Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMitie Share News (MTO)

Share Price Information for Mitie (MTO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 119.40
Bid: 119.20
Ask: 119.80
Change: -0.60 (-0.50%)
Spread: 0.60 (0.503%)
Open: 120.80
High: 120.80
Low: 119.40
Prev. Close: 120.00
MTO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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

Fri, 04th Mar 2022 17:23

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.

The blue-chip FTSE 100 index ended the session 3.5% lower and was down 6.4% over the week, with precious metal miners, automakers and travel stocks were the main losing sub-indexes.

Russian forces in Ukraine seized Europe's biggest nuclear power plant on Friday in what the U.S. said was a reckless assault, although a blaze in a training building was put out and officials said the facility was now safe.

Banking shares including HSBC and Barclays and oil and gas giants Shell and BP were among the top drags on the FTSE 100 on Friday.

"People are nervous around the Ukraine headlines and nobody wants to own stocks. It's Friday and nobody knows what will happen over the weekend, which adds to the risk averseness," said Keith Temperton, a sales trader at Forte Securities.

The FTSE 100 has erased all gains made this year to trade 5.1% lower as soaring commodity prices after Russia's invasion of Ukraine have stoked global inflation and growth worries.

"It is becoming difficult to remain constructive on risk in the face of the current exceptional uncertainty," Andrea Cicione, head of strategy at TS Lombard, said.

British firms including Marks & Spencer, recruiter Hays, supermarket group Sainsbury's and the world's largest advertising firm WPP have suspended their Russian operations.

The domestically focussed mid-cap index fell 3.5% on Friday and is down 7% in its worst week since March 2020.

Among other stocks, Hammerson gained 1.1% after the mall operator reported a smaller annual loss and a drop in debt levels.

Mitie's shares sank 10.6% after Britain's antitrust regulator said it is investigating the outsourcing firm over potential breaches of competition law relating to the tender for contracts to run two immigration removal centres. (Reporting by Amal S in Bengaluru; Editing by Saikat Chatterjee, Aditya Soni and Alexander Smith)

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...

Read more
20 Jul 2021 16:02

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
20 Jul 2021 15:53

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
2 Jul 2021 09:57

BROKER RATINGS: Jefferies says Buy Barratt Developments and Bellway

BROKER RATINGS: Jefferies says Buy Barratt Developments and Bellway

Read more
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...

Read more
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) - ...

Read more
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

Read more
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

Read more
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.

Read more
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

Read more
16 Jun 2021 09:36

BROKER RATINGS: Citigroup upgrades HSBC to Buy from Neutral

BROKER RATINGS: Citigroup upgrades HSBC to Buy from Neutral

Read more
11 Jun 2021 09:08

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

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

Read more
10 Jun 2021 17:11

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

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

Read more
10 Jun 2021 12:18

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

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

Read more
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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.