G4S seals British Gas meters deal

G4S, the outsourcing group at the centre of last year's Olympic security fiasco, has won a meter-reading contract with British Gas worth £150m.

The FTSE 100 giant has agreed a seven-year deal with the energy supplier, which will start in April. The company already reads meters for energy providers such as Scottish Power and E.ON, and had previously run the British Gas contract with Siemens.