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Pin to quick picksMitie Share News (MTO)

Share Price Information for Mitie (MTO)

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Share Price: 119.40
Bid: 118.80
Ask: 119.20
Change: 0.00 (0.00%)
Spread: 0.40 (0.337%)
Open: 0.00
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Prev. Close: 119.40
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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)

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15 Sep 2020 07:53

UPDATE 2-Mitie, Interserve deal on UK competition watchdog's radar

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18 Aug 2020 07:49

UPDATE 2-Capita's turnaround plan derailed by pandemic after first-half loss

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3 Aug 2020 08:08

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31 Jul 2020 16:36

UK DIRECTOR DEALINGS SUMMARY: Lupton Buys 1.0 Million Lloyds Shares

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29 Jul 2020 13:47

IN BRIEF: Mitie Group Rights Issue Gets 93% Acceptances; Places Rest

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28 Jul 2020 12:25

Mitie Sees "Resilient" First-Quarter Performance Amid New Contracts

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28 Jul 2020 10:04

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(Sharecast News) - Outsourcer Mitie posted an 11% drop in first-quarter revenue on Tuesday, partly due to the loss of a major contract.

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28 Jul 2020 09:58

UK BROKER RATINGS SUMMARY: Centrica Gets Upgrades From Jefferies, BofA

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28 Jul 2020 07:56

UPDATE 1-UK's Mitie reports improved June after virus-hit quarter

(Adds detail on results, backgorund)July 28 (Reuters) - British outsourcer Mitie reported an 11% drop in revenue in its fiscal first-quarter on Tuesday while saying its performance had improved slightly in June as it fought coronavirus-induced wea...

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21 Jul 2020 16:02

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21 Jul 2020 16:00

UK Shareholder Meetings Calendar - Next 7 Days

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15 Jul 2020 11:39

UK Financial Reporting Council Closes Accounting Probe Into Mitie

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15 Jul 2020 09:49

UK BROKER RATINGS SUMMARY: Goldman Starts Glencore With Buy Rating

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15 Jul 2020 08:06

Regulator drops inquiry into Mitie's financial statements

(Sharecast News) - The accountancy regulator has closed an investigation into Mitie's financial statements after an inquiry that lasted almost three years.

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14 Jul 2020 11:09

Mitie tumbles as rights issue shares admitted

(Sharecast News) - Outsourcer Mitie was under the cosh on Tuesday after its right issue shares were admitted following the company's acquisition of Interserve's facilities management arm last month.

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