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Mitie Share News (MTO)

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Share News for Mitie (MTO)


Share Price: 116.30Bid: 116.30Ask: 116.60Change: 2.20 (+1.93%)Riser - Mitie Grp.
Spread: 0.30Spread as %: 0.26%Open: 109.70High: 118.10Low: 108.60Yesterday’s Close: 114.10




Mitie Group buys Robert Prettie & Co for 8.6-32.7 mln stg plus debt

Mon, 2nd Apr 2007 16:26

LONDON (AFX) - Mitie Group PLC said it has bought specialist plumbing firm
Robert Prettie & Co Ltd via its holding firm Jabez Holdings Ltd for an initial amount of 8.6 mln stg.

There will be further potential deferred payments in cash and loan notes up to 23.3 mln stg, based on the company's performance over the next three years. This gives a maximum total payment of 32.7 mln stg, Mitie said in a statement.

The support services company said the initial payment will be 7 mln stg cash plus 1.6 mln of loan notes. In addition, 0.8 mln will be retained against potential warranty claims and Mitie has assumed debt of 3.7 mln stg.

Jabez Holdings Ltd reported a pretax profit of 2.8 mln stg on consolidated revenue of 34.3 mln stg for the year to end March 2006, said Mitie.

Its consolidated gross assets at that date were 14.2 mln stg, of which 9.1 mln stg was goodwill, it added.

newsdesk@afxnews.com

kkb/ro

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UPDATE 1-Mitie first-half profit falls 4.2 pct

(Adds details on turnaround, outlook, Brexit)Nov 22 (Reuters) - British outsourcing group Mitie Group plc posted a 4.2 percent drop in adjusted operat
[22 Nov '18 07:41]

Mitie first-half profit falls 4.2 pct

Nov 22 (Reuters) - British outsourcing group Mitie Group plc posted a 4.2 percent drop in adjusted operating profit for the first half of the year on
[22 Nov '18 07:13]

LIVE MARKETS-On the radar: M&A and IPOs and no Nafta exuberance

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus.
[1 Oct '18 07:53]

CORRECTED-UPDATE 1-Mitie to sell pest control business as part of restructuring

(Corrects Oct. 1 story to remove reference in second paragraph to Brexit uncertainty, which the company has said was a view held by its previous, not
[1 Oct '18 07:48]

UPDATE 2-Surprise profit boost lifts shares in UK's Serco

* Sees FY profit at 90-95 mln stg vs 80 mln previously* Helped by improved trading, cost control, one-offs* Shares jump as much as 15 percent (Adds co
[28 Sep '18 07:49]

UPDATE 2-Mitie shares fall on forecast of muted profit, higher debt

* Mitie investing in technology to boost revenue* Sees net debt of 230-250 mln pounds at Sept. 30* Restructuring programme on track; maintains FY targ
[26 Sep '18 07:59]

UK's Mitie sees flat to slightly lower first-half profit

Sept 26 (Reuters) - Britain's Mitie said it expected operating profit for the first half of the year to be flat to slightly down which would be in-lin
[26 Sep '18 07:16]

Carillion collapse exposed flaws in UK government policy - lawmakers

LONDON, July 9 (Reuters) - The collapse of Carillion exposed the risks of using private companies to cut the cost of delivering public services and it
[9 Jul '18 13:32]



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