22nd Nov 2013 10:12
LONDON (Alliance News) - Serco Group PLC Friday said that the Ministry of Justice has decided to keep a group of prisons in South Yorkshire under public sector management for the time being because urgent changes are needed at the prisons and transfer to private sector control would delay them.
"From meetings with the UK Government it is clear that the operational needs of the prisons will be best served by the necessary changes being implemented without further delay," acting Chief Executive Ed Casey said in a statement.
Serco shares were up 1% at 442.95 pence Friday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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