MTO.L - Mitie Group plc

LSE - LSE Delayed price. Currency in GBp
195.30
+5.90 (+3.12%)
At close: 5:09PM BST
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Previous close189.40
Open189.70
Bid0.00 x 216100
Ask0.00 x 125200
Day's range189.70 - 199.00
52-week range146.80 - 313.30
Volume727,870
Avg. volume1,441,153
Market cap704.777M
Beta0.68
PE ratio (TTM)N/A
EPS (TTM)-29.00
Earnings date7 Jun 2018
Forward dividend & yield0.05 (2.89%)
Ex-dividend date2017-12-21
1y target est208.70
  • Reuterslast month

    British outsourcer Mitie sees higher costs from turnaround programme

    Mitie also said it expected latest full-year revenue to grow 2-2.5 percent to 2.2 billion pounds. Britain's Financial Reporting Council said on Nov. 20 it had concluded a review of Mitie's annual report and accounts for the financial year ended March 31, 2016. It also said it had launched a separate investigation in relation to the preparation and approval of the financial statements for Mitie for the year ended March 31, 2016.

  • Reuters - UK Focus2 months ago

    BUZZ-Mitie: Barclays double upgrades

    ** Outsourcer Mitie up 5.3 pct; top gainer on FTSE Small Cap index & set for biggest one-day rise since July ** Barclays double upgrades stock to "overweight" from "underweight"; raises ...

  • Reuters2 months ago

    Mitie sees higher turnaround costs, tough year ahead

    Shares in Mitie fell as much as 8.3 percent to 147.9 pence on Friday, hitting their lowest level in nearly 13 years. Mitie, which took its property management unit off the market in December after putting it up for sale, said on a conference call with analysts that the unit had not performed as well as it had hoped. The company raised its estimate for costs related to its turnaround - dubbed Project Helix - to about 35 million pounds for the year to March 31 from a previous estimate of 24 million.

  • Reuters - UK Focus2 months ago

    UK's Mitie sees higher turnaround costs, tough year ahead

    British outsourcing company Mitie Group (Other OTC: MITFF - news) said on Friday it expected annual costs associated with its turnaround programme to be higher than previously estimated and added that the year ahead would remain "challenging". Shares in Mitie fell as much as 8.3 percent to 147.9 pence on Friday, hitting their lowest level in nearly 13 years. Mitie, which took its property management unit off the market in December after putting it up for sale, said on a conference call with analysts that the unit had not performed as well as it had hoped.

  • Takeover bid boosts NEX Group as FTSE 100 slips to weekly loss
    Reuters2 months ago

    Takeover bid boosts NEX Group as FTSE 100 slips to weekly loss

    By Helen Reid LONDON (Reuters) - A takeover offer for NEX Group sent its shares shooting up by almost a third on Friday, while the FTSE 100 registered a weekly decline in spite of a boost from energy and ...

  • Reuters2 months ago

    UK's Mitie sees higher turnaround costs, tough year ahead

    Shares in Mitie fell as much as 8.3 percent to 147.9 pence on Friday, hitting their lowest level in nearly 13 years. Mitie, which took its property management unit off the market in December after putting it up for sale, said on a conference call with analysts that the unit had not performed as well as it had hoped. The company raised its estimate for costs related to its turnaround to about 35 million pounds for the year to March 31 from a previous estimate of 24 million.

  • Reuters - UK Focus2 months ago

    Reuters Business News Schedule at 1330 GMT/9:30 AM ET

    Editor: Edmund Blair +44 207 542 6685 Global Picture Desk: +65 6870 3775 Global Graphics Desk: + 65 6870 3595 Receive this schedule by email: http://mediaexpress.reuters.com TOP STORIES Unexpected euro ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-Six European banks need to raise their game while they can

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach her on Messenger to share your thoughts on market ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-Opening snapshot: Nex Group shoots up in lacklustre market

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach her on Messenger to share your thoughts on market ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-European corporate news headline round-up

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach her on Messenger to share your thoughts on market ...

  • Reuters3 months ago

    Serco's Soames calls for end to 'Wild West' in UK outsourcing

    Britain's Serco (SRP.L) has called for more transparency from the government over the award of public contracts to protect companies after rival Carillion went bust, saying the market should not be a "Wild West". Carillion, which took on large infrastructure projects as well as service contracts, collapsed in January largely because of problems with its public building works. Critics accuse the government of encouraging a risk-taking culture in which companies bid aggressively for contracts with thin margins, leaving little leeway when projects hit predictable delays.

  • Reuters - UK Focus3 months ago

    Serco's Soames calls for end to "Wild West" in UK outsourcing

    Britain's Serco has called for more transparency from the government over the award of public contracts to protect companies after rival Carillion went bust, saying the market should not be a "Wild West". Carillion (Frankfurt: 924047 - news) , which took on large infrastructure projects as well as service contracts, collapsed in January largely because of problems with its public building works. Critics accuse the government of encouraging a risk-taking culture in which companies bid aggressively for contracts with thin margins, leaving little leeway when projects hit predictable delays.

  • Reuters - UK Focus3 months ago

    Britain's Interserve exits power business as part of restructuring

    British contractor Interserve (Frankfurt: 860509 - news) , which is in talks with its bankers to secure funding after issuing two profit warnings last year, has decided to close its power business as part of an operational restructuring of its industrial unit. Outsourcers such as Interserve have been the focus of investor attention since competitor Carillion (Frankfurt: 924047 - news) entered liquidation in January, putting 43,000 jobs at risk. Interserve, which employs about 80,000 people worldwide, is a major player in the outsourcing industry, managing facilities including washrooms and waste management at most of Britain's busiest rail stations and some government departments.

  • Reuters - UK Focus4 months ago

    BUZZ-UK outsourcers tumble again after Capita warning

    ** Shares of British outsourcing companies in the red after Capita Plc's Wednesday profit warning, following on from collapse of Carillion, triggers caution on the whole sector ** Capita falls 13 pct, ...

  • Reuters - UK Focus4 months ago

    BUZZ-VIEW FROM THE BUYSIDE-Babcock: caught in the crossfire

    ** Spate of UK contractor woes partly behind Babcock's steep sell-off, but its position as a defence contractor affords it some protection from issues in sector at large and Lowland Investment Company ...

  • Reuters4 months ago

    Capita shares plunge 40 percent as UK outsourcer cuts forecasts

    British outsourcing group Capita (CPI.L) lost 40 percent of its market value on Wednesday after its new boss slashed profit forecasts and set out plans to raise cash to avoid the same fate as collapsed rival Carillion. Just two weeks after Carillion perished under a pile of debt, Capita, which provides IT services to companies and governments to cut costs, said it needed a complete overhaul and to retrench. Under new Chief Executive Jonathan Lewis who arrived in December, Capita said it would raise around 700 million pounds ($992 million) in a rights issue in 2018, scrap the dividend and sell assets to enable it to boost investment, focus on contract profitability, and plug a hole in its pensions scheme.

  • Reuters - UK Focus4 months ago

    Capita shares plunge 40 pct as UK outsourcer cuts forecasts

    British outsourcing group Capita (Taiwan OTC: T1614Y.TWO - news) lost 40 percent of its market value on Wednesday after its new boss slashed profit forecasts and set out plans to raise cash to avoid the same fate as collapsed rival Carillion (Frankfurt: 924047 - news) . Just two weeks after Carillion perished under a pile of debt, Capita (LSE: CPI.L - news) , which provides IT services to companies and governments to cut costs, said it needed a complete overhaul and to retrench. Under new Chief Executive Jonathan Lewis who arrived in December, Capita said it would raise around 700 million pounds ($992 million) in a rights issue in 2018, scrap the dividend and sell assets to enable it to boost investment, focus on contract profitability, and plug a hole in its pensions scheme.

  • Reuters4 months ago

    UK government does not see Capita heading same way as Carillion - PM's spokesman

    The British government monitors the financial health of all its strategic suppliers and does not believe that any, including Capita (CPI.L), are in a comparable position to Carillion, a spokesman for Prime Minister Theresa May said on Wednesday. "Broadly we monitor the financial health of all our strategic suppliers, including Capita, and we are in regular discussions with them regarding their financial position," the spokesman told reporters, after Capita shares fell sharply on news of a restructuring.

  • Reuters - UK Focus4 months ago

    UK government does not see Capita heading same way as Carillion - PM's spokesman

    The British government monitors the financial health of all its strategic suppliers and does not believe that any, including Capita (LSE: CPI.L - news) , are in a comparable position to Carillion (Frankfurt: 924047 - news) , a spokesman for Prime Minister Theresa May said on Wednesday. "Broadly we monitor the financial health of all our strategic suppliers, including Capita, and we are in regular discussions with them regarding their financial position," the spokesman told reporters, after Capita shares fell sharply on news of a restructuring.

  • Reuters - UK Focus4 months ago

    After Carillion, Interserve shares hit by report that Britain is "worried" about firm

    Shares (Berlin: DI6.BE - news) in British contractor Interserve dropped on Wednesday after a report the government was monitoring the company, exacerbating worries about the sector two days after the collapse of competitor Carillion (Frankfurt: 924047 - news) . Carillion entered liquidation on Monday and many of Britain's outsourcers such as Capita (LSE: CPI.L - news) , Mitie and Interserve have struggled after taking on work at low prices for long-running fixed-rate contracts following the financial crisis.

  • Reuters - UK Focus4 months ago

    UK's Interserve sees higher 2018 profit outlook on lower costs

    British construction and services company Interserve (Frankfurt: 860509 - news) , which issued multiple profit warnings last year, on Wednesday forecast better-than-expected operating profit for 2018, sending its shares up as much as 20 percent. The company, which exited the energy from waste business in 2016 after escalating costs, said it was making good progress with a three-year plan focused on boosting efficiency and improving its company-wide procurement processes. Interserve said it expects to save costs of at least 40 million pounds ($54.09 million) to 50 million pounds by 2020 from its efforts, with 2018 estimated to be 15 million pounds.

  • Reuters - UK Focus5 months ago

    Ex-divs to take 0.5 point off FTSE 100 on Dec 21

    The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...

  • Reuters6 months ago

    British outsourcer Mitie takes property management unit off the market

    (Reuters) - British outsourcing company Mitie Group said it would not sell its property management unit, as it saw "greater shareholder and strategic value in keeping the business". "Mitie's ...

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