FTSE 350 Review 2018 

FTSE 350: Outsourcers braced for accounting change

FTSE 350: Outsourcers braced for accounting change

The outsourcing sector has been deservedly unloved in recent years. Verbal abuse and mistreatment of detainees uncovered at facilities run by Serco (SRP) and security specialist G4S (GFS), respectively, left the sector sorely in need of some good press, only to be followed by the announcement of further impairments from Capita (CPI) in early 2017 and Financial Conduct Authority (FCA) investigations into announcements made by Mitie (MTO). Meanwhile the recent collapse of Carillion (CLLN) has only increased investor wariness towards the sector.

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