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Wednesday, 18 July 2012 - 8:31
London 2012 Security Company regrets taking contract
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The head of Security Company G4S has said he regrets it ever took on the Olympic security contract, as he agreed it had become a "humiliating shambles".

The company may lose £50 million from the £284 million contract because it cannot supply enough security guards.

Chief executive Nick Buckles told MPs that the military and the police would be reimbursed for providing personnel to plug the shortfall.

But he said G4S planned to keep its £57 million management fee.

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