Belfast Telegraph

Failed takeover hits G4S for £55m

The failed bid by prisons-to-security firm G4S to create the world's second biggest employer left it nursing a £55m hit to profits.

The group, which abandoned the £5.2bn swoop for Denmark's ISS in November following shareholder pressure, reported pre-tax profits fell 17% to £279m in 2011, including the cost of the bid.