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Mitie Group PLC (MTO.L)

MTO.L on London Stock Exchange

149.70GBp
22 Mar 2019
Change (% chg)

-3.30 (-2.16%)
Prev Close
153.00
Open
151.70
Day's High
152.00
Day's Low
146.40
Volume
186,985
Avg. Vol
598,459
52-wk High
211.02
52-wk Low
105.80

Latest Key Developments (Source: Significant Developments)

Aggregate Of Standard Life Aberdeen Raises Stake To 14.04 Pct From 13.14 Pct In Mitie Group
Thursday, 14 Mar 2019 

March 14 (Reuters) - Mitie Group PLC ::AGGREGATE OF STANDARD LIFE ABERDEEN PLC AFFILIATED INVESTMENT MANAGEMENT ENTITIES RAISES STAKE TO 14.04 PERCENT FROM 13.14 PERCENT IN MITIE GROUP PLC- FILING.  Full Article

UK's CMA Considering If Rentokil-Mitie Pest Control Deal Resulted In Lessening Of Competition In Market
Monday, 18 Feb 2019 

Feb 18 (Reuters) - UK's CMA::CONSIDERING IF IT IS OR MAY BE CASE THAT RENTOKIL-MITIE PEST CONTROL TRANSACTION HAS RESULTED IN CREATION OF A RELEVANT MERGER SITUATION.CONSIDERING IF RENTOKIL-MITIE PEST CONTROL DEAL RESULTED IN A SUBSTANTIAL LESSENING OF COMPETITION WITHIN ANY MARKET OR MARKETS IN UK.  Full Article

Aggreagate Of Standard Life Aberdeen Raises Stake In Mitie To 12.11 Pct
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Mitie Group PLC ::AGGREAGATE OF STANDARD LIFE ABERDEEN RAISES STAKE IN MITIE GROUP PLC TO 12.11 PERCENT FROM 11.02 PERCENT- FILING.  Full Article

Mitie Gets 5-Yr Extension To Contract With London Gatwick Airport
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Mitie Group PLC ::EXPANDED ITS RELATIONSHIP WITH LONDON GATWICK BY WINNING A FIVE-YEAR EXTENSION TO ITS CONTRACT WORTH £17M.CO WILL NOW MAINTAIN RELATIONSHIP WITH LONDON GATWICK AIRPORT UNTIL AT LEAST LATE 2023.CONTRACT, TO PROVIDE CRITICAL SUPPORT SERVICES, INCLUDING ELECTRICAL ENGINEERING, WILL COVER NORTH AND SOUTH TERMINALS AND BUILDINGS.  Full Article

Mitie Group HY Adj Oper Profit From Cont Ops Down £1.7M TO £38.4M
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Mitie Group PLC ::MITIE GROUP PLC - HALF-YEAR REPORT.MITIE GROUP PLC - HY REVENUE FROM CONTINUING OPERATIONS UP 4.0% TO £1,040.9M .MITIE GROUP PLC - HY OPERATING PROFIT FROM CONTINUING OPERATIONS UP 1.1% TO £26.5M .MITIE GROUP PLC - HY OPERATING PROFIT FROM CONTINUING OPERATIONS BEFORE OTHER ITEMS DOWN £1.7M TO £38.4M.MITIE GROUP PLC - PROJECT HELIX COST SAVINGS AND COST OF CHANGE PROGRESSING AS PLANNED.MITIE GROUP PLC - MANAGEMENT'S EXPECTATIONS FOR FULL-YEAR PERFORMANCE, ADJUSTED FOR RECENT TRANSACTIONS, IN LINE WITH GUIDANCE.MITIE GROUP PLC - SECURED ORDER BOOK DECLINED BY £255M TO £3.9BN BUT SIGNIFICANT INCREASE IN PIPELINE.MITIE GROUP PLC - INTERIM DIVIDEND MAINTAINED AT 1.33P, IN LINE WITH POLICY.MITIE - WORKING WITH KEY SUPPLIERS TO ENSURE CONTINUED AVAILABILITY OF SUPPLY SHOULD ANY IMPORT DISRUPTIONS IMPACT FINISHED PRODUCTS OR RAW MATERIALS.MITIE GROUP PLC - FOR A SMALL NUMBER OF CRITICAL ITEMS GROUP IS ASSESSING NEED FOR INCREASED SHORT-TERM STOCKHOLDING.MITIE GROUP PLC - ASSESSING NEED FOR INCREASED SHORT-TERM STOCKHOLDING FOR SOME ITEMS, IMPACT NOT EXPECTED TO BE MATERIAL TO GROUP'S REPORTED RESULTS.MITIE GROUP PLC - PUTTING MEASURES IN PLACE TO ATTRACT TALENT FROM ALTERNATIVE LABOUR POOLS.MITIE GROUP PLC - IMPROVED ITS RECRUITMENT TOOLS AND PROCESSES TO PROVIDE ACCESS TO A BROADER NUMBER OF RECRUITERS AND THEREFORE A WIDER LABOUR POOL.MITIE GROUP PLC - ALSO INCREASING ITS INVESTMENT IN APPRENTICESHIPS.  Full Article

Mears Group Buys Assets From Mitie's Property Management Division
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Mears Group PLC ::PROPOSED PLACING AND ACQUISITION.ACQUISITION OF MAINTENANCE SERVICES BUSINESS FROM MITIE; PROPOSED PLACING TO RAISE APPROXIMATELY £22.5 MILLION.PROCEEDS OF PLACING WILL BE USED TO FUND INITIAL CASH CONSIDERATION FOR DEAL WITH MITIE.MITIE HOUSING EXPECTED TO INCREASE MEARS' CONTINUING ANNUAL REVENUE BY AT LEAST £100 MILLION AND GROUP ORDER BOOK BY CIRCA £200 MILLION.ACQUISITION IS EXPECTED TO BE EARNINGS ACCRETIVE IN 2019 AND MID TERM WITH SCOPE TO OUTPERFORM.PROPOSED PLACING OF 6.8 MILLION NEW ORDINARY SHARES OF 1 PENNY EACH IN CO AT A PRICE OF 331.5P/PLACING SHARE.  Full Article

Mitie To Sell Social Housing Business To Mears For Up To 35 Mln Pounds
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Mitie Group PLC ::SALE OF MITIE'S SOCIAL HOUSING BUSINESS.DEAL FOR A CONSIDERATION OF UP TO £35 MILLION.CONSIDERATION COMPRISES AN INITIAL PAYMENT OF £22.5 MILLION, PAYABLE IN CASH AT COMPLETION.DEAL WILL BE STRUCTURED AS A SALE OF ENTIRE ISSUED SHARE CAPITALS OF MITIE PROPERTY MANAGEMENT LIMITED & MPS HOUSING LIMITED.TO SELL ITS SOCIAL HOUSING BUSINESS TO MEARS GROUP PLC.  Full Article

Mitie To Buy Vision Security Group For 14 Mln Stg
Monday, 8 Oct 2018 

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 

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 

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

BUZZ-Babcock International: dented by Brexit restructuring costs

** Shares of British defence contractor down 5 pct - top loser on the Midcap index