Firering Strategic Minerals: From explorer to producer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGFS.L Share News (GFS)

  • There is currently no data for GFS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

G4S 'Picked To Run New Mega Prison' In Wellingborough

Thu, 09th Jul 2020 20:00

(Alliance News) - Outsourcer G4S PLC has been selected to run a new mega prison, it is understood.

The company is the preferred choice to be awarded the contract for the new category C HMP Wellingborough in Northamptonshire, which cost GBP253 million to build and is set to hold 1,680 criminals, sources told the PA news agency.

The decision, which is yet to be ratified and could still be challenged by other companies vying for the job, comes after G4S was last year stripped of its contract for running Birmingham prison seven years early.

The jail, one of the largest in the country, was taken back under state control having plunged into crisis under private management, according to a damning report by the chief inspector of prisons Peter Clarke.

His findings detailed scenes likened to a war zone in which inmates walked around "like zombies" while high on drugs and flouted the rules with impunity.

G4S also pulled out of running Brook House immigration removal centre near Gatwick Airport and the Medway secure training centre in Kent after BBC's Panorama programme broadcast undercover footage of inmates and detainees allegedly being mistreated.

But the company also runs four other prisons, Altcourse, Parc, Rye Hill and Oakwood, all of which have won praise from inspectors.

An announcement confirming the Wellingborough decision is expected in the coming weeks, subject to any appeals lodged.

Building work began in September on the so-called "mega" prison which is due to open next year on the site of the former jail which closed in 2012.

The project is described as a flagship example of the government's aim to create a "modern, efficient prison estate that is fit for the future".

The stock closed down 2.7% at 117.60 pence in London on Thursday.

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
10 Jul 2020 18:55

G4S To Pay Out GBP44 Million To Settle Electronic-tagging Fraud Case

G4S To Pay Out GBP44 Million To Settle Electronic-tagging Fraud Case

Read more
8 Jul 2020 14:03

Wednesday broker round-up

(Sharecast News) - Persimmon: Peel Hunt upgrades to add with a target price of 2,730.0p.

Read more
8 Jul 2020 09:50

UK BROKER RATINGS SUMMARY: Goldman Cuts Rio Tinto To Neutral From Buy

UK BROKER RATINGS SUMMARY: Goldman Cuts Rio Tinto To Neutral From Buy

Read more
24 Jun 2020 13:42

Wednesday broker round-up

(Sharecast News) - G4S: Credit Suisse upgrades to outperform with a target price of 140p.

Read more
24 Jun 2020 09:25

UK BROKER RATINGS SUMMARY: Citigroup Cuts Dunelm, Raises Pets At Home

UK BROKER RATINGS SUMMARY: Citigroup Cuts Dunelm, Raises Pets At Home

Read more
24 Jun 2020 08:10

LONDON BRIEFING: UK Pubs And Cinemas Set Out Plans To Reopen

LONDON BRIEFING: UK Pubs And Cinemas Set Out Plans To Reopen

Read more
18 Jun 2020 13:55

Thursday broker round-up

(Sharecast News) - Carnival: Berenberg downgrades to sell with a target price of 800p.

Read more
18 Jun 2020 09:40

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Carnival To Sell

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Carnival To Sell

Read more
17 Jun 2020 12:26

G4S revenues dip as cash solutions business hit by lockdown

(Sharecast News) - Security services firm G4S reported a small dip in revenue for the five months to the end of May, as a solid performance in the secure solutions division was offset by weakness in the cash solutions segment due to the coronavirus lockdown.

Read more
10 Jun 2020 16:17

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
8 Jun 2020 09:31

UK BROKER RATINGS SUMMARY: RBC Cuts JD Sports And Raises Kingfisher

UK BROKER RATINGS SUMMARY: RBC Cuts JD Sports And Raises Kingfisher

Read more
4 Jun 2020 17:36

Airlines Handed GBP1.8 Billion In UK Emergency Coronavirus Loans

Airlines Handed GBP1.8 Billion In UK Emergency Coronavirus Loans

Read more
22 May 2020 10:01

UK BROKER RATINGS SUMMARY: Exane Rates Barclays, StanChart At Neutral

UK BROKER RATINGS SUMMARY: Exane Rates Barclays, StanChart At Neutral

Read more
22 May 2020 08:08

LONDON BRIEFING: With HK Again In Turmoil, Burberry Skips Final Payout

LONDON BRIEFING: With HK Again In Turmoil, Burberry Skips Final Payout

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.