Mitie Group PLC (MTO.L)
28 Jun 2017
* Final dividend axed but shares gain on outlook (Adds CEO and analyst comments, details, background, share movement)
June 12 British outsourcing company Mitie swung to a full-year operating loss on Monday after it restated its accounts following a review prompted by a string of profit warnings last year.
* New CEO overhauled management team (Adds CEO, analyst comments, updates share movement)
May 3 Britain's Mitie said on Wednesday it expected to writedown 40 million to 50 million pounds ($52 million to $64 million) and might restate its accounts for the year to March 2016 after an accounting review.
Britain's Mitie has struck a deal to sell its home healthcare business to specialist investor Apposite Capital for a nominal 2 pounds and is taking another writedown on the value of the loss-making business.
March 1 Britain's Mitie has struck a deal to sell its home healthcare business to specialist investor Apposite Capital for a nominal 2 pounds and is taking another writedown on the value of the loss-making business.
March 1 Britain's Mitie has agreed to sell its loss-making home healthcare business to specialist healthcare investor Apposite Capital for 2 pounds and will take a larger charge in full-year results to writedown the value of the business, it said on Wednesday.
* Mitie hires Sandip Mahajan as CFO, was at Balfour Beatty (Adds CEO and analyst comments, details, updates share move)
Jan 18 British outsourcing firm Mitie announced a change of finance chief on Wednesday as it issued its third profit warning since September, saying business continued to be affected by customers delaying placing orders due to uncertainty following the Brexit vote.
* Property management and technical fm divisions have been impacted by client deferrals and investment plan delays