Mitie Group (LON:MTO) shares had a volatile start to the day on Wednesday, after the UK authorities said they were ceasing their investigation into the group.
Shares rose at market open, before sinking right down below their opening level in the news that the Financial Conduct Authority would no longer be investigating the company’s disclosure practices.
The investigation began last August, when it announced it would be looking into the company’s manner of preparation and content of their financial results. This was alongside the ‘timeliness’ of a profit warning announced in September, 2016.
However, in a statement on Wednesday Mitie said:
“On 26 June 2018, the FCA advised the company that it was discontinuing its investigation into the company”.,
Shares are currently trading down 0.28 percent at 158.56 (0936GMT).
