Broker Credit Suisse has claimed that G4S will perform better than previously expected in terms of share price, as the fallout following Brexit continues.

The announcement saw shares surge up to 179p, a rise of 9 per cent, despite the company’s net debt of £1.8bn.

“We expect the balance sheet to de-lever in the coming years, which means the dividend would be covered and there would be no requirement, in our view, to ask the equity market for additional funding,” commented Andy Grobler, analyst at Credit Suisse.

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