- Serco said it had secured a contract from the UK Ministry of Justice to provide prisoner escort and custody services for the South of England region.

The new contract would start on 29 August 2020 and had a total estimated value to Serco of about £800m over its ten-year term.

Serco would be responsible for the safe and secure transportation of prisoners between prisons and courts, and for the safe and secure custody of prisoners while at court.

The company said it was investing in a new fleet of vehicles and an IT upgrade programme.

The contract would incur mobilisation and transformation costs of around £4m that would be charged to profit in 2020, it added.

At 1:13pm: [LON:SRP] Serco Group PLC share price was +1.2p at 156.3p

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