Mitie to redecorate London borough

Mitie, the FTSE 250 outsourcing company, has been awarded a 30m pound contract to redecorate homes across Hammersmith and Fulham borough in London.

Mitie, the FTSE 250 outsourcing company, has been awarded a 30m pound contract to redecorate homes across Hammersmith and Fulham borough in London.

The firm's painting business will deliver a borough-wide maintenance programme over three years at £10m per annum.

The works, which begin in March 2013, include external and communal decorative repairs and redecorations for over 7,500 council-owned homes.

The contract covers maintenance of the external fabric and fixtures of the buildings, such as windows, doors, roofs, walkways, external walls and cladding.

Works to communal areas also include the testing and repair or replacement of electrical installations.

Mitie said residents would benefit from a well-maintained and refreshed environment in which to live, work and play.

The company added that it would work with the council to create local employment opportunities, including hiring up to 10 apprentices and two resident liaison officers.

The firm's shares were up 1.2% to 274.7 shortly after the announcement.

Recommended

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Government plans could see NS&I boost interest rates
Savings

Government plans could see NS&I boost interest rates

The government-backed bank has a new funding target, which could prompt it to boost the rates on its Premium Bonds, ISAs and bonds.
16 Mar 2023
Share tips of the week – 17 March
Investments

Share tips of the week – 17 March

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages
10 Mar 2023
How to make your child a tax-free millionaire by age 37
Investments

How to make your child a tax-free millionaire by age 37

Exclusive research for MoneyWeek reveals how funding an ISA and a pension for your child until age 18 could build up a seven-figure sum by the time th…
14 Mar 2023