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Share Price Information for Mitie (MTO)

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Share Price: 118.00
Bid: 118.00
Ask: 121.00
Change: -3.20 (-2.64%)
Spread: 3.00 (2.542%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 121.20
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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
25 Jun 2020 08:53

UPDATE 2-Outsourcer Mitie scoops up Interserve facilities business

* Deal to be part funded by 200 mln stg rights issue - CEO* Sales down just 12% in April, May* Shares up around 12.5% in morning trade* Rival Capita shares fall after trading update (Recasts, adds analyst comment, industry context)By Pushkala Aripak...

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25 Jun 2020 08:25

Mitie launches £201m rights issue and buys Interserve business

(Sharecast News) - Mitie Group launched a £201m rights issue as the outsourcing company announced higher annual profit and the £271m acquisition of Interserve's support services business.

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18 Jun 2020 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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28 Apr 2020 10:47

MITIE To Publish Annual Results On June 25, Retains Expectations

MITIE To Publish Annual Results On June 25, Retains Expectations

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28 Apr 2020 10:23

Mitie backs guidance, hails improvement in net debt

(Sharecast News) - Facilities management company Mitie said on Tuesday that full-year operating profit and revenue are set be in line with guidance given earlier in the year as it highlighted an improvement in net debt.

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27 Mar 2020 11:37

No Final Dividend At Mitie As It Looks To Cut Costs Amid Virus Crisis

No Final Dividend At Mitie As It Looks To Cut Costs Amid Virus Crisis

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27 Mar 2020 08:40

UPDATE 1-UK outsourcer Mitie cuts costs, says dividend unlikely

(Adds details on outlook, background, CEO quote)March 27 (Reuters) - Mitie does not expect to pay a dividend this year if overall trading does not improve and has taken steps to cut some costs due to the coronavirus crisis, the British outsourcing...

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25 Mar 2020 09:38

UK BROKER RATINGS SUMMARY: Citi Downgrades easyJet And IAG To Neutral

UK BROKER RATINGS SUMMARY: Citi Downgrades easyJet And IAG To Neutral

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30 Jan 2020 12:22

Mitie FY organic revenue growth seen flat

(Sharecast News) - Mitie said on Thursday that full-year organic revenue growth was expected to be flat as private sector contract wins were offset by "softer" activity in the public sector.

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30 Jan 2020 10:55

MITIE Revenue Grows In First Nine Months But Flat On Organic Basis

MITIE Revenue Grows In First Nine Months But Flat On Organic Basis

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28 Jan 2020 16:05

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

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23 Jan 2020 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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2 Jan 2020 08:46

Mitie Group Appoints Andrew Peeler To Board As Finance Chief

Mitie Group Appoints Andrew Peeler To Board As Finance Chief

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12 Dec 2019 16:11

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

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29 Nov 2019 14:00

Mitie Appoints Former Yodel Boss Andrew Peeler As Finance Head

Mitie Appoints Former Yodel Boss Andrew Peeler As Finance Head

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