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Under-fire G4S head steps down

Agence France-PresseMay 21, 2013 06:01
G4S, the British firm embroiled in a security fiasco at the London 2012 Olympics, said on Tuesday that its under-fire chief executive Nick Buckles will step down. "G4S today announces that Nick Buckles will step down as CEO (chief executive) and retire from the company and as a director on 31 May 2013," the London-listed company said in a statement. Buckles had faced intense pressure to resign after his company failed to provide thousands of the guards it had pledged for the Games, forcing the government to draft in thousands of extra troops to fill the shortfall.

G4S profits rise despite Olympic debacle

March 13, 2013 11:31
LONDON (Reuters) - Security group G4S posted a six percent rise in annual profit, as emerging markets growth helped soften the blow of an Olympics staffing blunder that rocked the British firm in 2012. The world's No.1 security group on Wednesday said 2012 operating profit excluding the Olympics was 516 million pounds, up six percent on 2011 and within analysts' forecast range of between 510 and 520 million pounds.

UPDATE 1-Security firm G4S to sell struggling US Government arm

March 5, 2013 09:15
LONDON, March 5 (Reuters) - G4S, the world's biggest security firm, said it would sell its high-level U.S. government business by the end of the year after budget cuts and delays hit revenues in the division. The sale is expected to complete within six months, it said on Tuesday, explaining that as a non-U.S. firm it had less access to important commercial data, which compounded the high-level security restrictions which made it harder to manage and grow the business.

Britain's FTSE rebounds cautiously as traders eye Italy

February 22, 2013 05:30
* FTSE 100 up 0.7 percent * Traders cautious ahead of Italy election * Financials, miners lead rebound * Burberry up on bid talk * G4S falls as HSBC downgrades By David Brett LONDON, Feb 22 (Reuters) - Britain's blue chip shares rebounded in early trade on Friday after sharp falls the previous session, led by mining and financial stocks, but traders said gains could be stifled ahead of the weekend election in Italy.

Security firm G4S loses £70 mn over Olympics fiasco

February 12, 2013 09:15
British security giant G4S is to lose £70 million ($110 million, 82 million euros) over its failure to provide enough guards for the London Olympics, the company said on Tuesday. The firm had previously estimated that it would lose £50 million over the fiasco, which forced the British government to draft in 4,700 troops at the last minute to help guard the Games.

RPT-INTERVIEW-G4S says Algeria, Mali unrest raising security demand

January 28, 2013 04:45
(Repeats story from Jan 25. No change to text) * Pick up in demand from embassies, companies in Africa * Considering moves into Libya, Somaliland * Emerging markets account for over third of group profit By Neil Maidment LONDON, Jan 25 (Reuters) - G4S, the world's biggest security firm, is seeing a pick up in demand for its services from embassies and companies across Africa in the wake of unrest in Mali and Algeria.

INTERVIEW-G4S says Algeria, Mali unrest raising security demand

January 25, 2013 12:45
* Pick up in demand from embassies, companies in Africa * Considering moves into Libya, Somaliland * Emerging markets account for over third of group profit By Neil Maidment LONDON, Jan 25 (Reuters) - G4S, the world's biggest security firm, is seeing a pick up in demand for its services from embassies and companies across Africa in the wake of unrest in Mali and Algeria.
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