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Mitie Group PLC (MTO.L)

MTO.L on London Stock Exchange

156.90GBp
18 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Mitie Group ‍Confirms On Withdrawn From Sale Of Property Management Business​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Dec 5 (Reuters) - MITIE GROUP PLC ::‍CONFIRMS THAT HAS WITHDRAWN FROM SALE ITS PROPERTY MANAGEMENT BUSINESS​.‍BOARD CONSIDERED ALL INDICATIVE OFFERS RECEIVED FOR PROFITABLE BUSINESS, AND CONCLUDED THAT NONE WERE AT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

Mitie sees hope for outsourcers after Carillion collapse

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.