Shares in FTSE 100-listed secure outsourcing group G4S dipped on Tuesday morning after the group published its first quarter results revealing a 0.6 per cent contraction in group operating margin when compared to one year earlier.
The group said that this reflected four main reasons, including continued challenging economic and trading conditions in Continental Europe, ongoing pricing pressure in the UK and Ireland, the mix effect of new contracts starting in the UK and the impact of a £6.0m charge in the African region. The charge related mainly to the write-off of receivables, the group said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
