Security firm G4S, whose boss Nick Buckles survived attempts to oust him following the Olympic Games problems, has bought two Belgian companies for just under three million pounds.
It's a small investment for GFS, which has a £3.7bn market cap, intended to enable G4S Belgium to diversify and broaden its reach into the higher margin niche safety market.
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
Consensus forecasts for the year ending December 31st 2012 are for pre-tax profits of £392m on turnover of £8.1bn. It offers a prospective yield of 3.3%.
CM
-
DIY pension investors take tax-free cash amid switch to ISAsSelf-invested personal pension (SIPP) investors are rushing to withdraw their tax-free cash and turning to ISAs amid fears of a pension tax raid in the Autumn Budget
-
12 ways pensions could be reformed in Budget – including an alternative to charging IHTPension savers could face new rules after the Budget if chancellor Rachel Reeves targets their pots to fill her own fiscal black hole – what potential pension changes could be on the way?
