Outsourcing firm Mitie has disappointed markets again, issuing a second profit warning in the year citing difficult market conditions and rising staff costs. The firm experienced a £100million loss in the half-year results, down from a profit of £45million in the same period last year. The company will be putting its healthcare unit ‘under strategic review’, and will be withdrawing from the home healthcare market, a sign that the company has identified the troublesome markets. The good news for Mitie is that the firm has won some big contracts with the likes of Network Rail and Scottish Police Authority. Ruby McGregor-Smith, CEO of Mitie said “The first half of this year has been difficult. Second half performance is expected to improve with our new operating model as we adapt to market conditions." Ms McGregor-Smith will be leaving Mitie at the end of 2016 after ten years at the helm.

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