Hints and tips:
...In May, Xi proposed a four-point plan aimed at working towards peace between Israel and the Palestinian Authority....
...G4S, the security company, was also forced to reassure US state pension funds that its decision to sell its Israel business in 2016 was made on “strategy and commercial grounds”, rather than because of pressure...
...In October G4S said California-based Allied Universal Security Services had made a tentative, friendly 210p-per-share approach — though, when G4S responded quickly that this was too low, Allied’s executives...
...Group revenues fell 4 per cent to £7.5bn as a result of the disposal of a business running controversial youth detention centres in the US, as well as divisions in Israel and Hungary....
...“G4S routinely keeps the Foreign Office informed of its business operations in Israel,” she said....
...The company also said that senior management would remain with G4S Israel after the deal’s completion. G4S announced it was exiting Israel in March, as it reported a plunge in profits....
...Other groups, including, Britain’s G4S and France’s Veolia and Orange, did exit part or all of their Israeli businesses after coming under pressure from BDS activists because of their investments in Israel...
...G4S has stated clearly that it does not support the anti-Israel boycott by BDS or any other group. The company says the decision to sell G4S Israel was one taken on purely commercial grounds....
...The NEC voted last year to boycott G4S on account of the company’s work in Israel and the occupied Palestinian territories, but has been unable to find another provider that is not engaged in a dispute with...
...G4S, the world’s biggest security company, said it would pull out of controversial work in Israel and US youth-justice centres as part of a wider programme of asset sales designed to shore up its balance...
...Cue more sales of businesses, in Israel, the US and the UK. Once completed, the sales should layer on another £250m of cash to pay down liabilities....
...The problems follow a decision to boycott the previous provider G4S, on account of its work in Israel and Palestinian territories....
...are in Israel....
...● Related Short View column: Signs of life behind the rouble G4S exits Israel as profits plunge and blunders build G4S is the biggest security company in the world but it still sets alarm bells ringing...
...Companies including security contractor G4S, machinery manufacturer JCB and SodaStream, maker of devices to create homemade carbonated drinks, have all been targeted by campaigners....
...“That said, it should be stressed that the UK NCP rejected the LPHR’s key request and did not call upon G4S to withdraw its investments from Israel.”...
...The building is a regular site for demonstrations by pro-Palestinian protesters targeting G4S, which has offices in the building. The company provides services to some prisons in Israel....
...G4S employs 8,000 people in Israel, supplying 50,000 customers – including 35,000 private individuals....
...G4S supplies and services screening and security equipment to military checkpoints, prisons and detention centres in the West Bank and Israel....
...Last month the influential Bill and Melinda Gates Foundation sold some of its shares in G4S, although it declined to comment on whether this was related to the company’s activities in Israel....
...A handful of multinational companies, including Vitens, the Dutch water company, and British security group G4S, have recently cancelled contracts involving settlements after coming under pressure from campaigners...
...These include Veolia, the French environmental and infrastructure group, and G4S, the UK security group, which provides screening equipment for military checkpoints and manages security systems at the Ofer...
...Ashley Almanza, the new chief executive, faced a barrage of tough questions over the security company’s business in Israel as well as its contracts in the UK at his first meeting with shareholders last week...
...Kean Marden, analyst at Jefferies, the US investment bank, said in a note: “G4S Israel may be next to be divested? The Israel/Palestine conflict has created reputational issues....
...● Another company that has said goodbye to its chief executive is G4S....
International Edition