Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,527.72
    -1,484.52 (-2.97%)
     

  • CMC Crypto 200

    1,302.78
    -55.23 (-4.07%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

British outsourcer Mitie takes property management unit off the market

Reuters - UK Focus

Dec (Shanghai: 600875.SS - news) 5 (Reuters) - British outsourcing company Mitie Group (Other OTC: MITFF - news) said it would not sell its property management unit, as it saw "greater shareholder and strategic value in keeping the business".

"Mitie's Board considered all indicative offers received for this profitable business, and concluded that none were at a sufficient level with which to proceed," the company said on Tuesday.

The provider of pest control, cleaning, security and healthcare services is restructuring after a string of profit warnings, which it has blamed on rising costs and uncertainty surrounding Britain's planned exit from the European Union.

Britain's Financial Reporting Council is also examining how Mitie's 2015-16 financial statements were prepared and approved. (Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely)