The security company plans to separate its cash transportation business with a view to listing it in the future Darren Staples / ReutersG4S shot up almost 10 per cent after the security services giant announced plans to separate its cash transportation business from its core division into a unit that it might list in the future. The FTSE 250 outsourcing company is best known for its services securing airports and prisons. Its cash solutions business, which includes ATM and cash transportation services, accounted for £1.2 billion of revenues in 2017 and has about 30,000 staff. The company said that it was considering options for the cash business, including a full demerger or an initial public offering. Shares in the group rose by 17½p, or 9.6 per cent, to 201p in morning trading.

Source: The Times December 13, 2018 12:00 UTC