BUSINESS LIVE: FTSE starts the week on the back foot

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BUSINESS LIVE: FTSE starts the week on the back foot; G4S bidder Gardaworld refuses to improve offer

By This Is Money

Published: | Updated:

The FTSE 100 has begun the week slightly lower as investors await confirmation of Britain’s path out of lockdown today.

Details reported so far suggest there will still be some time to wait before customer facing business such as shops and restaurants can reopen.  

Canadian security giant GardaWorld said it will not be increasing its 235p-a-share offer for UK rival G4S as an auction process for the firm starts this week.

Bosses said the £3.7 billion bid will not be increased, and warned that anything higher would overvalue G4S due to a series of unspecified corporate governance issues at the firm.

British security firm G4S agreed a £3.8billion deal worth 245p per share after a bitter bidding war with Canadian predator Garda World

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