Mitie Group PLC (MTO.L)
* MITIE’S PROPERTY MANAGEMENT BUSINESS HAS BEEN AWARDED A NUMBER OF SOCIAL HOUSING CONTRACTS IN SCOTLAND
* STANDARD LIFE ABERDEEN PLC AFFILIATED INVESTMENT MANAGEMENT PORTFOLIO RAISES STAKE IN MITIE TO 8.08 PERCENT FROM 6.24 PERCENT STAKE EARLIER - FILING Further company coverage:
British outsourcing company Mitie Group may cut up to 480 jobs as it overhauls its cleaning and engineering divisions, and said the cost of its turnaround would be higher than expected.
* Shares pare early losses (Adds Unite statement, analyst comment, updates shares)
Sept 20 British outsourcing company Mitie Group said it may cut up to 480 jobs after restructuring its cleaning and engineering divisions as it continues with its turnaround drive.
Britain's financial watchdog has launched an investigation into Mitie over its 2015-16 results and the timing of a September 2016 profit warning, adding to problems at the outsourcing company as it tries to revive its fortunes.
* Firm has restated accounts, cut costs under new CEO (Adds analyst, source comments, details, background)
Aug 29 Britain's FTSE 100 index is seen opening down 35 points on Tuesday, according to financial bookmakers, with futures down 0.71 percent ahead of the cash market open.
Aug 29 Britain's financial watchdog is investigating outsourcing company Mitie Group over the "timeliness" of a profit warning last September and the preparation and content of its financial information, the company said on Tuesday.
* UK service companies facing margin pressure (Adds background, context, shares)
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