The termination of G4S's contract to run the Wolds prison is another blow to the firm, following its failure to provide enough staff for the London Olympics:
- The Wolds is a category C training prison in east Yorkshire
- Holds up to 395 men
- Run by G4S since it opened in 1992
- Said to have "clear weaknesses" in HM Inspectorate of Prisons report in August
- Will return to the public sector at the end of the current contract in July 2013
- G4S shares were down 5% after the announcement
- G4S also failed in bids to land three other prison contracts
- However, the security firm still runs five other UK prisons
More top news
Tony Blair has said Leave campaigners are focusing on immigration "because they've lost comprehensively the debate on the economy".
NBA player Bryce Dejean-Jones has been shot dead after breaking into an apartment he believed to be his girlfriend's, according to police.
Nineteen people have been rescued from the English Channel after the inflatable boat they were in started taking on water.