MARKET TALK: HSBC Starts European Business Services Stocks
8th Jul 2010 07:58
0658 GMT [Dow Jones] HSBC initiates coverage of European business services stocks. Says there has been some considerable volatility in the sector as investors wrestle with recession, the speed of the recovery and the possibility of a relapse in demand. "Through the clamour of much macroeconomic nois
Read morePRESS RELEASE: MITIE Given Preferred Bidder Status for Rolls-Royce European Facilities Management Contract
6th Jul 2010 12:05
MITIE Given Preferred Bidder Status for Rolls-Royce European Facilities Management Contract BRISTOL, UK -- (MARKETWIRE) -- 07/06/10 -- MITIE Group PLC ('MITIE') is pleased to announce that it has been given preferred bidder status by Rolls-Royce for the facilities and energy management of i
Read moreMitie Preferred Bidder For Rolls-Royce Euro FM
6th Jul 2010 11:17
LONDON (Dow Jones)--Mitie Group PLC (MTO.LN), a strategic outsourcing company, said Tuesday it has been given preferred bidder status by Rolls-Royce for the facilities and energy management of its European properties. MAIN FACTS: -Subject to contract, this will be Mitie's largest pan-Europea
Read moreMitie Group To Pay Up To EUR12.5M For Dalkia Businesses
25th Jun 2010 09:12
LONDON (Dow Jones)--Mitie Group PLC (MTO.LN), a strategic outsourcing company, said Friday it has acquired the integrated facilities management business of Dalkia Ireland Investments Ltd. in Ireland for EUR12.5 million. MAIN FACTS: -Mitie Group will acquire the share capital of DFM Providers
Read moreMitie Group Plc Acquisition
25th Jun 2010 09:00
TIDMMTO RNS Number : 2400O MITIE Group PLC 25 June 2010 ? 25 June 2010 MITIE acquires Irish facilities management businesses from Dalkia MITIE Group PLC ("MITIE") has acquired the integrated Facilities Management (FM) business of Dalkia in Ireland. This is by the acquisition of the ent
Read moreFTSE 250 movers: M&B escapes the sell-off
19th May 2010 11:12
The pub group Mitchells & Butlers is bucking the general downward trend after posting a sharp recovery in underlying profits to £73m from £47m in the half year to March. The company, which owns the All Bar One and O' Neills brands, also fleshed out its plans to move away from drink-led outlets to fo
Read moreTuesday tips round-up: Mitie, ITE, Kier
18th May 2010 06:44
Net debt of £87m gives outsourcer Mitie plenty of scope to pursue more acquisitions ? a topic on which it is making bullish noises. It is also taking its first tentative steps into continental Europe. At 238¼p, up 8¼p, or 12 times current-year earnings, Mitie has the longer-term potential to secur
Read moreLondon close: Flat finish for FTSE 100
17th May 2010 16:51
A late slide on the back of weakness in the US resulted in a flat finish for FTSE 100, which had been buoyant for most of the day following a recovery after Friday's slide. Life insurer Prudential's announcement of a rights issue barely moved the stock. Much of the news from the Pru was leaked befo
Read moreLondon afternoon: Shares stay strong
17th May 2010 15:19
A sluggish start on Wall Street has failed to dent sentiment in London, where stocks are higher following Friday's slide. Life insurer Prudential's announcement of a rights issue has barely moved the stock. Much of the news from the Pru was leaked beforehand, but an 11-for 2 rights issue still repr
Read moreFTSE 250 movers: Mitie climbs after mighty profit rise
17th May 2010 14:21
Services group Mitie is going well after it revealed a 17% rise in annual pre-tax profit, increased its dividend and said it is confident on delivering sustainable profitable growth. Private equity group SVG Capital falls after saying it has seen the value of its quoted investment portfolio grow by
Read moreLondon midday: Shares strong after recovery
17th May 2010 12:47
Footsie is posting good gains as sentiment picks up following the slide on Friday. Life insurer Prudential's announcement of a rights issue has barely moved the stock. Much of the news from the Pru was leaked beforehand, but an 11-for 2 rights issue still represents an eye-watering number of new s
Read moreLondon pre-open: Prepare for sell-off
17th May 2010 07:27
Major concerns about Europe's debt crisis look like spilling over into another week, with London set to reflect Friday's big losses on Wall Street and more selling in Asia this morning. City experts predict the FTSE 100 will start the session down 63 at about 5,200. It's not only equities that ar
Read moreAcquisitions help Mitie beef up FY profit
17th May 2010 07:10
Services group Mitie revealed a 17% rise in annual pre-tax profit, increased its dividend and says it is confident on delivering sustainable profitable growth. Pre-tax profit rose to £91.7m for the year ended 31 March 2010 from £78.4m the year before. Revenue for the year increased 13% to £1.720bn.
Read moreFTSE 250 movers: Downgrade dents Connaught
30th Mar 2010 14:47
Connaught sits at the bottom of the pile in the FTSE 250 after Charles Stanley cut its rating on the integrated services provider for social housing and environmental markets to 'sell' from 'buy'. The broker's concerns include poor cash generation, concerns over software expenditure and the sudden
Read moreMITIE pleased with acquisitions
30th Mar 2010 07:57
Recent acquisitions by outsourcing and asset management firm MITIE Group are making an 'excellent contribution', keeping the company on track to meet full year expectations. 'Our recently acquired businesses of Dalkia Technical FM (DTFM) and EPS are trading well and in line with the board's expecta
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