Mitie Share News (MTO)

Sustainable Switch: When an ‘existential threat’ isn’t an emergency

July 21 - Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com

Hello!

Before diving into today’s newsletter that focuses on U.S. President Joe Biden’s announcement on the climate emergency, I have my own announcement to make. I’ll be taking a break next week and Sustainable Switch will be switched off while I am gone. But rest assured, I and the newsletter will be back with all the latest ESG news in your inbox as usual on Aug. 2.

Now, let’s get straight to it!

* Biden described climate change as an emergency on Wednesday, but stopped short of a formal declaration, announcing a modest package of executive actions and promising more aggressive efforts to come.

UK shareholder meetings calendar - next 7 days

UK dividends calendar - next 7 days

LONDON MARKET CLOSE: Sell-off as ECB joins hawkish central bank chorus

(Alliance News) - Stocks in Europe extended losses on Thursday after the European Central Bank hinted that half-point interest rate hikes may be on the table, making it the latest central bank prepared to act aggressively to tame rampant inflation.

LONDON MARKET MIDDAY: ECB to chart course for interest rate 'lift-off'

(Alliance News) - Stock prices in London were lower at midday on Thursday, ahead of a policy announcement by the European Central Bank in which the Frankfurt-based institution is expected to lay the groundwork for policy tightening.

Mitie swings to profit, reinstates final dividend and unveils buyback

(Alliance News) - Mitie Group PLC on Thursday said that it has swung to an annual profit as revenue climbed thanks to new contract wins.

LONDON MARKET OPEN: CMC Markets sinks after slashing dividend

(Alliance News) - Stock prices in London opened lower on Thursday as China continues to grapple with Covid-19 outbreaks, while CMC Markets fell sharply after cutting its dividend.

Mitie reinstates dividend, unveils £50m buyback on return to profit

(Sharecast News) - Detention centre and building facilities operator Mitie reinstated its dividend and unveiled a £50m share buyback as it swung to a full-year profit, boosted by new contract wins.

UK earnings, trading statements calendar - next 7 days

Mitie Group acquires mobile telecoms construction company 8point8

(Alliance News) - Mitie Group PLC said on Tuesday it has made further acquisitions as the outsourcer seeks to broaden its telecoms offering.

IN BRIEF: Deloitte fined GBP1.5 million over Mitie audit failings

Mitie Group PLC - Glasgow-based facilities management and professional services - The UK Financial Reporting Council has imposed a financial sanction of GBP1.5 million on accounting firm Deloitte LLP for failings related to its audit of Mitie's results for financial 2016. The FRC also fined John Charlton, the audit engagement partner, GBP40,056. Both financial sanctions were reduced for admissions and early disposal, though both Deloitte and Charlton received a 'severe reprimand'.

Deloitte fined £1.45m over Mitie auditing failures

(Sharecast News) - Accounting firm Deloitte has been fined £1.45m by Britain's accounting watchdog after failures in its audit of outsourcer Mitie Group.

Mitie acquires civil & structural engineering consultancy P2ML

(Alliance News) - Mitie Group PLC on Friday said it purchased civil and structural engineering consultancy P2ML Ltd for GBP2.1 million to expand its telecoms offering.

Mitie buys telecom tower designer P2ML for £2.1m

(Sharecast News) - Mitie Group said it had bought P2ML, a specialist telecoms tower design company for £2.1m on a cash and debt-free basis.

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.