Plus   Neg

Mitie Reports Extension Of Its Significant Contract With Lloyds - Quick Facts

Mitie Group plc (MTO.L) said the Group has been awarded an extension to the contract to provide integrated facilities management services to Lloyds Banking Group (LBG). The Group has been delivering IFM services to Lloyds Banking since 2012. The extended contract runs through to the end of 2024.

The Group expects the extended contract to generate revenues of approximately 170 million pounds per annum. The Group noted that the extension of the contract had been factored into guidance on revenue growth and operating profit in fiscal 19/20.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Transportation says it received lesser number of complaints from consumers about airline services in August. In August, DOT received 1,712 complaints about airline service from consumers, down 1.0% from the total of 1,730 filed in August 2018 and down 8.7% from the 1,875 received... Shares of Netflix Inc. (NFLX) jumped 7% in extended trading session Wednesday after the online-video streaming giant said it added more subscribers in the third quarter after a disappointing previous quarter. The company's third-quarter earnings topped Wall Street estimates, as revenues surged 31%. Netflix... Alcoa Corp. (AA), the largest producer of aluminum in the US, Wednesday posted a wider-than-expected loss for the third quarter, reflecting a drop in revenues as well as one-time charges related to two smelters in Spain. The company also announced a "portfolio review" of its smelting and refining capacity...
Follow RTT