G4S suffers rejection from police force

Security company G4S has been rejected for a police outsourcing deal by the Police and Crime Commissioners (PCCs) body, reports said Tuesday.

Three police forces - Bedfordshire, Cambridgeshire and Hertfordshire - had planned to employ the company's IT and human resources services, but have now backed out, following the PCCs's rejection.

G4S had made no comment at the time of publication.

The decision has yet to be formalised, the BBC said Tuesday.

The plan was formed to save the three forces around £73m, and had considered a tie-up with Lincolnshire police, which already has a 10-year contract with the security group.

G4S suffered a disasterous summer after its poor handling on the Olympic Games security, which cost it £50m after it was 10,400 security guards short for the event.

The share price dropped 0.86% to 276.50p by 15:35.

NR