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Pin to quick picksMitie Share News (MTO)

Share Price Information for Mitie (MTO)

London Stock Exchange
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Share Price: 124.20
Bid: 123.20
Ask: 123.60
Change: 2.80 (2.31%)
Spread: 0.40 (0.325%)
Open: 123.40
High: 124.20
Low: 121.80
Prev. Close: 121.40
MTO Live PriceLast checked at -

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London stocks fall as Middle East tensions weigh

Mon, 15th Apr 2024 17:25

Superdry falls on restructuring plan

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PageGroup's quarterly profit slumps, shares down

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Ashmore down on worse than expected outflows

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FTSE 100 down 0.5%, FTSE 250 off 0.1%

April 15 (Reuters) - The UK's benchmark FTSE 100 lost ground on Monday hurt by losses in heavyweight energy shares and precious metal miners on growing geopolitical risks due to conflict in the Middle East, while a rise in BAE Systems kept the declines in check.

The resources-heavy FTSE 100 fell 0.5% from nearing its record-high levels hit on Friday. The midcap FTSE 250 index was down 0.1%.

Precious metal miners led sectoral losses, sliding 5.2%, while heavyweight oil and gas shares dipped 1.8%, tracking lower crude prices as market participants dialled back on risk premiums amid Iran's weekend attacks on Israel.

"Geopolitical risks are unusually elevated and are likely to remain so," said Emily Bowersock Hill, CEO and founding partner at Bowersock Capital Partners.

Aerospace and defence stocks advanced 1.0%, led by BAE Systems which rose 1.4% among other global defence stocks on growing tensions in the Middle East.

Markets will now shift their focus to British consumer prices and retail sales data later in the week for more clues on the Bank of England's monetary policy path.

Meanwhile, U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground.

Federal Reserve speakers, including Chair Jerome Powell, will also be on investors' radar on Tuesday.

Shares of Superdry tumbled 5.9% after the struggling British fashion chain said it is in advanced stages of preparing a restructuring plan that is expected to launch in the coming days.

PageGroup dropped 9.1% after the staffing company reported a nearly 13% fall in first-quarter group gross profit, reflecting slow hiring in major markets.

Ashmore lost 3.2% after the fund manager said its assets under management dropped in the first quarter, as choppy markets kept investor appetite for risk assets subdued.

Mitie Group topped the midcap index, climbing 6.6% as the outsourcer announced a share buyback programme. (Reporting by Pranav Kashyap, Khushi Singh and Shubham Batra in Bengaluru; Editing by Mrigank Dhaniwala and Jonathan Oatis)

More News
27 Jul 2021 12:16

UPDATE 2-UK's Mitie confident on outlook as offices reopen

* Q1 revenue excluding Interserve up 36%* Says confident of H2 and FY as UK reopens* Shares up 5% - top of FTSE 250 (Recasts, adds analyst comment, background)By Yadarisa ShabongJuly 27 (Reuters) - British outsourcer Mitie said on Tuesday it was co...

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20 Jul 2021 16:02

UK shareholder meetings calendar - next 7 days

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20 Jul 2021 15:53

UK earnings, trading statements calendar - next 7 days

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BROKER RATINGS: Jefferies says Buy Barratt Developments and Bellway

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28 Jun 2021 07:45

UPDATE 3-Serco, Mitie win contract extensions for UK COVID-19 test centres

* Serco contract could be worth up to 322 mln stg* Mitie deal worth up to 365 mln stg* Contracts run for 12 months with option to extend for 6 more (Adds Mitie deal, background, detail)By Yadarisa ShabongJune 28 (Reuters) - Serco and Mitie have won...

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28 Jun 2021 07:45

UPDATE 2-Serco wins contract extension for UK COVID-19 test centres

* Says contract could be worth up to 322 mln stg* Expected contribution from test centre work unchanged* 12 months contract with option to extend for another 6 (Adds analyst comment, shares, detail, background)By Yadarisa ShabongJune 28 (Reuters) - ...

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22 Jun 2021 11:15

Equiniti hires Mitie's Andrew Peeler to replace John Stier as CFO

Equiniti hires Mitie's Andrew Peeler to replace John Stier as CFO

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17 Jun 2021 09:18

How Group gets GBP70 million as it sells entire Mitie stake

How Group gets GBP70 million as it sells entire Mitie stake

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17 Jun 2021 07:56

How Group sells entire stake in Mitie

(Sharecast News) - Mitie said on Thursday that How Group has sold its entire stake in the outsourcer.

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16 Jun 2021 17:31

IN BRIEF: Shareholder in MITIE to sell up to 7.0% stake via placing

IN BRIEF: Shareholder in MITIE to sell up to 7.0% stake via placing

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16 Jun 2021 09:36

BROKER RATINGS: Citigroup upgrades HSBC to Buy from Neutral

BROKER RATINGS: Citigroup upgrades HSBC to Buy from Neutral

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11 Jun 2021 09:08

Mind Gym sees return to profit by 2023 after swinging to loss

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10 Jun 2021 17:11

LONDON MARKET CLOSE: Stocks mixed as US annual inflation heats up

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10 Jun 2021 12:18

LONDON MARKET MIDDAY: US CPI, ECB in focus; NI row rumbles as G7 meets

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10 Jun 2021 09:51

Mitie swings to loss but remains buoyant about 2022 outlook

Mitie swings to loss but remains buoyant about 2022 outlook

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