Mitie in partnership with Lloyds Banking
Outsourcing and energy services company Mitie has agreed a partnership to deliver facilities management services for Lloyds Banking Group.
Outsourcing and energy services company Mitie has agreed a partnership to deliver facilities management services for Lloyds Banking Group.
The contract, which has been signed for a five-year term, has a possible one-year extension period, with an expected value of around £155m per annum.
Mitie will provide a range of facilities management services across the bank's entire UK branch and office estate.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Mitie Chief Executive Ruby McGregor-Smith said: "This partnership will deliver a new style of facilities outsourcing in the UK. It will be one of the biggest private sector facilities management contracts of its type and is a great example of two organisations working collaboratively.
The share price of Mitie rose 0.24% to 293p by 13:46.
NR
-
Lloyds, Halifax and Bank of Scotland to shut another 45 branches
Lloyds Banking Group, which includes Halifax and Bank of Scotland, is set to close a further 45 branches in 2024 - find out if a branch near you is closing.
By Vaishali Varu Published
-
US stock trading app Robinhood launches in the UK
The low-cost trading platform has opened another waiting list for British investors - following two failed attempts to launch in this country - and is hoping to be fully operational next year.
By Ruth Emery Published