Mitie sounds profit warning after Brexit vote hits client spending

Discussion in 'Market News' started by Lily, Sep 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Outsourcer’s shares tumble 25% as EU referendum jitters and slowing economy trigger economic woes

    Uncertainty caused by the EU referendum has helped trigger a profit warning from Mitie, the outsourcing group whose business spans care for the elderly, pest control and immigration centres.

    In a trading update, Mitie said customers put projects on hold in the run-up to the 23 June and have continued to delay spending.

    Related: Hard Brexit will cost City of London its hub status, warns Bundesbank boss

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