King Charles’ cleaner ups dividend after revenue surge Markets The official cleaner for King Charles III has upped its dividend as the facilities management business said it was able to get its customer base to dig deeper into their wallets. FTSE 250 member Mitie, which was recently awarded a Royal Warrant by appointment by Charles for services to the Royal Household, is to issue [...]
Shoplifting ‘epidemic’ and AI data centre demand help Mitie revenue surge Business Rising demand for shop security guards and AI data centres have helped drive a surge in sales for security and engineering services company Mitie. The FTSE 250 business, which has more than 80,000 staff, saw a 12 per cent rise in revenue from security services to £580m in the six months to end September, fueled [...]
FTSE 100 Live: AI boom continues, JD Sports update Markets Good morning from the City AM liveblog team. Among the least-desired accolades for a company chief executive is to see their firm’s share price rise the moment they announce their departure. Unfortunately for him, the latest exec to have been dealt this honour is the boss of WH Smith, Carl Cowling, who yesterday watched the [...]
Lord Ashcroft bought shares in Mitie on day it made offer for firm he founded June 10, 2025 Lord Ashcroft bought shares in Mitie on the same day it unveiled £370m takeover talks for a business he co-founded, City AM can reveal. The peer and Tory grandee spent £1m acquiring 714,600 shares in the facilities management company on Thursday 5 June, company filings show, the day the firm confirmed it was in talks [...]
Mitie Group makes bid for Lord Ashcroft-founded Marlowe June 5, 2025 Mitie Group has made a £366m offer for Lord Ashcroft-founded Marlowe, as revenue surged 13 per cent at the outsourcing giant. The FTSE 250 firm said the takeover of the AIM-listed testing and inspection group would deliver £30m of cost synergies as part of its full-year results today. “Adding Marlowe’s 3,000 highly respected colleagues to [...]
Workers’ rights: £60bn industry warns against Labour overhaul June 4, 2025 The government’s flagship workers’ rights legislation is poised to have “serious unintended consequences” for firms’ capacity to take on new staff and offer them sufficient hours if ministers fail to consult more closely with employers, more than 120 facilities management bosses have warned. Writing in an open letter signed by the likes of FTSE 250 [...]
Mitie Group warns of £50m NIC knock as it unveils share buyback April 16, 2025 The scale of the knock British businesses are set to take from the government’s tax raid was laid bare today after facilities management firm Mitie Group warned of an eye-watering £50m hit from hikes to National Insurance Contributions (NICs). The London-listed group’s latest estimate for the cost of rising NICs was slightly less than a [...]
Mitie Group: Acquisition spree helps company to bumper growth July 23, 2024 The revenue haul, which totalled £1.16bn, represented a 10.5 per cent year-on-year increase and came alongside a number of major contract wins.
Mitie: Shard-based outsourcing giant swoops for electrical engineering firm ESM Power July 17, 2024 Outsourcing giant Mitie has landed a high-voltage deal as it acquired leading electrical engineering firm ESM Power.
Mitie: Outsourcing firm based in London’s Shard posts record £4.51bn revenue after M&A spree June 6, 2024 Mitie Group raked in a record £4.51bn in revenue last year as new contract wins and a spate of M&A led to growth across the business.