G4S withdraws from bidding for Brazil 2014 and Rio 2016 security contracts after London 2012 shambles

By Duncan Mackay at the Main Press Centre on the Olympic Park in London
August 30 – G4S has ruled out bidding for the security contracts at the Rio 2016 Olympics and Paralympics following the fiasco at London 2012, which it confirmed will cost the company £50 million ($78 million/€64 million).