|Bid||132.80 x 216100|
|Ask||132.90 x 125200|
|Day's Range||129.20 - 136.60|
|52 Week Range||105.80 - 211.00|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (3.05%)|
|1y Target Est||N/A|
The Competition and Markets Authority (CMA), which had raised questions over pricing and choices available to customers after Rentokil's deal, said it had received proposals related to the acquisition of MPCL Ltd from Rentokil on April 23. Mitie had sold the business to Rentokil for 40 million pounds last year, and Rentokil had until April 23 to send its proposals to the CMA. Rentokil did not immediately respond to a request for comment.
We think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly. For example, after five long years the Mitie Group plc (LON:MTO) share price is a whole 62% lower. That...
In an unusual move by the Competition and Markets Authority (CMA) after a merger has been completed, the agency gave Rentokil a deadline of April 23 to make proposals to address its concerns or face an in-depth investigation. "Having considered a wide range of evidence, it (CMA) has found there could be a substantial reduction in competition, which may lead to higher prices or reduced quality for customers," the said in a statement. "While we are pleased that the UK Competition and Markets Authority has found no substantial lessening of competition in the local and regional customer sectors, we will now review the decision in detail and consider our next steps," a spokesman for Rentokil said in an email.
The FTSE 100, which earns more than two-thirds of its earnings in U.S. dollars, added 0.6 percent on its best day in a week - and the FTSE 250 was up 0.1 percent. Sterling lost more than a percent as May failed to sway hardline opponents of her European Union divorce deal with an offer to quit, while none of eight indicative options to break the Brexit deadlock won majority support in parliament. Tobacco giant Imperial Brands advanced 2.3 percent and British American Tobacco climbed 2 percent as brokerage Citi hiked rating on both stocks to "Buy" saying regulatory threat will probably move away from cigarettes.
The weakness in Mitie's order book comes amid heightened uncertainty over Brexit and at a time when Britain's outsourcing sector has its back against the wall, with the high-profile demise of Carillion increasing scrutiny of the sector. Chief Executive Officer Phil Bentley flagged a backdrop of "undoubted" challenges and said short-term economic worries were impacting clients' capital programmes and willingness to enter into longer term contracts. "(In 2017) we had a couple of big orders around government contracts.
(Reuters) - Mitie Group Plc is not on the verge of launching a takeover bid for the biggest division of rival Interserve, Chief Executive Officer Phil Bentley said on Thursday, while saying the company ...
Britain's government will take measures to identify and reduce risks taken by private firms that provide public services, it will say on Wednesday, in a bid to encourage companies that have become increasingly wary of taking on new government business. Britain, which hires private firms to run parts of its health service, schools, prisons and public transport, has been rethinking how it awards contracts after the collapse of contractor Carillion just over a year ago. "A more considered approach to risk allocation will make us a smarter, more attractive client to do business with," cabinet office minister Oliver Dowden will tell business leaders at the Confederation of British Industry on Wednesday.
(Reuters) - Britain's competition watchdog said on Monday it was considering whether the completed acquisition of British outsourcing firm Mitie Group's pest control business by Rentokil Initial could ...
From Britain's hospitals and schools to its prisons and armed forces, firms supplying essential public services have been asked by the government to outline plans for a no-deal Brexit. "The government has written to some of us asking us 'what are you doing in preparation for a no-deal?' - which is timely, at eight weeks to go," one industry source told Reuters, speaking on condition of anonymity. Private firms including Babcock, Capita, Serco, G4S, Mitie and Compass play a central role in providing Britain's public services, which means they have to procure medicines, toiletries, food, spare parts and labour, much of which come from the EU.
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples Read More...
The British outsourcing market shrank 27 percent to 2.5 billion euros (£2.2 billion) in 2018, weighed down by uncertainty around the nation's decision to leave the European Union, research firm Information Services Group (ISG) said on Friday. In Europe, the Middle East and Africa (EMEA) traditional business services contracted out to the sector, providing work for companies such as Capita, Serco and Mitie, rose 9 percent year-on-year however to 12.9 billion euros in 2018. Within that, traditional services which do not require cloud computing shrank 6 percent but other services which do expanded by almost half to 4.9 billion euros, the research found.
(Reuters) - British outsourcer Mitie Group Plc (MTO.L) said on Wednesday it had got a five-year extension to its 17 million pound contract with Britain's second-busiest airport Gatwick. Mitie — whose clients ...
Mitie, which provides engineering, security and cleaning services to clients including Sainsbury's (SBRY.L), Vodafone (VOD.L) and Rolls-Royce (RR.L), has been investing in technology and employee retention as part of a turnaround strategy. The company has also been looking to divest non-core business and recently agreed to sell its social housing business to Mears Group plc (MERG.L) for 35 million pounds in cash, while it sold its pest control business to Rentokil Initial plc (RTO.L) for 40 million pounds in cash. Operating profit before other items fell to 38.4 million pounds ($49.1 million) for the six months ending Sept. 30, from 40.1 million pounds a year earlier.
I am going to run you through how I calculated the intrinsic value of Mitie Group plc (LON:MTO) by estimating the company’s future cash flows and discounting them to their Read More...