Mitie Group (LON:MTO) Hits New 12-Month High at $110.00

Mitie Group plc (LONMTO) is a leading provider of facilities management services in the United Kingdom and Ireland. The company operates in various sectors such as commercial, healthcare, education, and hospitality.

On August 19, 2021, Mitie Group announced that its share price had hit a new 12-month high of £84.75 ($110.00) on the London Stock Exchange (LSE). This was an increase of over 30% from its previous 12-month low of £62.90 ($81.00), which was reached in March 2020.

The company's strong performance can be attributed to several factors, including its resilience during the COVID-19 pandemic and its focus on innovation and sustainability. Mitie Group has implemented various measures to ensure the safety of its employees and customers during the pandemic, such as increased cleaning and disinfection protocols, social distancing measures, and the use of personal protective equipment (PPE).

In addition, Mitie Group has been investing in new technologies and initiatives to reduce its environmental impact and improve its operations. For example, the company has launched several energy-saving programs and is exploring the use of renewable energy sources such as solar and wind power.

Overall, Mitie Group's strong financial performance and focus on innovation and sustainability have contributed to its recent share price increase and position it as a leader in the facilities management industry.