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Mitie Group PLC (MTO.L)

MTO.L on London Stock Exchange

157.90GBp
19 Jun 2018
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Latest Key Developments (Source: Significant Developments)

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

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Mitie Group ‍Confirms On Withdrawn From Sale Of Property Management Business​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 

Dec 5 (Reuters) - MITIE GROUP PLC ::‍CONFIRMS THAT HAS WITHDRAWN FROM SALE ITS PROPERTY MANAGEMENT BUSINESS​.‍BOARD CONSIDERED ALL INDICATIVE OFFERS RECEIVED FOR PROFITABLE BUSINESS, AND CONCLUDED THAT NONE WERE AT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

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 

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 

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

Mitie makes two new senior appointments​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - MITIE GROUP PLC ::‍HAS MADE TWO NEW SENIOR APPOINTMENTS​.‍MATTHEW THOMPSON JOINS AS MANAGING DIRECTOR OF MITIE'S CLEANING & ENVIRONMENTAL SERVICES BUSINESS​.‍CHRIS COPELAND TAKES UP NEWLY CREATED ROLE OF CHIEF MARKETING & STRATEGY OFFICER.‍COPELAND WILL BE RESPONSIBLE FOR OVERSEEING AND DEVELOPING MITIE'S CORPORATE AND BUSINESS UNIT STRATEGY​.  Full Article

British outsourcing company Mitie wins Scottish contracts worth 50 mln stg
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Mitie Group Plc :MITIE’S PROPERTY MANAGEMENT BUSINESS HAS BEEN AWARDED A NUMBER OF SOCIAL HOUSING CONTRACTS IN SCOTLAND‍​.‍MOST SUBSTANTIAL CONTRACT IS WITH ABERDEENSHIRE COUNCIL, AND COVERS ALL ASPECTS OF SOCIAL HOUSING REPAIRS​.‍A NORTH LANARKSHIRE COUNCIL WIN, VALUED AT £3.1M PER ANNUM, INCLUDES RENEWAL OF 420 KITCHENS AND 550 BATHROOMS​.‍RENEWAL OF A PARTNERSHIP WITH OAK TREE HOUSING ASSOCIATION WILL SEE MITIE DELIVER SECOND PHASE OF KITCHENS AND BATHROOMS TO 300 PROPERTIES​.HAS ADDED PAISLEY-BASED HOUSING ASSOCIATION, WILLIAMSBURGH, AND SANCTUARY SCOTLAND TO ITS LIST OF SOCIAL HOUSING CUSTOMERS.WILLIAMSBURGH IS A FOUR-YEAR CONTRACT WORTH £2.8M​.  Full Article

Mitie says unit gets 3-year custody management contract with Cleveland Police
Wednesday, 19 Jul 2017 

July 19 (Reuters) - Mitie Group Plc ::Co's Care & Custody Health Business has been awarded a three-year custody management contract with Cleveland Police.  Full Article

Mitie lowers full-year profit outlook on Brexit pressures
Monday, 19 Sep 2016 

Mitie Group Plc : In short term we continue to experience effects of significant economic pressures . Mitie has secured some important new contracts in its core facilities management business . However, in short term we continue to experience effects of significant economic pressures . In first half we expect revenue to be modestly lower and operating profit to be very significantly lower . Pressures include lower UK growth rates, changes to labour legislation and further public sector budget constraints, uncertainty both pre and post EU referendum . Operating profit for full year is now expected to be materially below management's previous expectations . Operating profit for full year is now expected to be materially below management's previous expectations . Gross cost savings which we currently estimate to be in region of £15m in second half . Finding that recent economic uncertainty currently driving clients to renew or extend larger contracts with existing suppliers, to defer investment decisions . Our expectation that pressures we are facing in our markets will impact our trading results during this financial year . For full year, we continue to expect group revenues to show a small amount of growth compared to prior year, in line with previous guidance.  Full Article

UPDATE 2-UK's Mitie sees hope for outsourcers after Carillion collapse

June 7 British outsourcing group Mitie said it saw signs the troubled industry may regain a measure of pricing power after the wake-up call provided by rival Carillion's collapse, and said its own restructuring was on track.