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.
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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%.
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