Monday newspaper round-up: Hard Brexit, City worries, mobile claim, Tesco
26th Sep 2016 06:39
(ShareCast News) - Senior financiers are alarmed at growing political momentum behind a so-called "hard Brexit" that they fear will erode business confidence, trigger corporate departures and damage the City of London. Leading bankers who have held talks with government ministers have told the Finan
Read moreFTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low
21st Sep 2016 14:22
(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%
Read moreMitie plummets on profit warning as clients delay spending
19th Sep 2016 07:05
(ShareCast News) - Outsourcer Mitie Group warned that full year profits would be materially lower than expected due to a drop-off in higher margin contracts in the first-half and the cost of new efficiency programmes. Outsourcer Mitie Group warned that full year profits would be materially lower tha
Read moreTuesday newspaper share tips: Inmarsat, Mitie
24th May 2016 13:29
(ShareCast News) - Markets appear to have punished Inmarsat´s management for providing excessively ambitious financial guidance; however, the share price drop also seems overdone, The Times´s Tempus said. The shares have come down precipitously from the approximately 1,150p at which they were changi
Read moreLondon pre-open: Stocks seen touch higher
23rd May 2016 07:14
(ShareCast News) - London stocks were expected to open just a touch firmer on Monday, regaining some poise after the losses suffered last week amid concerns about an earlier-than-expected interest-rate hike by the Federal Reserve. The FTSE 100 was seen starting four points higher than Friday's close
Read moreOperating profit up as Mitie cruises towards revenue growth
23rd May 2016 07:04
(ShareCast News) - Outsourcing company Mitie Group reported a marginal rise in operating profit before other items for the year on Monday, to £128.9m from £128.6m, generating a margin of 5.8% - up from 5.7%. The FTSE 250 firm said in the year to 31 March, total operating profit grew 100.9% to £112.5
Read moreBroker tips: Kingfisher, Mitie, gold stocks
24th Mar 2016 13:36
(ShareCast News) - Societe Generale upgraded B&Q owner Kingfisher to 'hold' from 'sell' and lifted the price target to 359p from 333p following the company's results on Wednesday. The bank said some early signs of recovery in the French home improvement market, together with a weaker reporting curre
Read moreMitie Group's 'buy' rating reiterated despite revenue warning
24th Mar 2016 10:50
(ShareCast News) - Mitie Group's 'buy' rating was reiterated by Canaccord Genuity despite the company warning that full year revenues will be below the current range of market expectations of £2.35bn. The outsourcing firm said it has experienced revenue shortfalls in the second half of the year as s
Read moreMitie slumps as it warns over full year revenue
24th Mar 2016 08:00
(ShareCast News) - Outsourcer Mitie slumped on Thursday after it warned that full year revenues will be below the current range of market expectations, although profit will fall within. The company said it has experienced revenue shortfalls in the second half of the year as some work has been delaye
Read moreFTSE 250 movers: Evraz rises with iron, appetite for Just Eat wanes
7th Mar 2016 14:40
(ShareCast News) - The FTSE 250 was down during afternoon trading on Monday, after an earlier report showed Eurozone investor confidence was expected to fall in March ahead of the European Central Bank's policy meeting later in the week. Indivior was one of the leading risers after Deutsche Bank rei
Read moreMitie secures NHS facilities management contract
1st Mar 2016 11:01
(ShareCast News) - Mitie's facilities management arm has been awarded a contract by NHS Property Services worth in excess of £100m. The FTSE 250 outsourcer said it had secured 25 of the 31 lots offered and the contract is for three years with the option of two one-year extensions. The appointment f
Read moreFTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreFTSE 250 movers: Tullow gains on broker upgrades; Euromoney drops on acquisition
29th Sep 2015 15:17
(ShareCast News) - London's FTSE 250 index was down 0.8% to 16,489.54 at 1528 BST, falling in line with the broader market as investors continued to fret about an economic slowdown in China. Oil exploration and production company Tullow Oil was the standout gainer, benefiting from two rating upgrade
Read moreMitie named preferred bidder by Rolls Royce
7th Sep 2015 08:06
(ShareCast News) - Outsourcing group Mitie has been chosen as preferred bidder by Rolls Royce to manage the group's UK and European facilities. The agreement, which will be one of the FTSE 250 group's largest pan-European deals, will see Mitie continue its 23-year partnership will Rolls Royce. "We
Read moreRBC ups Mitie price target and free cash flow estimates
28th May 2015 13:21
RBC Capital Markets raised its price target for Mitie Group to 350p from 310p. "With a cleaner business and no more one-offs, we expect free cash flow to be more in line with earnings per share going forward," said RBC. It said that given the discount to peers, re-rating potential remains high if m
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