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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
30 Mar 2022 07:40

UK regulators raid Mitie London offices - report

(Sharecast News) - UK competition investigators have raided the offices of outsourcer Mitie and are examining the emails of senior staff, after the Home Office raised concerns about suspected anti-competitive behaviour, according to media reports on Wednesday.

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7 Mar 2022 21:43

IN BRIEF: Mitie Chief Executive Bentley purchases shares

Mitie Group PLC - Glasgow-based facilities management and professional services - Chief Executive Officer Phil Bentley purchases 210,748 shares at a price of 47.41 pence on Monday, totalling GBP99,916.

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4 Mar 2022 17:23

Rocked by Ukraine, British stocks have worst week since pandemic began

March 4 (Reuters) - Britain's blue-chip and mid-cap stock indexes recorded their worst week since March 2020 on Friday as concerns over the impact of Russia's invasion of Ukraine deepened.

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4 Mar 2022 09:07

LONDON MARKET OPEN: Europe slides into red, with focus on US jobs

(Alliance News) - European stocks were on the back foot on Friday morning, with London outperforming its mainland peers, with fears of the war in Ukraine escalating sending investors in search of safe havens.

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4 Mar 2022 08:35

UK competition watchdog probes Mitie over immigration centre contracts

(Alliance News) - The UK competition regulator has launched an investigation into whether outsourcing firm Mitie Group PLC has broken competition law in relation to a procurement process for immigration removal centre contracts run by the Home Office.

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4 Mar 2022 08:00

LONDON MARKET PRE-OPEN: Hammerson loss narrows; Mitie sees scrutiny

(Alliance News) - Stock prices are seen opening lower on Friday after scares of a nuclear disaster in Ukraine following direct shelling of a nuclear power plant, while a business group has downgraded its expectations for UK economic growth this year.

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27 Jan 2022 16:58

LONDON MARKET CLOSE: FTSE 100 jumps as stocks shake off hawkish Fed

LONDON MARKET CLOSE: FTSE 100 jumps as stocks shake off hawkish Fed

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27 Jan 2022 12:26

LONDON MARKET MIDDAY: Banks lead FTSE 100 as US Fed set for rate hikes

LONDON MARKET MIDDAY: Banks lead FTSE 100 as US Fed set for rate hikes

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27 Jan 2022 10:51

Mitie lifts annual profit guidance on strong third-quarter performance

Mitie lifts annual profit guidance on strong third-quarter performance

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27 Jan 2022 09:52

UPDATE 2-FTSE 100 in high spirits on Diageo results; Dr. Martens weighs on midcaps

* Banks boost bluechips* Dr. Martens drops to record low following weak results* Mitie Group rises on strong profit outlook* FTSE 100 up 1.1%, FTSE 250 down 0.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 27 (Reuters) - London's...

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27 Jan 2022 07:57

Mitie lifts full-year profit guidance

(Sharecast News) - Outsourcer Mitie lifted its annual profit guidance again on Thursday as it highlighted higher-than-expected revenue from Covid-related contracts in the third quarter.

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27 Jan 2022 07:49

UPDATE 1-UK's Mitie hikes profit outlook as COVID contracts rise amid Omicron wave

(Adds detail, background)Jan 27 (Reuters) - Mitie Group on Thursday raised its annual profit outlook for the second time in four months, as the outsourcer that helps manage some of Britain's COVID-19 testing sites gains from a higher number of pan...

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27 Jan 2022 07:25

UK's Mitie hikes profit outlook as COVID contracts rise amid Omicron wave

Jan 27 (Reuters) - Mitie Group on Thursday raised its annual profit outlook for the second time in four months, as the British outsourcer benefits from a higher number of COVID-19 contracts during the Omicron wave.The company, which reported a 51%...

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26 Jan 2022 16:13

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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20 Jan 2022 16:06

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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