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United Kingdom

Mitie Group PLC (MTO.L)

MTO.L on London Stock Exchange

133.10GBp
24 May 2019
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Latest Key Developments (Source: Significant Developments)

UK's Unite Announces 10 Days Of Action At Sellafield
Wednesday, 8 May 2019 

May 8 (Reuters) - Mitie Group PLC ::UK'S UNITE- ANNOUNCES FURTHER 10 DAYS OF ACTION BEGINNING ON MAY 19 AT SELLAFIELD, WHERE OUTSOURCER MITIE PROVIDES ITS SERVICES.  Full Article

Rentokil Initial To Review CMA's Phase I Decision On Mitie Pest Control Deal In Detail
Friday, 12 Apr 2019 

April 12 (Reuters) - Rentokil Initial : :RENTOKIL INITIAL SAYS WILL NOW REVIEW CMA'S PHASE I DECISION ON MITIE PEST CONTROL DEAL IN DETAIL AND CONSIDER NEXT STEPS.  Full Article

PTSG Wins Mitie Contract To Deliver Multiple Specialist Services
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Mitie Group PLC ::PREMIER TECHNICAL SERVICES - WON A NEW FIVE-YEAR CONTRACT WITH MITIE TO PROVIDE A WIDE RANGE OF SPECIALIST SERVICES AT SITES ACROSS SCOTLAND.  Full Article

Mitie Sees Higher 2018 Oper Profit, Revenue
Thursday, 28 Mar 2019 

March 28 (Reuters) - Mitie Group PLC ::FULL-YEAR 18/19 PRE-CLOSE STATEMENT.REVENUE GROWTH FOR FY 18/19 EXPECTED TO BE 7-8% WITH UNDERLYING REVENUE GROWTH (EXCLUDING VSG ACQUISITION) OF C.4%.PROJECT HELIX ON TRACK TO DELIVER RUN-RATE BENEFITS OF C.£45M IN FY 18/19 AND C.£50M BY END OF FY 19/20.OPERATING PROFIT BEFORE OTHER ITEMS IS EXPECTED TO BE IN RANGE £84-87M FOR FY 18/19.MITIE- NET DEBT CONTINUES TO REDUCE (£160-180M).PROJECT HELIX IS NOW LARGELY COMPLETE AND CO WILL BE TURNING FOCUS TO IT PLATFORM UNDERPINNING ENGINEERING SERVICES BUSINESS.FY PROFESSIONAL SERVICES REVENUE IS EXPECTED TO BE SLIGHTLY DOWN FOLLOWING WITHDRAWAL FROM LOW MARGIN INTERNATIONAL CONTRACTS.COMMITTED ORDER BOOK HAS HELD BROADLY FLAT IN H2; BUT IS EXPECTED TO HAVE DECLINED BY C.10% OVER FULL YEAR.SAYS BACKDROP OF UNDOUBTED CHALLENGES FOR OUTSOURCING SECTOR, AND SOME SHORT-TERM ECONOMIC UNCERTAINTY IMPACTING CLIENTS' CAPITAL PROGRAMMES.AVERAGE DAILY NET DEBT IN H2 18/19 IS EXPECTED TO BE £20-25M LOWER THAN IN H1 18/19 (H1 18/19: £317.4M).PERIOD-END NET DEBT IS EXPECTED TO BE IN RANGE OF £160-180M (H1 18/19: £186.7M)..EXPECT TO CONTINUE TO OPERATE COMFORTABLY WITHIN BANKING COVENANTS.MITIE- SHORT-TERM ECONOMIC UNCERTAINTY IMPACTING CLIENTS' WILLINGNESS TO ENTER INTO LONGER TERM INTEGRATED CONTRACT COMMITMENTS.STILL EXPECT TO ACHIEVE MARGIN TARGET OF 4.5-5.5% OVER MEDIUM TERM.FOR FY 19/20 WE EXPECT OPERATING PROFIT TO SHOW MODERATE GROWTH.  Full Article

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

UK's CMA says it may accept Rentokil's proposals on Mitie deal

Britain's competition watchdog said on Tuesday it may greenlight Rentokil Initial Plc's proposals addressing concerns on the company's already completed takeover of Mitie Group Plc's pest control arm.