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
George Osborne's fiscal rules leave him little room for error as he tries to balance the books, the Institute for Fiscal Studies says.
Dillon, a happy, healthy eight-year-old from Coventry, has microcephaly. His mother Sarah writes what it's like to deal with the condition.
An industry has grown up around the Fab Four's legacy that supports 2,335 jobs and has potential for further growth.