Join our community of smart investors

Mitie cleans up Lloyds

Contract win boosts outsourcer Mitie ahead of what are expected to be record results on 21 May
May 2, 2012

Mitie has landed a five-year office cleaning job with Lloyds Banking Group for £155m a year, with a possible one-year extension.

IC TIP: Buy at 291p

Services include catering, cleaning and waste management, so hopefully someone will profit from the mess left behind by bankers. Mitie reported revenues of £1.89bn last year and analysts expect a record of over £2bn in 21 May results.