G4S profits dented by Olympics woe

Security guards group G4S have had to count the cost of last year's Olympics fiasco after seeing annual profits drop by 32% to £175 million.

The company, which is the largest employer on the London Stock Exchange with 620,000 staff in 125 countries, took a hit of £91 million on the Games project after it failed to provide all of its 10,400 contracted guards.%VIRTUAL-SkimlinksPromo%