Mitie trades flat at 161p after Home Office claims ahead of buyback
Mitie Group PLC shares edged up in London on Thursday after news of alleged racism and hate speech among staff on immigration contracts surfaced, putting more reputational risk in focus for investors alongside the company’s strong order book and its £100 million buyback. Shares traded at 160.90p, up 0.30p, or 0.19%, based on delayed LSEG data from Investors Chronicle at 12:44 BST. Mitie’s change was minor, but timing is key. After the company spent last week pushing investors to look at cash generation, margins, and returns following its FY26 results on June 4, Thursday’s development looks different: it concerns the public-sector contracts that support Mitie’s order book.