News

Shares fell as much as 14% in early trading after company warned on 2014 profit outlook

Jim Armitage: George Osborne's vow to raise £3.4bn from tax dodgers was cuckoo

Outlook If there's one thing you'll get accountants to agree with, it's that government pledges to recoup billions from tax avoiders are always massively overstated.

A Serco van used to transport defenders. Serco has also come under fire for overcharging taxpayers

Exclusive: No privatised lie detector tests for sex offenders following outsourcing scandals involving G4S and Serco

Decision to scrap outsourcing of controversial polygraph tests is latest blow to Government's privatisation plans following scandals involving G4S and Serco

What the Sunday papers said

Independent on Sunday: IT firms lose billions after NSA scandal

American technology firms have lost billions of dollars of business from Asia in the wake of the National Security Agency scandal. Financial filings from IBM and Cisco reveal the two have seen sales slump by more than $1.7bn (£1.03bn) year-on-year in the key Asia-Pacific region as governments and businesses shun American IT firms.

Rolls-Royce is investigated by the SFO over alleged bribery abroad

Analysts think the company could be in line for a multimillion-pound penalty

G4S was damaged by its inept handling of security for the 2012 London Olympics

G4S set to face new Serious Fraud Office investigation

G4S is facing fresh controversy after the Government announced it plans to refer the private security giant to the Serious Fraud Office for a second time.

Serco to pay back £69m over fraudulent tagging contracts

More than two-thirds of Government contracts held by the controversial outsourcing giants Serco and G4S are open to fraud and error, ministers have admitted.

Victor Dahdaleh corruption case: Billionaire's fraud trial collapses after key SFO witnesses refuse to give evidence

A major anti-corruption trial involving a billionaire Labour donor who is a friend of Tony Blair collapsed yesterday following an embarrassing error by the Serious Fraud Office.

Ex-director of ENRC claims 'leak' meeting with reporter was a bluff

The City grandee Sir Paul Judge has claimed that he was tricked by a supposed journalist in a sting operation orchestrated by the controversial mining company ENRC, with which he is locked in a bitter battle.

Capita chief executive Paul Pindar to return to private equity

Paul Pindar will appear before MPs investigating government outsourcing on Wednesday

James Moore: G4S needs radical surgery to survive

Outlook The reason that G4S made such a pig's ear of the London Olympics is that it failed to hire enough staff to do the job.

HMP Oakwood : Britain’s biggest jail - run by G4S - is ‘too violent’

Britain’s biggest prison has been criticised by inspectors in another blow to its private operator G4S. HMP Oakwood in Wolverhampton, which can hold 1,600 inmates, had inexperienced staff and high levels of violence and self-harm, HM Inspectorate of Prisons said following a surprise visit.

The News Matrix: Wednesday 2 October 2013

Attacks cost £154m in lost tourism

JJB ex-chief’s court plea fails

Chris Ronnie, the former boss of the collapsed sports chain JJB, has failed to have his court case for an alleged £1m fraud thrown out.

The News Matrix: Friday 27 September 2013

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