A variety of results have been announced. According to HSBC’s emerging markets index, firms across the whole BRIC region suffered a drop in business activity. That said Chinese firms now take 5 out of the top 10 places of the world’s biggest public firms. The other 5 slots go to American companies, with European companies sliding out of the top 10 list this year.

G4S’ results showed a return to growth (4.8% up in Q1) – thanks to stability in developed markets and moreso growth in emerging markets (16% up). Serco by contrast was down.

Cognizant announced bumper results with 35% Q1 revenue growth. Overall revenues now stand at $2.42bn.

G4S profits hit by tagging charge