LONDON (Reuters) – British security firm G4S, which failed to supply key security staff for the London Olympics last year, will post a 70 million pound loss on the contract after finally agreeing a settlement with the Games organisers.

The world’s biggest security firm revealed just weeks before the Games began that it could not provide 10,400 guards, forcing the government to call on military and police personnel to cover the shortfall.

LONDON, Feb 12 (Reuters) – British security firm G4S
, which failed to supply key security staff for the
London Olympics last year, will post a 70 million pound ($110
million) loss on the contract after finally agreeing a
settlement with the Games organisers.

The world’s biggest security firm revealed just weeks before
the Games began that it could not provide 10,400 guards, forcing
the government to call on military and police personnel to cover
the shortfall.

LONDON (Reuters) – The government said on Friday crime lay behind some cases of horsemeat finding its way into “beef” products on supermarket shelves, amid a growing scandal in a country where many regard the idea of eating horse with horror.

Investigations into suppliers have been launched in recent weeks after the revelation that beef products sold to companies including Britain’s biggest grocer Tesco and fast-food chain Burger King contained horsemeat.

LONDON, Feb 8 (Reuters) – Britain said on Friday crime lay
behind some cases of horsemeat finding its way into “beef”
products on supermarket shelves, amid a growing scandal in a
country where many regard the idea of eating horse with horror.

Investigations into suppliers have been launched in recent
weeks after the revelation that beef products sold to companies
including Britain’s biggest grocer Tesco and fast-food
chain Burger King contained horsemeat.

LONDON, Feb 7 (Reuters) – While bulging store estates are
being blamed for the death of many British firms in a new
digital age, Topps Tiles is adding outlets as it targets
greater market share in its niche retail sector.

The UK tile and flooring firm expects to open eight stores
this financial year, to add to the 322 it currently operates. It
is also relocating and refurbishing existing ones, and believes
it could expand to between 350 and 400 in the longer term.

LONDON (Reuters) – Tradition has counted for nothing as new trends put paid to some of Britain’s best-known retailers, while some of the oldest names, like venerable department store chain John Lewis, are showing how to catch the changing tide.

With footfall on the high street in decline and new sales channels chipping away at bricks-and-mortar retail, most stores on the main shopping strips are having to evolve fast or face extinction.

LONDON (Reuters) – Tradition has counted for nothing as new trends put paid to some of Britain’s best-known retailers, while some of the oldest names, like venerable department store chain John Lewis, are showing how to catch the changing tide.

With footfall on the high street in decline and new sales channels chipping away at bricks-and-mortar retail, most stores on the main shopping strips are having to evolve fast or face extinction.

LONDON, Feb 5 (Reuters) – G4S, the world’s largest
security firm, said it is regaining customers’ confidence after
its high-profile staffing blunder during the London Olympics
left its reputation in tatters and its main client seething.

The prospect of losing out on British government work has
been the main cause of analysts’ concerns ever since G4S failed
to provide a promised 10,400 guards at last year’s Olympics. The
failure embarrassed Britain, a client responsible for around 10
percent of the company’s expected 8 billion pound ($12 billion)
2011/12 turnover, and wiped over 600 million pounds off its
marketcap at the time.

LONDON (Reuters) – British group Premier Foods (PFD.L: Quote, Profile, Research, Stock Buzz) said Chief Executive Michael Clarke had resigned, after 18 months trying to streamline the debt-laden maker of Hovis bread, a surprise departure that hit its shares on concern over its turnaround plan.

Clarke sold brands including Sarson’s vinegar and Branston pickle to bring down 1.3 billion pounds ($2 billion) of borrowing built up before the financial crisis, and initiated a shake-up at the company’s bread division.

LONDON (Reuters) – G4S, the world’s biggest security firm, is seeing a pick up in demand for its services from embassies and companies across Africa in the wake of unrest in Mali and Algeria.

The British group, battling to recover at home from botching a contract at last year’s London Olympics, is seeing a rise in work ranging from electronic surveillance to protecting travelers, its regional president for Africa told Reuters.