Mitie Share News (MTO)

UPDATE 3-Mitie warns again on profits, blaming Brexit uncertainties

* Warns FY underlying earnings to be lower than previous estimte * High-margin businesses hit as clients limit discretionary spend * H1 operating profit falls to 35.4 mln stg * Books 117.2 mln of writedowns on home healthcare business * Shares fall back (Adds comments by

Canaccord downgrades MITIE, slashes target price

(ShareCast News) - Any major collapse in MITIE´s share price would provide a longer-term opportunity, but shorter-term there were various uncertainties which needed to be resolved, Cannacord Genuity said. The company´s Facilities Management business was still attractive, and opportunities were still

WINNERS & LOSERS SUMMARY: Essentra Shares Sink After Profit Warning

LONDON BRIEFING: Essentra And Mitie Woes Sink Midcap Index

Mitie delivers another profit warning, exits care business

(ShareCast News) - As well as reporting a slide into losses in the first half and cutting its dividend, facilities management group Mitie said the second half should see an improvement but the full year turnout will still fall short of expectations. The FTSE 250-listed company has taken the decision

UK outsourcing group Mitie warns on results a second time this year

Nov 21 (Reuters) - Outsourcing firm Mitie issued a second warning on its full-year results as customers delayed placing orders due to uncertainty following Britain's vote to leave the European Union. The company, a pest control to property cleaning, security and ancillary healthcare service

TOP NEWS: Mitie Swings To Big Loss As It Exits Homecare Services

Sunday newspaper tips: Mitie, Majestic Wine, Wincanton

(ShareCast News) - Sell shares in Mitie, said the Sunday Times' Inside the City column, though there's no time to do this before Monday's likely "ugly" set of interim numbers. Outgoing boss Ruby McGregor-Smith, who will step down next month, warned on profits and the half-time report may see further

Broker tips: Mitie, Electrocomponents, Anglo American

(ShareCast News) - RBC Capital Markets downgraded outsourcing company Mitie 'underperform' from 'sector perform' and cut the price target to 160p from 195p ahead of first-half results. "We already know H1 will not be good. However, the key question is whether the trading and outlook has improved. "

FTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal

(ShareCast News) - The FTSE 250 index was down 0.48% at 17,488.87 at 1604 GMT on Wednesday. Goldman Sachs upgraded Vedanta Resources from 'Neutral' to 'Buy', raised its price target from 450p to 1,300p and added it to their Conviction List, sending its shares up. The bank believes the price of zinc

Mitie slumps on RBC Capital downgrade

(ShareCast News) - Shares in outsourcing company Mitie were under the cosh on Wednesday as RBC Capital Markets downgraded its stance on the stock to 'underperform' from 'sector perform' and cut the price target to 160p from 195p ahead of first-half results. "We already know H1 will not be good. Howe

Mitie secures new facilities management contract

(ShareCast News) - FTSE 250 outsourcer Mitie has been awarded a new five-year facilities management (FM) contract worth more than £60m with Manchester Airports Group (MAG), consolidating FM services across three airports into one integrated contract. Mitie has been providing services for Manchester

INVESTMENT FOCUS-Investors pin hopes on autos and oil in bleak outlook for European earnings

* 2016 poised to see European earnings contract again * Europe Inc's earnings down in 4 of the past 5 years * Financials, Brexit worries weigh on profits * Oil, autos, EM-related companies relative bright spots * European EPS through the years: http://reut.rs/2553txN Read more

Broker tips: United Utilities, Prudential, service sector

(ShareCast News) - United Utilities got a boost on Thursday as Societe Generale upgraded the stock to 'buy' from 'hold', noting that recent share price weakness now implies a total shareholder return of 18%. The stock has underperformed the FTSE 100 by 11% since the 2 October Tory Party conference.

Thursday broker round-up

(ShareCast News) - Ted Baker: Goldman Sachs keeps at buy with a target price of 3140p. Brown N: HSBC reiterates hold, 205p target. MITIE: Citigroup keeps at neutral with a 280p target. Prudential: Societe Generale reiterates outperform with a 1250p target. Astrazeneca: Jefferies keeps at buy with