Rolling live coverage of business, economics and financial markets as sterling hits a near-three-year high
A bidding battle for G4S, the outsourcing company, has fizzled out after Canadian security company GardaWorld said on Monday that it will not raise its bid from the 235p offered in December.
There can be no better owner for G4S than GardaWorld, but we are disciplined buyers and we will not overpay for a company with systemic ESG issues that continue to come to light.
In light of the above, we have concluded that priced above 235 pence per share, there are better and less risky opportunities available to GardaWorld.
One key stock to watch later will be Boeing, which is facing yet another problem, this time with its older 777 planes.
Related: Boeing 777s grounded around world after Denver engine failure
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