The 52-year-old steps down a year after becoming embroiled in a fiasco surrounding the Olympics that saw the military drafted in to provide security for the games after G4S was accused of presiding over a shambles.

The US Senate Committee unleashed heavy criticism on the California-based company on Monday, branding its complex structure the "Holy Grail of tax avoidance".

By David Brett. LONDON | Tue May 21, 2013 11:56am BST. LONDON (Reuters) - Rallying miners and a contract win for outsourcing company Capita helped steady the FTSE 100 by midday on Tuesday despite weakness in travel firms after disappointing ...

Marks & Spencer Group Plc (MKS), the U.K.'s largest clothing retailer, said it will spend less on bringing the business up to speed with competitors as it moves beyond recovery and places greater emphasis on rewarding shareholders.

Rocketing growth in China helped annual sales at Burberry hit �2bn for the first time as the British luxury goods group banks on the giant Asian economy and Latin America for further growth.