G4S: shares rise after 'good start' to year
(CercleFinance.com) - G4S shares rose on Tuesday after the British security company said that it has had "a good start" to 2019.
The group said revenues rose 4.8% in the first quarter, with growth in all regions and divisions.
In particular, G4S said it benefited from winning contracts in the second half of 2018, and from the renegotiation of agreements in certain businesses, which increased revenues.
Secure solutions revenues rose by 4.9% over the quarter, while cash solutions revenues increased by 4.4%, it said.
In the statement, G4S said that it was continuing to make good progress with the separation process of its cash division.
G4S shares, which have risen by 18% year-to-date, are currently up 1.6%, valuing the business at 3.5 billion pounds.
Last week Canada's Garda World said that it was considering making a possible cash takeover bid on G4S.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The group said revenues rose 4.8% in the first quarter, with growth in all regions and divisions.
In particular, G4S said it benefited from winning contracts in the second half of 2018, and from the renegotiation of agreements in certain businesses, which increased revenues.
Secure solutions revenues rose by 4.9% over the quarter, while cash solutions revenues increased by 4.4%, it said.
In the statement, G4S said that it was continuing to make good progress with the separation process of its cash division.
G4S shares, which have risen by 18% year-to-date, are currently up 1.6%, valuing the business at 3.5 billion pounds.
Last week Canada's Garda World said that it was considering making a possible cash takeover bid on G4S.
Copyright (c) 2019 CercleFinance.com. All rights reserved.