Security firm G4S has been awarded its first Government contract to continue running a centre for young offenders in Kent.
G4S should be the first outfit on a Government blacklist of high-risk firms that have failed to deliver, MPs have said.
G4S is to donate £2.5 million to the Armed Forces as a "goodwill gesture"
Two of the directors of security firm G4S have resigned over the company's failure to provide enough security guards for the Olympics. David Taylor Smith and Ian Horseman Sewell decided to go after the company completed a review of the fiasco. Chief Executive Nick Buckles has kept his job.
A committee of MPs has said security firm G4S should drop its £57 million fee after it failed to provide enough staff for the Olympics.
The firm has also been told it should compensate people who were expecting to work during the Games but were not given shifts.
Committee chairman Keith Vaz said the company should pay for what he described as its reckless attitude. Neil Connery has the details
G4S, the company in charge of security at the Olympics, must bear the cost of its failure according to a report by a group of MPs.
It blamed "flawed management" and "poor communication" for the shortfall in security guards provided by the company.
The firm behind the Olympics security fiasco admitted today that its loss on the bungled contract will be in the region of £50 million.
G4S is conducting an internal review after its failure to provide all of the 10,400 contracted guards for London 2012 forced the Government to step in with military personnel.
More soldiers have been arriving at Tobacco Dock in East London, their base camp during the Olympics. Extra troops have been drafted in to secure the Olympic Venues after security firm G4S failed to train enough staff. Phil Bayles reports.
Boris Johnson has called for the organisers involved in Olympic security should be allowed to concentrate on the games rather than answer questions about the failings of G4S. He suggested any inquiry should be delayed until September.