Mitie Group (MTO)

Sector:

Support

Index:

FTSE 250

119.40p
   
  • Change Today:
      2.20p
  • 52 Week High: 124.20
  • 52 Week Low: 91.90
  • Currency: UK Pounds
  • Shares Issued: 1,327.67m
  • Volume: 2,355,716
  • Market Cap: £1,585.24m
  • RiskGrade: 216

Hammond wants more public sector spending cuts

By Sean Farrell

Date: Wednesday 01 Aug 2018

LONDON (ShareCast) - (Sharecast News) - The chancellor has told government departments to prepare for further spending cuts before next year's spending review, putting him at odds with cabinet members who want to ease austerity.


Philip Hammond wants ministries whose budgets are not protected to identify potential cost savings over the summer, the Times reported. Areas for cuts could include public health, local government and transport. The push for further savings could affect outsourcing companies such as Capita, Serco and Interserve.

The letter from the Treasury, sent by chief secretary Liz Truss, did not specify a savings target but some ministries think budgets could be cut by as much as 5%.

Hammond has said tax rises will be needed to fund an extra £20bn a year of health spending by 2023-24, announced by the prime minister. He has got the prime minister to agree to his fiscal rules for deficit reduction.

Conservative MPs have been less keen on public spending cuts since austerity fatigue was partly blamed for the government losing its majority in 2016.

Some cabinet ministers, including environment secretary Michael Gove and Gavin Williamson, the defence secretary, have tried to shift policy towards stimulating the economy and away from spending cuts.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mitie Group Market Data

Currency UK Pounds
Share Price 119.40p
Change Today 2.20p
% Change 1.88 %
52 Week High 124.20
52 Week Low 91.90
Volume 2,355,716
Shares Issued 1,327.67m
Market Cap £1,585.24m
RiskGrade 216

Mitie Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.78% below the market average48.78% below the market average48.78% below the market average48.78% below the market average48.78% below the market average
35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average
Price Trend
83.01% above the market average83.01% above the market average83.01% above the market average83.01% above the market average83.01% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Income
31.13% above the market average31.13% above the market average31.13% above the market average31.13% above the market average31.13% above the market average
30.16% above the sector average30.16% above the sector average30.16% above the sector average30.16% above the sector average30.16% above the sector average
Growth
81.53% above the market average81.53% above the market average81.53% above the market average81.53% above the market average81.53% above the market average
79.59% above the sector average79.59% above the sector average79.59% above the sector average79.59% above the sector average79.59% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mitie Group Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 14-Dec-23
Paid 05-Aug-24 31-Jan-24
Amount 3.00p 1.00p

Trades for 24-Jun-2024

Time Volume / Share Price
12:15 1,495 @ 119.60p
12:10 3,574 @ 119.40p
12:10 1,192 @ 119.40p
12:10 3,054 @ 119.40p
11:55 979 @ 119.40p

Mitie Group Key Personnel

CEO Phillip Bentley

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