Weak Mideast revenues hit world's biggest security group

Weak Mideast revenues hit world's biggest security group:

Shares in Britain's G4S tumbled as much as 7 percent on Thursday after the world's largest security group reported a fall in first-half profit, hit by restructuring costs and weaker revenues from the Middle East.

G4S, which provides outsourced services to manage cash including guarding and security, is in the final stages of a four-year restructuring programme and is also cutting costs to boost productivity.

It said it secured new contracts in the first half which would lift revenues going forward and would start to reap technology-related productivity gains, but investors fretted about narrowing margins.