G4S http://www.globalpost.com/taxonomy/term/32287/all en Security firm G4S loses £70 mn over Olympics fiasco http://www.globalpost.com/dispatch/news/afp/130212/security-firm-g4s-loses-70-mn-over-olympics-fiasco <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130212/security-firm-g4s-loses-70-mn-over-olympics-fiasco" target="_blank">read more</a></p> Buckles G4S G4S GBP AFP Tue, 12 Feb 2013 13:15:57 +0000 5753506 at http://www.globalpost.com UPDATE 1-Security firm G4S to sell struggling US Government arm http://www.globalpost.com/dispatch/news/thomson-reuters/130305/update-1-security-firm-g4s-sell-struggling-us-government-arm <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130305/update-1-security-firm-g4s-sell-struggling-us-government-arm" target="_blank">read more</a></p> G4S G4S Houlihan Lokey Thomson Reuters Tue, 05 Mar 2013 13:15:21 +0000 5773820 at http://www.globalpost.com G4S profits rise despite Olympic debacle http://www.globalpost.com/dispatch/news/thomson-reuters/130313/g4s-turns-emerging-markets-after-2012-olympic-blunder <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130313/g4s-turns-emerging-markets-after-2012-olympic-blunder" target="_blank">read more</a></p> Currency G4S G4S Pound sterling Thomson Reuters Wed, 13 Mar 2013 15:31:20 +0000 5782289 at http://www.globalpost.com British government: Security firm G4S overcharged millions for electronic monitoring http://www.globalpost.com/dispatch/news/the-canadian-press/130711/british-government-security-firm-g4s-overcharged-millions-el <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>LONDON - The British government said Thursday it was calling in fraud investigators after auditors found security giant G4S had overcharged by millions of pounds on contracts to monitor offenders using electronic tags.</p> <p>Justice Secretary Chris Grayling said he was asking the Serious Fraud Office to "consider whether an investigation is appropriate into what happened" after G4S refused to take part in a forensic audit of its contract.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130711/british-government-security-firm-g4s-overcharged-millions-el" target="_blank">read more</a></p> G4S G4S Politics Safety Security The Canadian Press Thu, 11 Jul 2013 13:33:52 +0000 5881444 at http://www.globalpost.com New G4S boss starts turnaround with $541 million share sale http://www.globalpost.com/dispatch/news/thomson-reuters/130828/new-g4s-boss-starts-turnaround-541-million-share-sale <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Neil Maidment</p> <p>LONDON (Reuters) - G4S &lt;GFS.L&gt;, the world's largest security services firm, raised 348 million pounds ($541 million) through a share sale with more to come from asset disposals as its new boss seeks to cut debt and focus on emerging markets growth.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130828/new-g4s-boss-starts-turnaround-541-million-share-sale" target="_blank">read more</a></p> Barclays BT Group Business G4S G4S Thomson Reuters Thu, 29 Aug 2013 00:16:33 +0000 5920182 at http://www.globalpost.com Security firm G4S says rejects part-takeover bid http://www.globalpost.com/dispatch/news/afp/131028/security-firm-g4s-says-rejects-part-takeover-bid <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>G4S, the British security services firm, said Monday it had rejected a bid of £1.55 billion for its unit responsible for transporting and storing cash and valuables on behalf of businesses.</p> <p>G4S revealed that it had last week received an offer for its cash solutions business, equivalent to $2.51 billion or 1.81 billion euros , from British private-equity group Charterhouse Capital Partners. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131028/security-firm-g4s-says-rejects-part-takeover-bid" target="_blank">read more</a></p> Charterhouse Capital Partners G4S G4S AFP Mon, 28 Oct 2013 09:49:10 +0000 5972734 at http://www.globalpost.com UK charity calls for government ban for G4S and Serco http://www.globalpost.com/dispatch/news/thomson-reuters/140512/uk-charity-calls-government-ban-g4s-and-serco <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - British outsourcing firms G4S &lt;GFS.L&gt; and Serco &lt;SRP.L&gt; should be barred from bidding for government work until a fraud investigation into their failed criminal-tagging contracts is complete, a penal reform charity said on Tuesday.</p> <p>The two firms were found in July to have charged for monitoring criminals who were dead, in prison or had not been tagged at all. The scandal led to a ban on new work, managerial departures, business overhauls and big hits to shares and profits at both companies.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140512/uk-charity-calls-government-ban-g4s-and-serco" target="_blank">read more</a></p> G4S Serco Group Thomson Reuters Tue, 13 May 2014 03:18:51 +0000 6145381 at http://www.globalpost.com