Kalkine UK Daily Update: Wizz Air, Mitie, and Unite Report Movements on FTSE 350

June 05, 2025 04:58 PM AEST | By Team Kalkine Media

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Kalkine UK Daily Update: Wizz Air, Mitie, and Unite Report Movements on FTSE 350 — Image source: shutterstock

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Highlights

Wizz Air reported higher passenger volumes but faced fleet disruptions impacting

Mitie announced Marlowe acquisition while reporting higher revenues and a strong order book

Unite Group confirmed an uptick in quarterly rental income and occupancy growth

Budget airline Wizz Air, listed on the FTSE 250 index, released its full-year results indicating a significant rise in passenger volumes. The carrier experienced fleet groundings over the reporting period, which had a measurable impact on earnings. Despite this, operational performance reflected growth in passenger load and efficiency. The earnings per share metric surpassed market expectations, with management noting that the majority of the fleet-related issues have been addressed. The airline highlighted that it is positioned to return to a normalised service level, benefiting from recovered capacity and sustained demand in European markets.

Mitie Group (LON:MTO) – FTSE 250 – Business Services Sector

Support services provider Mitie Group, also listed on the FTSE 250, issued several announcements alongside its full-year financials. The company confirmed a strategic acquisition of Marlowe (LON:MRL) through a cash and shares agreement. This move comes as Mitie continues to strengthen its position within the compliance and facilities management domain. Full-year revenues were higher, accompanied by an expanding order book. Management also noted forward momentum supported by long-term contracts and operational efficiencies. A share buyback programme was temporarily suspended to allocate resources towards the acquisition. Margin improvement targets were shared for future periods, tied to ongoing integration and productivity initiatives.

Unite Group (LON:UTG) – FTSE 250 – Real Estate Sector

Student accommodation provider Unite Group, part of the FTSE 350, gave an update reflecting growth in rental income and occupancy rates. The real estate company noted continued demand for its properties across major university cities. Performance indicators highlighted increased leasing activity and a sustained trend in term-time occupancy. The management commented on the broader structural demand drivers in the student housing sector, citing constrained supply and robust application figures across higher education institutions. Development activity remains focused on strategic sites, with new projects planned for upcoming academic years.

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