ReutersReuters

UK's Mitie tops FTSE 250 index on robust profit forecast, share buyback restart

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**Shares of outsourcer Mitie MTO up 8.8% at 151.2p; top gainer on FTSE 250 index MCX, which is down 0.42%

** Co resumes buyback with 100 mln pound ($132.80 million) share repurchase programme

** Raises operating profit guidance to at least 260 million pounds in FY26 vs 234 million pounds in FY25

** Peel Hunt hikes FY26 EPS forecast by about 2%, and FY27 and FY28 forecast by 3% each

** YTD, MTO has risen about 37%, while FTMC has gained about 7%

($1 = 0.7530 pounds)

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