Financial watchdog drops Mitie probe

By Jordan Marshall2018-06-27T11:24:00

Investigation centred on profit warning from September 2016

The Financial Conduct Authority has dropped its investigation into Mitie over the timing and content of a profit warning.

The FCA revealed it was investigating a profit warning that sent shares in Mitie tumbling by a quarter when it was released in September 2016.

But in a statement to the Stock Exchange, this morning Mitie said the financial watchdog had now drawn a line under the probe which it had announced back in August last year.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community