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"Shares in Mitie fell by 28percent on Monday after the British business and public servicesoutsourcing group warned on profits this year, saying some largenew contracts had not come through as the vote to leave the EUhad surprised some customer firms, causing them to put off newinvestment decisions. The shares were down at 194 pence by 1513 GMT, down from 308pence at the beginning of the year, and 270 pence on the eve ofthe Brexit vote. The pest control to property cleaning, security and ancillary healthcare services provider said it had seen aslowdown in new work in the run-up to and after the Brexit vote,as clients deferred new outsourcing decisions and insteadrenewed or extended large contracts with their existing serviceproviders. Some big customers such as Lloyds Banking, Vodafone and Sky had extended contracts with Mitie byseveral years, the company said, adding that it was confident ofa better second half as new orders pick up. Nevertheless the company said it also", www.reuters.com
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