Lloyds Banking Group PLC (LLOY), TUI Travel PLC (TT): FTSE Shares That Soared and Plunged This Week

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G4S plc (LON:GFS)
Security group G4S plc (LON:GFS) headed the list of fallers by quite some way, with its price plunging 58 pence (19%) to 248 pence after disappointing first-quarter results were released on Tuesday. The company, which famously failed in its Olympics contract last year, warned of poor trading in Europe with a squeeze on margins and expects the pressure to continue for the rest of the year. On the bright side, overall revenues were actually up 7.5%, though earnings growth forecasts are pretty certain to be cut now.

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The article FTSE Shares That Soared and Plunged This Week originally appeared on Fool.com and is written by Alan Oscroft.

Alan Oscroft and The Motley Fool have no position in any of the stocks mentioned.

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