Company
Mitie Group PLC
LON:MTO
MITIE Group PLC is a holding company. The Company, through its subsidiary, is engaged in the provision of services in support of the buildings and infrastructure. It is organized in three divisions: facilities services, property services and engineering services. Facilities services offer integrated facilities management and a range of services including, asset management, energy consultancy, document management, front of house, catering, cleaning, engineering maintenance, landscaping, pest control, security, waste and environmental management. Property services offer roofing, repairs and redecoration, interior fit-out, plumbing and heating, social housing maintenance and refurbishment, and fire protection. Engineering services offer services, including mechanical and electrical, energy generation and management, technology, and infrastructure. In March 2008, it completed the acquisitions of Catering Partnership Holdings Limited and DW Tilley Limited.
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Mitie makes good impression with triple-whammy
The outsourcer's various statements included the £12.4mln acquisition of Custom Solar, which specialises in solar power systems for public and private sector clients
Mitie shares plunge following competition investigation announcement
Shares in Mitie fell more than 10% after investigation over procurement bids at Heathrow and Derwentside immigration removal centres
Mitie positions itself for 5G roll-out with £15mln infrastructure buy
The telecoms industry will roll out a full 5G network over the next 3-5 years
Mitie a ‘buy’ for Peel Hunt after return to organic growth
Trading benefitted from eased restrictions and an increase in revenues from services against COVID-19, such as security and cleaning
MITIE slips as pandemic dents profits
The facilities management firm also said it expected that its variable and project work “will continue to be suppressed” by the continuation of lockdown measures in the UK
Mitie enjoys another quarter of strong growth
Mitie has renegotiated the terms of the acquisition of the facilities management arm of Interserve, substantially reducing the shares element of the consideration
Mitie rises as business more resilient than expected in first quarter
The company said its fixed technical services contracts had held up better than predicted, as well as its cleaning and security services and public sector contracts
Archive
Mitie investigation closed by accountancy regulator after three years
An investigation into accountant Deloitte’s audit of the numbers for that year and the previous year to March 2015 is still ongoing