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G4S PLC (GFS.L)

GFS.L on London Stock Exchange

210.90GBp
24 May 2019
Change (% chg)

0.70 (+0.33%)
Prev Close
210.20
Open
213.20
Day's High
214.00
Day's Low
209.60
Volume
1,845,734
Avg. Vol
3,938,506
52-wk High
283.10
52-wk Low
173.55

Latest Key Developments (Source: Significant Developments)

G4s Q1 Rev Up 4.8 Pct, Says Separation Review Making Good Progress
Tuesday, 16 Apr 2019 

April 16 (Reuters) - G4S PLC ::Q1 2019 TRADING UPDATE.Q1 2019 GROUP REVENUES WERE 4.8% HIGHER THAN Q1 OF 2018.CONTINUE TO MAKE GOOD PROGRESS WITH OUR SEPARATION REVIEW WITH AIM OF ESTABLISHING TWO STRONG, INDEPENDENT BUSINESSES.BOARD BELIEVES THAT A SEPARATION HAS "CLEAR POTENTIAL TO UNLOCK SUBSTANTIAL SHAREHOLDER VALUE".SALES WINS IN SECOND HALF OF 2018 PROVIDED A GOOD START TO 2019.QTRLY CASH SOLUTIONS REVENUES INCREASED BY 4.4%.  Full Article

G4S Says Got Interest To Buy Cash Division, Statutory Profit Hit By Settlement Charge
Tuesday, 12 Mar 2019 

March 12 (Reuters) - G4S PLC ::2018 FULL YEAR RESULTS.FY SECURE SOLUTIONS REVENUES GREW 3.1%; MARGIN 6.5% (2017: 6.2%).FY UNDERLYING REVENUE £7,289M VERSUS £7,213M IN CONSTANT CURRENCY.FINAL DIVIDEND: 6.11P PER SHARE (2017: 6.11P); FULL YEAR 9.70P PER SHARE (2017: 9.70P).ON TRACK TO DELIVER £90-100 MILLION COST SAVINGS BY 2020, TO SUPPORT INVESTMENT AND MARGIN IMPROVEMENT.FY UNDERLYING ADJUSTED PBITA IN CONSTANT CURRENCY OF £474M VERSUS £474M.COMPANY IS TAKING STEPS TO ENABLE IT TO COMMENCE PROCESS OF SEPARATION OF GLOBAL CASH SOLUTIONS DIVISION IN SECOND HALF OF YEAR.IN EVENT OF SEPARATION, BELIEVE THAT SUCCESSOR SECURITY AND CASH MANAGEMENT BUSINESSES WILL BE "VERY WELL POSITIONED".SEPARATION REVIEW WILL INCLUDE POTENTIAL PORTFOLIO ACTIONS TO FURTHER IMPROVE FOCUS AND FINANCIAL FLEXIBILITY OF SUCCESSOR GROUPS.SINCE ANNOUNCING SEPARATION REVIEW, RECEIVED UNSOLICITED EXPRESSIONS OF INTEREST TO BUY GLOBAL CASH SOLUTIONS AND/OR RETAIL CASH SOLUTIONS.EXPECT TO INVEST AROUND £20 MILLION IN RESTRUCTURING CASH SOLUTIONS BUSINESS IN 2019.ESTIMATE THAT COSTS OF CASH SEPARATION REVIEW AND SEPARATION PROCESS WILL BE BETWEEN £25-50 MILLION.SALES WINS IN SECOND HALF OF 2018 HAVE UNDERPINNED A GOOD START TO YEAR.POSITIVE OUTLOOK FOR 2019.FY STATUTORY EARNINGS OF £82 MILLION (2017: £237 MILLION) INCLUDES £100 MILLION PROVISION FOR SETTLEMENT OF CALIFORNIA CLASS ACTION.FY STATUTORY EARNINGS ALSO INCLUDE £35 MILLION CHARGE FOR UK GUARANTEED MINIMUM PENSION EQUALISATION.  Full Article

G4S Secures Three-Year Agreement With International Cricket Council
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - G4S PLC ::HAS SECURED A THREE-YEAR AGREEMENT WITH CRICKET'S GLOBAL GOVERNING BODY, INTERNATIONAL CRICKET COUNCIL.G4S WILL OFFER SECURITY ADVICE AT VERY HIGHEST LEVEL ON MATTERS OF OPERATIONAL AND STRATEGIC VALUE TO ICC.  Full Article

G4S 2017 revenue outlook slightly lower than previously flagged
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - G4s Plc :‍trading for nine months was in line with expectations.​.‍organic revenue growth was 4.4%, with all regions growing apart from Middle east and India region​.‍organic revenue growth excluding Middle East and India was 6.1% for first nine months.​.‍quality of group's bid pipeline and our win momentum remain encouraging​.‍expects full year 2017 organic revenue growth of between 3-4% and good profit growth​.‍we remain focused on cash flow and are on track for group's net debt to ebitda ratio to be 2.5x or lower by end of 2017.​.  Full Article

Security firm G4S falls as Canadian rival abandons interest

Shares of G4S Plc fell as much as 9 percent in early trade on Tuesday after Canadian rival Garda World Security dropped its potential bid for the British security services company over the weekend.