Edition:
United States

Mitie Group PLC (MTO.L)

MTO.L on London Stock Exchange

145.00GBp
11:52am EDT
Change (% chg)

-0.70 (-0.48%)
Prev Close
145.70
Open
143.70
Day's High
147.10
Day's Low
143.70
Volume
716,305
Avg. Vol
799,619
52-wk High
252.50
52-wk Low
134.30

Latest Key Developments (Source: Significant Developments)

Mitie To Buy Vision Security Group For 14 Mln Stg
Monday, 8 Oct 2018 02:00am EDT 

Oct 8 (Reuters) - Mitie Group PLC ::MITIE TO ACQUIRE VISION SECURITY GROUP.PROPOSED DEAL FOR CONSIDERATION OF £14 MILLION (ON A DEBT FREE, CASH FREE BASIS).DEAL WILL BE FUNDED THROUGH MITIE'S OWN CASH RESOURCES.EXPECTED THAT VSG WILL REPORT MODEST PROFITABILITY FOR FINANCIAL YEAR ENDING 30 SEPTEMBER 2018.  Full Article

Mitie Awarded EXTENSION TO CONTRACT WITH VODAFONE UK
Wednesday, 3 Oct 2018 04:36am EDT 

Oct 3 (Reuters) - Mitie Group PLC ::MITIE AWARDED CONTRACT WITH VODAFONE.AWARDED A TWO-YEAR EXTENSION TO ITS EXISTING FACILITIES MANAGEMENT CONTRACT WITH VODAFONE UK.EXTENSION, WHICH BEGINS ON 1 APRIL 2020, FOLLOWS AN INITIAL SIX-YEAR CONTRACT.  Full Article

Mitie Sees H1 Oper. Profit Flat To Slightly Down; FY Forecast Unchanged
Wednesday, 26 Sep 2018 02:00am EDT 

Sept 26 (Reuters) - Mitie Group PLC ::REVENUE GROWTH IN 1H 18/19 EXPECTED TO BE UP 2-3%.OPERATING PROFIT IN H1 EXPECTED TO BE IN LINE WITH MANAGEMENT'S EXPECTATIONS, FLAT TO SLIGHTLY DOWN ON PRIOR YEAR.PROJECT HELIX PROGRESSING TO PLAN AND EXPECTED TO DELIVER C.£40M OF CUMULATIVE IN-YEAR COST SAVINGS AT PREVIOUSLY GUIDED IN-YEAR COST OF £15M.MANAGEMENT'S FULL-YEAR 18/19 EXPECTATIONS AND COMMITMENT TO "CONNECTED WORKSPACE" REMAIN UNCHANGED..MAINTAINING FY GUIDANCE AS PROJECT WORK VOLUME IS INCREASING, IN-YEAR SALES WINS GROWING, LFL REVENUE GROWTH HAS STRENGTHENED IN Q2.ORDER BOOK FELL SLIGHTLY SINCE FY-END, WITH DELIVERY OF LONG-TERM CONTRACTS BEING COUNTERBALANCED BY CONTRACT WINS, RETENTIONS.EXPECT TO DELIVER MODEST TOP-LINE GROWTH THIS YEAR.REMAIN COMMITTED TO OUR MEDIUM-TERM TARGET OF IMPROVING OPERATING PROFIT MARGINS TO 4.5%-5.5%..EXPECT AVERAGE DAILY NET DEBT AT H1 END TO BE C.£40M HIGHER THAN LAST YEAR'S 1H LEVEL OF £278M.CLOSING NET DEBT AT SEPT 30 EXPECTED TO BE IN RANGE OF £230M TO £250M REFLECTING NORMAL SEASONAL INCREASE FROM MARCH TO SEPTEMBER.  Full Article

Mitie Wins Ahlsell Contract In Norway
Wednesday, 4 Jul 2018 04:37am EDT 

July 4 (Reuters) - Mitie Group PLC ::MITIE GROUP PLC - MITIE WINS AHLSELL CONTRACT IN NORWAY.MITIE GROUP PLC - FIVE-YEAR PROJECT COVERS 47 SITES ACROSS NORWAY.  Full Article

Mitie Says FCA Ends Investigation Into Co's 2016 Profit Warning
Wednesday, 27 Jun 2018 02:00am EDT 

June 27 (Reuters) - Mitie Group PLC ::MITIE GROUP PLC - ON 26 JUNE 2018, FCA ADVISED COMPANY THAT IT WAS DISCONTINUING ITS INVESTIGATION INTO COMPANY.  Full Article

Mitie Awarded A 10-Year Contract With Home Office Worth An Estimated 525 Mln STG
Thursday, 14 Dec 2017 03:57am EST 

Dec 14 (Reuters) - Mitie Group Plc ::MITIE'S CARE & CUSTODY BUSINESS AWARDED A 10-YEAR CONTRACT WITH HOME OFFICE WORTH AN ESTIMATED £525MILLION, THROUGH A COMPETITIVE TENDER PROCESS.  Full Article

Mitie Group ‍Confirms On Withdrawn From Sale Of Property Management Business​
Tuesday, 5 Dec 2017 05:13am EST 

Dec 5 (Reuters) - MITIE GROUP PLC ::‍CONFIRMS THAT HAS WITHDRAWN FROM SALE ITS PROPERTY MANAGEMENT BUSINESS​.‍BOARD CONSIDERED ALL INDICATIVE OFFERS RECEIVED FOR PROFITABLE BUSINESS, AND CONCLUDED THAT NONE WERE AT SUFFICIENT LEVEL WITH WHICH TO PROCEED​.  Full Article

UK's FRC to open investigation in relation to preparation and approval of FY 2016 financial statements for Mitie Group
Monday, 20 Nov 2017 02:00am EST 

Nov 20 (Reuters) - FINANCIAL REPORTING COUNCIL::ANNOUNCEMENTS IN CONNECTION WITH MITIE GROUP PLC'S 2016 ANNUAL REPORT AND ACCOUNTS​.‍DECISION TO OPEN AN INVESTIGATION UNDER ACCOUNTANCY SCHEME IN RELATION TO PREPARATION AND APPROVAL OF FY FINANCIAL STATEMENTS FOR MITIE​.RAISED CERTAIN ISSUES WITH COMPANY FOLLOWING ITS REVIEW OF 2016 ANNUAL REPORT AND ACCOUNTS​.  Full Article

Mitie Group says HY ‍adjusted operating profit up 5.8 pct at 32.6 mln pounds
Monday, 20 Nov 2017 02:00am EST 

Nov 20 (Reuters) - MITIE GROUP PLC ::H1 REVENUE FROM CONTINUING OPERATIONS ROSE 3.9 PERCENT TO 959.7 MILLION STG.INTERIM DIVIDEND 1.33 PENCEPER SHARE​.HY ‍ADJUSTED OPERATING PROFIT UP 5.8% AT £32.6M.‍NET DEBT 3 AT 30 SEPTEMBER 2017 AT £172.6M​.AT SEPT 30, ‍ORDER BOOK AT £5.9BN (FY2017: £5.9BN) FOR CONTINUING OPERATIONS.ON ‍MITIE TRANSFORMATION PROGRAMME - 3 YEAR DELIVERY AND EXECUTION ON TRACK​.‍FRC TODAY CONFIRMS THEIR REVIEW OF MITIE'S ACCOUNTS 2015/16 HAS CONCLUDED, WITH NO FURTHER ACTION​.‍PROPERTY MANAGEMENT BUSINESS HELD FOR SALE - INDICATIVE OFFERS RECEIVED​.FY REVENUE GROWTH IS EXPECTED TO BE IN RANGE OF 3% TO 4% AND MEDIUM-TERM MARGIN EXPECTATION REMAINS UNCHANGED AT 4.5% - 5.5%​.  Full Article

British outsourcing company Mitie appoints ‍Paul Woolf as CFO​
Monday, 13 Nov 2017 05:30am EST 

Nov 13 (Reuters) - Mitie Group Plc :MITIE GROUP PLC - ‍APPOINTMENT OF A NEW GROUP CFO. ​.MITIE - ‍PAUL WOOLF, FORMER CEO OF VIRGIN ACTIVE HEALTH CLUBS, WILL JOIN MITIE TODAY AS GROUP CFO, WILL BE APPOINTED TO BOARD WITH IMMEDIATE EFFECT​.MITIE GROUP PLC - ‍SANDIP MAHAJAN CFO WILL STEP DOWN FROM BOARD AND TAKE UP A NEW ROLE AS GROUP'S CHIEF FINANCIAL TRANSFORMATION OFFICER​.  Full Article

CORRECTED-UPDATE 1-Mitie to sell pest control business as part of restructuring

Oct 1 British outsourcing firm Mitie Group Plc said on Monday it would sell its pest control business to Rentokil Initial Plc for 40 million pounds ($52.1 million) cash, as it looks to focus on its core businesses as part of a restructuring.