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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: 124.20
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)

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1 Jun 2023 15:51

UK earnings, trading statements calendar - next 7 days

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Sirius Real Estate LtdFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 May 2023 10:01

Mitie buys security services specialist RH Irving Industrials

(Alliance News) - Mitie Group PLC on Tuesday said it has bought security services provider RH Irving Industrials Ltd for GBP19.1 million.

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2 May 2023 07:57

Mitie buys security services specialist RH Irving Industrials for £19.1m

(Sharecast News) - Outsourcer and energy services company Mitie said on Tuesday that it has bought R H Irving Industrials, a specialist in security services, for £19.1m.

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2 May 2023 07:48

LONDON BRIEFING: BP swings to profit; HSBC launches share buyback

(Alliance News) - Stocks in London were expected to edge into the green at Tuesday's market open, ahead of EU inflation data and purchasing managers' index readings.

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18 Apr 2023 16:55

LONDON MARKET CLOSE: Europe up but New York down on mixed bank results

(Alliance News) - Stock prices in Europe perked up on Tuesday, supported by a better-than-expected Chinese gross domestic product reading, while the pound was on the up as red-hot UK wage growth put the Bank of England under the spotlight.

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18 Apr 2023 12:14

LONDON MARKET MIDDAY: Miners lift FTSE 100 even as pound rebounds

(Alliance News) - Stock prices in London were mixed at midday on Tuesday, as markets pondered the implications of a higher-than-expected UK employment rate, while the FTSE 100 benefited from gains by commodity stocks.

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18 Apr 2023 09:16

Mitie Group announces GBP50 million buyback; guides for higher revenue

(Alliance News) - Mitie Group PLC on Tuesday said it expects revenue for the year ended on March 31 to exceed the figure in financial 2022, and announced a share buyback programme.

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18 Apr 2023 09:02

LONDON MARKET OPEN: UK job market falters; miners climb on China data

(Alliance News) - Stock prices in London opened higher on Tuesday, after China saw a stronger-than-expected economic rebound at the start of 2023, while data pointed to a softening in the UK labour market.

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18 Apr 2023 07:17

Mitie FY to beat forecasts, launches £50m share buyback

(Sharecast News) - Outsourcing specialist Mitie said it expected operating profit to beat guidance after replacing all its Covid-related contract revenue, and announced a £50m share buyback.

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14 Feb 2023 07:58

UK CMA competition watchdog closes investigation into Mitie contracts

(Alliance News) - Mitie Group PLC on Tuesday said the UK Competition & Markets Authority has closed its probe into procurement process for services at immigration centres.

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14 Feb 2023 07:03

CMA ends probe into Mitie Home Office contracts

(Sharecast News) - Mitie said on Tuesday that the Competition and Markets Authority has closed its investigation into alleged anti-competitive behaviour regarding contracts at Heathrow and an immigration removal centre.

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26 Jan 2023 10:22

CORRECT: Mitie quarter disappoints as new contract win value drops

(Correcting the date of share price trading)

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26 Jan 2023 10:18

Mitie Group third quarter disappoints as new contract win value drops

(Alliance News) - Mitie Group PLC on Thursday said third quarter revenue remained unchanged from a year ago as new contract win value dropped.

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26 Jan 2023 07:52

Mitie on track to meet full-year expectations

(Sharecast News) - Facilities management company Mitie said on Thursday that it was on track to meet full-year expectations as it hailed continued underlying revenue growth.

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25 Jan 2023 15:46

UK dividends calendar - next 7 days

Thursday 26 January 
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Artemis Alpha Trust PLCdividend payment date
Bankers Investment Trust PLCex-dividend payment date
Centaur Media PLCspecial ex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
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Schroder Oriental Income Fund Ltdex-dividend payment date
Smart Metering Systems PLCdividend payment date
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Friday 27 January 
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J Smart & Co (Contractors) PLCdividend payment date
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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