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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Mitie doubles share buyback to £100m

(Sharecast News) - Facilities group and government contractor Mitie said it was doubling its share buyback programme, to £100m after good momentum in the first quarter of its fiscal year. Mitie has since April bought 21 million shares at a cost of £25m, and average price per share of 119p each.

Reporting by Frank Prenesti for Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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