More than a tenth was shaved off the value of shares in Serco after it confirmed it was handing money back to Whitehall following misreporting of its contract delivery.
The support services firm holding the London Docklands Light Railway, West London Parking alliance and Barclays Cyclehire phase three contracts said it will return £2m in profit it made from the prisoner escorting contract and forego any future profit from the deal.
The company said that it would co-operate fully with a...
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