Serco profits lower than expected

Serco cheif resigns
Serco cheif resigns

%VIRTUAL-SkimlinksPromo%The fall-out from the scandal over Serco's criminal tagging contract is set to leave profits at the private security firm up to 20% lower than expected.

The latest warning from the troubled outsourcing firm came despite it being cleared by the Cabinet Office to resume bidding for public sector contracts.