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Mitie Group PLC (MTO.L)

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Thu, Jun 7 2018

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.

UPDATE 2-UK's Mitie sees hope for outsourcers after Carillion collapse

June 7 British 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.

UK outsourcer Mitie sees modest sales growth; restructuring on track

June 7 British outsourcing provider Mitie said it expected "modest" revenue growth for its current financial year and remained committed to improving its profitability 4.5 percent to 5.5 percent in the medium term.

British outsourcer Mitie sees higher costs from turnaround programme

(This March 16 story corrects third paragraph to show it is the preparation and approval of 2016 financial statements that are being investigated, not the statements themselves or the company)

CORRECTED-British outsourcer Mitie sees higher costs from turnaround programme (March 16)

March 16 British outsourcing company Mitie Group said on Friday it expected annual costs associated with its turnaround programme to be higher than its previous estimates.

UPDATE 4-UK's Mitie sees higher turnaround costs, tough year ahead

* Shares touch multi-year lows (Adds new estimates on savings, details on profit warnings, updates dateline)

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