UK outsourcer Mitie cuts costs, says dividend unlikely
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(Reuters) - Mitie does not expect to pay a dividend this year if overall trading does not improve and has taken steps to cut some costs due to the coronavirus crisis, the British outsourcing firm said on Friday, while saying much of its business was still operating.Mitie said it had identified 25 million pounds in overhead cost savings and would be cutting board and executive pay for the next three months in response to the crisis.But it also listed business including a raft of essential..