Group 4 Securicor unlocks more savings

Security firm Group 4 Securicor today said cost savings from its ground-breaking merger would beat initial estimates, but warned of tough trading in the UK.

The group – formed out of the tie-up of Securicor and Danish rival Group 4 Falck last July – said it now expected annual savings of £35m (€52m) against the £30m (€44.5m) previously thought, and said the integration had been completed “significantly” ahead of schedule.