Mitie

Troubled facilities management contractor Mitie is to shed 480 jobs and has put its property management business up for sale as it continues its cost-cutting restructure. In a pre-close statement for the half year ended 30 September 2017 today, the firm said it has instructed Evercore Partners Inter

Outsourcing group Mitie is under investigation by the Financial Conduct Authority (FCA) over the timing and content of two profit warnings last year. In an announcement to the stock market this morning, the company said the investigation relates to “the timeliness of a profit warning announced by

Facilities management specialist Mitie has seen staff numbers fall by more than 3,000 as it continues its £45 million cost cutting drive. Announcing its preliminary results for the year ended 31 March 2017, the firm revealed that its number of employees fell to 56,279 from 59,332 in 2016.

Mitie’s property management business has been awarded a new contract with Maryhill Housing Association. The new contract will see Mitie deliver a range of reactive repairs and maintenance works over the three-year contract, which has an optional two-year extension.

Outsourcing giant Mitie has removed 160 jobs and is expected to write off a further £50 million after an accounting review unearthed issues with the way the firm was booking its costs. A review of Mities’ books by accountants at KPMG, which was presented to the firm’s Audit Committee yesterday,

Outsourcing firm Mitie has issued its third profit warning in four months following a two-day Board meeting. In a trading update to the City today the company said that its Property Management and Technical FM divisions have been “impacted by client deferrals and investment plan delays”, which a

Unemployed people with disabilities are being helped into work through an innovative £900,000 programme which is being piloted in Scotland by Mitie and CITB. The ‘Think Differently’ initiative is designed to encourage employers to actively recruit candidates with autism, learning disabilities p

Ruby McGregor-Smith Mitie has issued its second profit warning in two months as the outsourcing firm faces fresh hits from economic uncertainty and rising staff costs.

Ruby McGregor-Smith Ruby McGregor-Smith is to step down as a director and chief executive of Mitie weeks after the company issued a profit warning.

Outsourcing specialist Mitie has warned that profits will be “materially below” its expectations as a result of uncertainty over the UK's decision to leave the EU and other “economic pressures”. In a trading update ahead of result for the first half of the year, the firm said that recent eco

Facilities management company Mitie Group has doubled its annual profit though revenues as the firm took a small dip. Preliminary results for the year ended 31 March 2016 revealed a 101 per cent rise in operating profit to £112.5 million to which the group attributed a strong performance in its fac

(left to right) Back Row: Scott Lindsay, Corran McIntosh, Josh Martin, Lynne Dunn, Kyle Thomson, Roger Gardiner, Connor Webster and Martin Mentiplay. Front Row: Logan Richardson, Scott Cape, Kyle Matthews, Brendan Urquhart Ten unemployed Fife youngsters have begun careers in the construction industr

Facilities management company Mitie has posted a steady rise in full-year revenues thanks it part to a string of new and extended Scottish contracts. Shares in the firm have increased by nearly four per cent after it lifted underlying operating profit by 0.9 per cent to £128.6 million. Sales have r

Mitie Group has extended its transformational partnership delivering integrated facilities management (FM) for Lloyds Banking Group.

Mitie, the strategic outsourcing company which delivers a range of services across Scotland, has this morning announced its results for the year ended 30 September 2014.