• Text size      
  • Send this article to a friend
  • Print this article

Olympic security lapse hits G4S for 6%

Beleaguered security firm G4S suffered another 6% drop in its share price on the day that its boss admitted its reputation lay in tatters.

G4S's shares gave up 14.6p to 240p as chief executive Nick Buckles told MPs the London Olympics staffing episode had been a "humiliating shambles", meaning the group has seen more than £700 million wiped off its value since last Wednesday.

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.