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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)

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24 Sep 2021 08:43

Mitie lifts full-year outlook after Covid contracts boost first half

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24 Sep 2021 07:37

UPDATE 2-UK's Mitie lifts profit view on COVID contracts boost, office returns

* Mitie raises 2022 profit to 145-155 million pounds* Agrees "more favourable" terms on new credit facility* Shares rise 3% (Adds shares, details, background)By Yadarisa ShabongSept 24 (Reuters) - Britain's Mitie hiked its fiscal 2022 profit foreca...

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24 Sep 2021 07:02

Mitie lifts profit guidance as it wins more Covid contracts

(Sharecast News) - Facilities management company Mitie Group lifted annual profit guidance after a strong second quarter boosted by the award of more Covid-19-related contracts and a return to office work after lockdowns.

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24 Sep 2021 07:02

Mitie lifts profit guidance as it wins more Covid contracts

(Sharecast News) - Facilities management company Mitie Group lifted annual profit guidance after a strong second quarter boosted by the award of more Covid-19-related contracts and a return to office work after lockdowns.

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23 Aug 2021 08:42

Mitie agrees GBP40 million sale of document management business

Mitie agrees GBP40 million sale of document management business

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23 Aug 2021 07:29

Mitie to sell document management business for ?40m

(Sharecast News) - Mitie has agreed to sell its document management business to outsourcer Swiss Post Solutions (SPS) for £40m.

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5 Aug 2021 10:04

Mitie eyes telecoms expansion with GBP15 million DAEL purchase

Mitie eyes telecoms expansion with GBP15 million DAEL purchase

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5 Aug 2021 08:42

Mitie acquires DAEL Ventures for £15m

(Sharecast News) - Outsourcing and energy services company Mitie has acquired DAEL Ventures as part of an effort to broaden its expertise in the fast-growing telecoms sector.

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28 Jul 2021 10:15

Wednesday broker round-up

(Sharecast News) - FDM Group: Numis upgrades from 'hold' to 'add', raises target from 1,050.0p to 1,250.0p.

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27 Jul 2021 22:05

TRADING UPDATES: Wizz Air and Mitie face pressure over director pay

TRADING UPDATES: Wizz Air and Mitie face pressure over director pay

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27 Jul 2021 16:57

LONDON MARKET CLOSE: FTSE slips; NY in red ahead of Apple, Microsoft

LONDON MARKET CLOSE: FTSE slips; NY in red ahead of Apple, Microsoft

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27 Jul 2021 12:53

Mitie up as Covid-contracts and Interserve acquisition boost revenue

Mitie up as Covid-contracts and Interserve acquisition boost revenue

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27 Jul 2021 12:24

Mitie revenues double in first quarter, boosted by acquisition

(Sharecast News) - Mitie said on Tuesday that group revenues doubled in the first quarter following the acquisition of Interserve's facilities management business, sending shares in the outsourcer sharply higher.

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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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