Ace Worldwide News Group 12:29 on November 21, 2016
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#AFN BRITAIN: Mitie outsourcing group healthcare shares fall 18% in early trading as a £128-million write-off drives it to £100m pre-tax loss for half-year as they decide to withdraw from healthcare market – @AceFinanceNews

#AceFinanceNews – Nov.21: 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.

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#AFN BRITAIN: Mitie outsourcing group healthcare shares fall 18% in early trading as a £128-million write-off drives it to £100m pre-tax loss for half-year as they decide to withdraw from healthcare market – @AceFinanceNews

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