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UK outsourcer Mitie resumes buyback; annual profit set to rise on Marlowe deal
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UK outsourcer Mitie resumes buyback; annual profit set to rise on Marlowe deal
Oct 13, 2025 11:54 PM

Oct 14 (Reuters) - British outsourcer Mitie ( MITFF ) on

Tuesday resumed share buybacks with a 100-million-pound ($132.83

million) programme and lifted its forecast for annual operating

profit, boosted by cost cuts and its recent acquisition of rival

Marlowe.

Mitie ( MITFF ), which provides security, cleaning, engineering and

other services to public and private sector clients, now expects

operating profit of at least 260 million pounds for the year

ending March 2026.

The company also reported a 10% jump in revenue to 2.7

billion pounds for the six-month period ended September 30.

($1 = 0.7528 pounds)

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