for “more than a decade” will help offset the impact of ...

19 Dec 2024 at 11:16

City

Bunzl upgrades profit guidance amid acquisition boost

Distribution and outsourcing firm Bunzl has increased its profit guidance for the year, with acquisitions set to boost sales. The FTSE 100 business told shareholders it now expects adjusted operating profits for 2024 to “show a ...

27 Aug 2024 at 07:55

City

Boss who led Serco through decade-long turnaround to step down

The grandson of Sir Winston Churchill, Rupert Soames, is to step down from his role leading Serco, a company that holds millions of pounds worth of contracts with the Government. The chief executive said “it is now time to ...

12 Sept 2022 at 09:21

City

Outsourcing giant Mitie reports record sales amid AI-led security projects

Outsourcing giant Mitie has reported record-high annual sales after it secured new projects with the UK Government and developed artificial intelligence-led security to combat retail crime. The FTSE 250-listed company ...

06 Jun 2024 at 08:39

City

Capita eyes £250m savings from AI and staff leavers

Outsourcing firm Capita has hiked its cost-saving target as it expects to shed around a fifth of staff who leave voluntarily while ramping up the use of artificial intelligence (AI). The major contractor for the ...

17 Dec 2024 at 08:10

NHS ‘reliant’ on private firms and charities for mental health care – think tank

The NHS has become “reliant” on private companies, charities and social enterprises to deliver routine mental health care, a think tank has warned. New analysis by the King’s Fund found more than one in four ...

29 Aug 2025 at 00:01

City

Bunzl increases earnings outlook as cost inflation eases

Distribution and outsourcing group Bunzl has increased its full-year earnings guidance thanks to easing cost pressures and self-help action to boost profitability. The group posted a 4% rise in underlying ...

29 Aug 2023 at 08:09

City

Capita reveals cyber attack set to cost it up to £20m

Outsourcing firm and government contractor Capita has revealed it will take a hit of up to £20 million from a recent cyber attack that saw some customer, supplier and staff data accessed by hackers. The ...

10 May 2023 at 08:06

City

Capita sells £60m stake in Government joint venture

Capita has agreed to sell its controlling stake in environmental research business Fera Science to UK private equity firm Bridgepoint. The outsourcing giant said it has sold its 75% stake in Fera for ...

04 Dec 2023 at 07:53

City

Outsourcing firms likely to signal lower revenues as NI changes weigh on costs

Investors in two of the UK’s biggest outsourcing companies will be hoping the firms can provide reason for optimism next week as they face challenges in the sector and higher costs next year. ...

13 Dec 2024 at 15:34

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