The head of G4S today insisted he was the right man to make sure the firm delivered as many Olympic guards as possible, despite the on-going security debacle.

Nick Buckles said he was sorry and deeply disappointed after the firm, which is running the £284 million contract for Games security, failed to meet its targets.

He is under pressure to quit his £830,000-a-year job over the fiasco, which has resulted in the emergency deployment of soldiers and police officers and seen £400 million wiped off the market value of G4S.

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