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Investors piled into G4S after the security giant said profits would trump expectations and unveiled a shake-up that could see it axe 1,150 jobs.<br>First-half profits will be far higher than the £159million outsiders have forecast, G4S said, despite previously flagging revenues which fell slightly between January and May.<br>A [http://www.foxnews.com/search-results/search?q=short%20update short update] to the stock market on the profit outlook sent its shares rising in early trading.<br>       Rosy outlook: Security giant G4S said first-half profits will be far higher than the £159m outsiders have forecast<br>And they stayed high after it later emerged the company is planning to make sweeping changes to its UK cash handling business, which fills up ATMs and transports money from small businesses.<br>   RELATED ARTICLES  [# Previous] [# 1] [# Next]     [/money/markets/article-8517279/G4S-shares-surge-security-firm-raises-outlook.html  'Another worrying step towards a cashless society': G4S to...] [/money/markets/article-8518767/Barclays-boss-Roger-Big-Dog-Jenkins-leaves-50m-payoff.html  Barclay's dealmaker Roger 'Big Dog' Jenkins leaves with a...] [/money/markets/article-8518563/Now-Boohoo-rival-Quiz-hut-claims-supplier-paid-staff-3-hour.html  Sweatshop scandal hits Boohoo rival: Quiz launches probe...] [/money/markets/article-8518489/Nanotechnology-firm-seals-funds-sue-Samsung.html  Nanotechnology firm seals funds to sue Samsung claiming the...]     Share this article Share   It could cut up to 1,150 roles in the division - or just under a third of its more than 4,000 employees.<br>People were already switching from paying for things in cash to electronic card and phone payments.<br><br>But the pandemic has sped this up. <br>Staff across the business,  [https://minhviettrans.com/dich-vu-thue-xe/ thuê xe ô tô tự lái hà nội] from couriers to administrators, will be affected by the cuts, which the GMB union said marked 'another worrying step towards a cashless society'.<br><div class="art-ins mol-factbox floatRHS money" data-version="2" id="mol-db345ba0-c53d-11ea-bc0e-d7a998f86348" website REPORT: G4S soars after shake-up plans puts jobs in peril