Business briefs: Strategist joins Swip rates team | Prisons brawl for Serco and G4S
Bridges, who has also held senior positions at ABN Amro, Morley and Citibank, joins the Edinburgh-based group as investment director for UK rates. He will oversee management of gilt and index-linked bond funds and develop new investment strategies.
Prisons brawl for Serco and G4S
Outsourcing group Serco will square up to under-pressure G4S in a battle to run more UK prisons as part of its plans to seize on £31 billion of new opportunities around the globe.
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Hide AdThe firm, which already runs six prisons and young offenders’ institutes, including Kilmarnock, said restructuring costs and difficult conditions in the US drove a 17 per cent fall in interim profits to £102.1 million.