Home news G4S slides as FTSE 100 tumbles

G4S slides as FTSE 100 tumbles


Security group G4S was the biggest faller on the FTSE 100 in Wednesday morning trading despite reporting a 7.6% rise in first-half profit.The firm saw its shares slide 5.3% after chief executive Ashley Almanza said it would sell off more underperforming assets this year.Overall, the 100-share index was down 52.77 points or 0.7% at 7,489.96.Meanwhile, the pound rose 0.05% against the dollar to exactly $1.30 and was up 0.26% against the euro to 1.1084 euros.Among the top gainers was payment processing firm Worldpay, which added 0.2% after agreeing to merge with US rival Vantiv.Biggest winners were mining firms Fresnillo and Randgold Resources, which gained 3% and 2.4% respectively.On Tuesday, the FTSE 100 narrowly failed to hit a record closing high after a late rally stalled just short of the magic mark.
Source: BBC