Monday, June 13, 2016

ZOOM G4S tumbles in London after the shooting Orlando – Europe1

The British giant G4S private security tumbled Monday at the London Stock Exchange, weighed down by the fact that the company employed the author of Sunday carnage in a gay nightclub in Orlando (Florida, Southeastern States United).

This security company employed Omar Mateen. The title lost 6% to 176.20 pence at 10:40 GMT, moving to the lowest since March 2009, while the FTSE-250 index of average values ​​to which it belongs fell 1.35%. “G4S is one of the main falls mean values ​​then it appeared that the company security services used the man responsible for the worst mass shooting that the United States has ever known,” observed Jasper Lawler, analyst at CMC Markets. On Sunday, a man opened fire in a nightclub frequented by the gay community of Orlando, making 50 dead and 53 wounded.

The author of the bloodshed was in the viewfinder authorities . An FBI official said Sunday that the suspect had been questioned three times by the Federal Police in the context of two surveys. The first in 2013 was linked to about radicals he allegedly made on his workplace, the British firm G4S. “There are always (in the markets, Ed) an instinctive reaction to headlines that fuel strong sales in these situations, but the shooting Orlando could open a Pandora’s box for G4S,” said Jasper Lawler.

the company employs more than 50,000 people. Indeed, “the company G4S has more than 50,000 employees in the US, largely involved in public contracts. If the name of G4S begins to be dragged through the mud, the contracts with the US government could be more difficult to obtain, “warned Jasper Lawler. And to the analyst, it would have a strong negative impact on business results.

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