As it snaps up new contracts, Mitie shares soar as it prepares to buy back shares

FTSE 250 group posted record annual revenues and launched a share buyback. The stock gained 6.6% or 7.4p, to 119p, after the company posted record revenues. Mitie shares soar as it snaps up new contracts and launches share buy-back.

Mitie Group reveals fresh share buyback plan as revenues hit record high. Outsourcing giant expects to post record revenues for last year. Mitie plans to buy back £50m worth of shares as part of £100m share buyout plan. Company says it expects to see record revenues in 2015.