G4S sets out restructuring plans as profits rise

G4S, the world's largest security firm, said it planned to exit a number of its businesses in the next two years as part of its ongoing restructuring plans, after it posted a 5.7 per cent rise in full-year profit to £427m.

G4S Security guards outside the USA training base at Alexandra Stadium, Birmingham Photo: David Davies/PA Wire.

The company said it expected to exit its G4S Israel, UK Utility services, US Youth Justice services and UK Children’s services.

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G4S employs around 2,600 people in Yorkshire and the Humber.