City Talk

Wales on SundayMay 10, 2004

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Summary


Security group Securicor is expected to turn in a 24% increase in half yearly pre-tax profits to pounds 32m tomorrow. The firm, merging with its Danish rival Group 4 Falck in a deal that will hand it a 42.5% stake, said its organic revenue growth was about 5%.

Rail and bus company FirstGroup is expected to report a 2.1% fall in full year profits to pounds 147.2m on Wednesday, according to one broker. A drop-off in rail profits, largely due to a pounds 10m rise in the cost of bidding for franchises, is thought to be responsible.

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City Talk

Adverse fluctuations in exchange rates and the weak doll...

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