G4S shows ‘ resilient’ performance

SECURITY group G4S has revealed its revenues have been “resilient” in the first eight months of the year as the business is locked in a potential hostile takeover battle with a Canadian rival.

The business said its revenues were just 1.9 per cent lower compared with the same period in 2019, and the drop has been “more than offset” by controlling costs.

Last week, bosses at G4S told suitor GardaWorld to go back to the drawing board, rejecting a £ 3billion takeover offer floated by the Canadian security company.