2013年8月15日星期四

MITIE appetite revealed

The service group, which counts the provision of cleaning services at the Scottish Parliament building at Holyrood amongst a string of high-profile contracts, said it was confident of posting more profit growth when it reveals interim results in November. 

Bristol-based MITIE said it had made a positive start since the beginning of its financial year in April, with 89% of revenues targeted for this financial year having already been secured.It stood ready to expand through acquisition where the right opportunities arose, with particular aspirations in the energy and healthcare sectors. 

New private-sector deals include a security tie-up with BAE Systems, a cinema cleaning contract at Cineworlds estate in the south of England, and management and project support at the head offices and manufacturing plant of breakfast cereals giant Kelloggs. 

It also hailed a 38 million deal to provide a full waste management and cleaning service to pub firm Mitchells & Butler, which has a string of pubs across Tayside and Fife including Broughty Ferrys Cambustay, the Glover Arms at Perth and Bridge of Allans Meadowpark among its operated brands.Public-sector efforts are focused on the justice, local authority and social housing markets. 

The financial year has started well and we have a growing order book as well as a strong pipeline of sales opportunities, the company said in a trading statement.We are positive about the range of outsourcing opportunities across our key markets, and confident that we will continue to build on our long track record of sustainable profitable growth. 

It added: Our strong balance sheet continues to provide us with capacity for the development of the business and for further value-creating acquisitions should they arise, particularly in niche markets within the healthcare and energy sectors.You benefit from buying oilpaintingreproduction ex-factory and directly from a LED manufacturer: 

Deals through the groups MiHomecare brand have included multi-million-pound contracts in Leicestershire, Worcestershire and Richmond-upon-Thames, while the firm will also be responsible for lighting Londons streets following a 6m deal with the Greater London Authority. 

It will also increase its contract cleaning operation on the London Underground, following a fresh three-year, 4m agreement with Transport for London.The group also announced the establishment of MITIE Local Services,We offer the biggest collection of old masters that can be turned into hand painted cleanersydney on canvas. a new contract cleaning business for SMEs based in the London area, and the rebranding of its existing waste management business as stand-alone company MITIE Waste & Environmental Services. 

The management team will take an equity stake in the business, motivating them to grow the business and share in its future success, MITIE said. 

When you buy a first home, you know the cost of your mortgage and property taxes before you move in. But the broader range of costs is unknown by most buyers, and so is the likely rate of increase on these costs from year to year. I created a Google spreadsheet to show the basic costs of owning C youll find a link to it in this column from back in May. Now, lets look at how these costs might increase from year to year. 

One way to estimate how much more youll spend is to look at the inflation rate, which was most recently pegged at 1.2 per cent on a year-over-year basis. Another is to look at how much more actual people are paying to run their homes and live their lives. A source of this data is Statistics Canadas survey of household spending, which looks at expenditures both major (food and home maintenance) and minor (pet food and spending on movies). The freshest numbers were issued earlier this year and they cover 2010 and 2011. 

To set the stage, average hourly wage increases have been running at about 2 per cent lately on a year-over-year basis. Youre ahead of the official inflation rate at that level, but what about the specific costs of owning a home? 

Total household expenditures were up 3.1 per cent in 2011, but spending didnt rise in all areas. For example, households spent 1.8 per cent less on food purchased at grocery stores, 2.7 per cent less on clothing and 2.2 per cent less on household cleaning supplies. In any given year, you will get some spending breaks as a homeowner. 

More often, costs will rise from year to year. In 2011, Canadian households paid more for most utilities, notably cellphone service and Internet. Spending on property taxes rose 2.7 per cent, while home maintenance and repair spending jumped almost 7 per cent and home insurance spending rose 5 per cent. After the flooding this summer in Alberta and Toronto, you can count on more big home insurance premium hikes in the year ahead. 

The survey of household spending represents the experience of just one year compared with another, but as a long-time homeowner I can tell you its on the money. So dont hesitate to use the 3-per-cent overall increase in total household spending from 2010 to 2011 as a guide on what to expect from here on. Note: Financial planners often use 3 per cent as a long-term estimate of inflation. No savvy planner would use the latest 1.2 per cent rate because it reflects the unusual financial conditions of the past few years. 

The most unpredictable factor in household spending is unfortunately the most important C mortgage costs. Check out whats happened as a result of the half-a-percentage-point increase in five-year fixed mortgage rates earlier this summer. On a house with a mortgage balance of $350,000, the rise in rates would have bumped up the cost of monthly payments by 5.5 per cent, if you assume a 5-per-cent down payment and a rise in mortgage rates to 3.39 per cent from 2.89 per cent. 

The average posted five-year mortgage rate over the past decade was about 6 per cent. You can cut that down to 4.25 to 4.Here's a complete list of granitecountertops for the beginning oil painter.5 per cent to factor in todays rate discounting trends, but youre still looking at a major cost increase over todays rates. On that $350,000 mortgage, the jump from 3.Today, Thereone.com, a reliable customkeychain online store, introduces its new arrival princess wedding dresses to customers.39 to 4.Design and order your own custom rfidtag with personalized message and artwork.25 per cent would increase payments by 9.4 per cent. 

Recent trends in pay increases suggest you shouldnt count on big pay increases to soak up the cost of higher mortgage rates and household costs down the road. This makes it imperative to buy less house than you can afford now, ideally much less. Cut yourself some slack.
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