Security group G4S has apparently paid the price for the London Olympics staffing fiasco that embarrassed Britain's government, missing out on contracts to run prisons.
Not only did it fail to win any new contracts in the biggest round of prison privatisation in England and Wales so far, but it has also lost its contract to run Britain's first private prison
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
In addition, it is also out of the running in a further two contracts to run five other jails that are going to be privatised by the government under the direction of new justice secretary, Chris Grayling.
CM
-
London claims victory in the Brexit warsOpinion JPMorgan Chase's decision to build a new headquarters in London is a huge vote of confidence and a sign that the City will remain Europe's key financial hub
-
The reinvention of the high street – and how to investThe high street brands that can make shopping and leisure an enjoyable experience will thrive, says Maryam Cockar
