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Share Price: 54.18
Bid: 53.00
Ask: 54.74
Change: 0.00 (0.00%)
Spread: 1.74 (3.283%)
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Prev. Close: 54.18
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Mitie in partnership with Lloyds Banking

Thu, 26th Apr 2012 13:37

Outsourcing and energy services company Mitie has agreed a partnership to deliver facilities management services for Lloyds Banking Group. The contract, which has been signed for a five-year term, has a possible one-year extension period, with an expected value of around £155m per annum.Mitie will provide a range of facilities management services across the bank's entire UK branch and office estate. Mitie Chief Executive Ruby McGregor-Smith said: "This partnership will deliver a new style of facilities outsourcing in the UK. It will be one of the biggest private sector facilities management contracts of its type and is a great example of two organisations working collaboratively.The share price of Mitie rose 0.24% to 293p by 13:46. NR
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