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CMA imposes Nov. 24 deadline on Mitie/Interserve phase 1 decision
Competition watchdog reviewing Mitie, Interserve deal
Mitie Group Reports 11% Drop In Q1 Revenue From Continuing Operations
Mitie Group plc is a United Kingdom-based provider of facilities management services. Its segments include Engineering Services, Security, Cleaning and Environmental services, Public Services, Catering, and Professional Services and Connected Workspace and Care and Custody. Through its operating segments, the Company provides a range of services and products for landscaping, gritting, security personnel, fire and security systems, remote monitoring, workplace and outdoor catering, building maintenance, and heating and ventilation. The Company also provides other public services that include property management, roofing and refurbishment services, and custody support services. The Company operates through its subsidiaries and provides its services through customized service contracts, such as single, bundled, integrated and connected. The Professional Services and Connected Workspace segment provides consultancy services related to the joined-up proposition of services among others.
Level 12, The Shard, 32 London Bridge St
Non-Executive Independent Chairman of the Board
Chief Executive Officer, Executive Director
Group Chief Financial Officer, Executive Director
Chief of Staff, General Counsel & Company Secretary
Nivedita Krishnamurthy Bhagat
Non-Executive Independent Director
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Britain's competition regulator is investigating whether a deal between outsourcing firms Mitie Group <MTO.L> and Interserve for the latter's facilities business could reduce competition in the sector.
Britain's competition watchdog said on Tuesday it was investigating whether outsourcer Mitie Group's deal to buy rival Interserve's support services arm could lead to lessening of competition in the UK.
British outsourcer Mitie <MTO.L> reported an 11% drop in revenue in its fiscal first-quarter on Tuesday while saying its performance had improved slightly in June as it fought coronavirus-induced weakness in some businesses.
British outsourcer Mitie Group on Tuesday reported an 11% fall in revenue in the first quarter, hit by the loss of a major contract and coronavirus-induced weakness in the engineering sector.
Mitie Group <MTO.L> is to buy rival outsourcing company Interserve's support services arm for 271 million pounds in cash and shares, flexing its financial muscle to scale-up in Britain's contract-services industry.
Mitie Group said on Thursday it would buy rival Interserve's facilities management arm for 271 million pounds ($336.64 million), using its financial muscle to gain scale in Britain's huge outsourcing industry at a time when others are struggling with the coronavirus fallout.
Mitie Group Plc is in advanced discussions to buy Interserve's facilities management arm for more than 250 million pounds, Sky News reported on Wednesday.
Mitie <MTO.L> does not expect to pay a dividend this year if overall trading does not improve and has taken steps to cut some costs due to the coronavirus crisis, the British outsourcing firm said on Friday, while saying much of its business was still operating.
Mitie does not expect to pay a dividend this year if overall trading does not improve and is seeking to cut some costs, the UK outsourcing group said on Friday.
British outsourcing firm Mitie Group Plc <MTO.L> said on Thursday it expects annual organic revenue growth to be flat as public sector activity slowed and it reduced spending on its largest division.
British outsourcing firm Mitie Group Plc said on Thursday it expects annual organic revenue growth to be flat, as public sector activity slowed and it reduced spending on its largest division.
British outsourcer Mitie Group Plc <MTO.L> said on Friday it has appointed logistics company Yodel's former boss Andrew Peeler as its interim chief financial officer to succeed Paul Woolf, who is leaving next year.
British outsourcer Mitie Group Plc said on Friday it has appointed logistics company Yodel's former boss Andrew Peeler as its interim chief financial officer to succeed Paul Woolf, who is leaving next year.
British outsourcer Mitie Group Plc <MTO.L> said on Thursday that revenue growth would be affected by economic uncertainty induced by Brexit and upcoming elections as clients hold back on committing to new projects.
British outsourcer Mitie Group Plc reported a rise in first-half profit on Thursday, but warned that Brexit and the upcoming election could reduce capital commitments by its clients and change their approach to outsourcing decisions.
British outsourcing firm Mitie Group Plc <MTO.L> said on Wednesday Chief Financial Officer Paul Woolf had resigned to join intellectual property management company CPA Global as its finance boss.
British outsourcing firm Mitie Group Plc said on Wednesday Chief Financial Officer Paul Woolf had resigned to join intellectual property management company CPA Global as its finance boss.
British outsourcer Mitie Group Plc <MTO.L> said on Monday it had agreed to sell its catering and hospitality business to CH&CO for up to 85 million pounds in cash, as it pushes ahead with moves to simplify its operations.
British outsourcer Mitie Group Plc said on Monday it had agreed to sell its catering and hospitality business to CH&CO for up to 85 million pounds ($103.39 million) in cash, as part of its focus on simplifying its operations.
British outsourcer Mitie <MTO.L> reported a 14% rise in first-quarter revenue on Tuesday, boosted by new contracts and a recent acquisition in its security business, but said higher-than-planned costs weighed on profits.
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