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G4S shares sink as profits fall

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Shares in security firm G4S have sunk 7% after the company's results fell short of expectations.

Full-year pre-tax profits fell 63% to £143m after it was hit with costs related to a lawsuit settlement and a charge for pension equalisation.

Revenue dropped 4% to £7.5bn. The fall was blamed on the "relative strengthening" of the pound, and also came after it sold several businesses.

G4S added it had received "unsolicited expressions of interest" from firms looking to buy its cash business. In December last year, G4S had said it was looking to demerge or list the cash unit.

Source - BBC News

About the author

Philip Scott

Head of Equities, Director

Philip has worked as a Private Client Stockbroker for nearly 20 years, commencing his career in Operations with Rensburg Sheppards (now part of Investec plc) before spending 9 years with Killik & Co advising on and directly managing portfolios. He joined SI Capital in 2006 to head up the Private Client Advisory desk.

Philip is a regular contributor to local media commenting on stock market dynamics and is a Chartered Member of the Chartered Institute for Securities & Investment (MCSI). His RDR qualification gained special recognitionfrom the CISI for achieving the highest combined pass mark in the country for the Investment Advice Diploma in 2012.

“At SI Capital I enjoy being part of a talented team who collectively share the same desire to provide excellence in service.  My focus is to ensure that each client receives effective and optimal management of their assets.”

Philip lives locally, is married with 2 daughters and is an avid sports fan (if now predominantly from the sidelines).  His other interests include music and film.

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