“Mitie has published its second profit warning in two months after the outsourcing company’s customers continued to reduce spending due to rising costs and economic uncertainty.
The company also said it would withdraw from its healthcare business, which provides home care for the elderly. The £128m cost of writing off the business drove Mitie to a £100m pre-tax loss for the first half of the year. …
… Mitie put its healthcare division under review in September and will now look for a company to take over the business or allow its contracts to wind down. Local councils have been seeking price cuts from the loss-making business, prompting Mitie to conclude it was unviable.”
East Devon Watch 