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McCarthy & Stone PLC

MCS.L

Latest Trade

157.00GBp

Change

1.20(+0.77%)

Volume

2,082,829

Today's Range

154.40

 - 

157.50

52 Week Range

121.40

 - 

159.60

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Royal London Asset Management Discloses 5.7571% Stake In McCarthy & Stone

Oct 14 (Reuters) - McCarthy & Stone PLC <MCS.L>::ROYAL LONDON ASSET MANAGEMENT DISCLOSES 5.7571% STAKE AS OF OCT 11 VERSUS PRIOR STAKE OF 6.9286% IN MCCARTHY & STONE - FILING.

Mccarthy & Stone HY Profit Before Tax £3.6 Mln Versus £10.5 Mln

April 10 (Reuters) - McCarthy & Stone Plc <MCS.L>::HY REVENUE £280.5M VERSUS £239.6M.HY UNDERLYING PROFIT BEFORE TAX £18.9 MILLION VERSUS £11.5 MILLION.HY UNDERLYING OPERATING PROFIT INCREASED BY 47% TO £21M.HY PROFIT BEFORE TAX £3.6M VERSUS £10.5M.INTERIM DIVIDEND OF 1.9P PER SHARE (2018: 1.9P PER SHARE).FORWARD ORDER BOOK AS AT 5 APRIL 2019 CURRENTLY C.17% BEHIND PRIOR YEAR AT C.£485M.FY19 VOLUME OUT-TURN (14 MONTHS TO 31 OCTOBER) REMAINS IN LINE WITH BOARD'S EXPECTATIONS.GROUP REITERATES EXPECTED FY19 SAVINGS RANGE ANNOUNCED AS PART OF NEW STRATEGY AT GROSS PROFIT LEVEL.GROUP ACHIEVED 845 LEGAL COMPLETIONS DURING HALF YEAR (2018: 760).HY AVERAGE SELLING PRICE £319K VERSUS £298K.

Mccarthy & Stone Appoints Dual COOs

Dec 7 (Reuters) - McCarthy & Stone PLC <MCS.L>::APPOINTMENT OF CHIEF OPERATING OFFICERS.ANNOUNCE APPOINTMENTS TO BOARD OF NIGEL TURNER AND MIKE LLOYD AS DUAL CHIEF OPERATING OFFICERS.NIGEL TURNER AND MIKE LLOYD WILL JOIN BOARD ON 1 JANUARY 2019.

Mccarthy & Stone FY Underlying Operating Profit Decreased By 30 Pct To £68 Mln

Nov 13 (Reuters) - McCarthy & Stone PLC <MCS.L>::FULL YEAR RESULTS.FY REVENUE INCREASED BY 2% TO £672M (FY17: £661M).FY PROFIT BEFORE TAX DECREASED BY 37% TO £58M (FY17: £92M).FY UNDERLYING OPERATING PROFIT DECREASED BY 30% TO £68 MILLION.GROUP REITERATES EXPECTED FY19 SAVINGS RANGE ANNOUNCED AS PART OF NEW STRATEGY OF C.20-30% OF FY21 TARGETED P&L SAVING OF C.£40M.DIRECTORS ARE PROPOSING A FINAL DIVIDEND OF 3.5P PER SHARE.FY AVERAGE SELLING PRICE £300K VERSUS £273K.FY LEGAL COMPLETIONS 2,134 UNITS VERSUS 2,302 UNITS.

Mccarthy & Stone Responds To MHCLG’s Consultation On Ground Rents

Oct 22 (Reuters) - McCarthy & Stone PLC <MCS.L>::RESPONSE TO MHCLG’S CONSULTATION ON GROUND RENTS.NOTES ANNOUNCEMENT MHCLG REGARDING LATEST CONSULTATION ON LEASEHOLD REFORM & CAPPING GROUND RENTS FOR FUTURE NEW-BUILD HOUSING."PLEASED THAT MHCLG PROPOSING TO ALLOW EXEMPTION FOR RETIREMENT COMMUNITYSECTOR".

Mccarthy & Stone Pleased With MHCLG's Announcement On Allowing Exemption For Retirement Community

Oct 15 (Reuters) - McCarthy & Stone PLC <MCS.L>::NOTES ANNOUNCEMENT BY MHCLG REGARDING LATEST CONSULTATION ON LEASEHOLD REFORM, CAPPING GROUND RENTS FOR NEW-BUILD HOUSING.PLEASED THAT MHCLG PROPOSING TO ALLOW EXEMPTION FOR RETIREMENT COMMUNITY TO CONTINUE TO CHARGE GROUND RENTS AFTER CAPPED ELSEWHERE.

Mccarthy & Stone Names John Tonkiss As Permanent CEO

Sept 25 (Reuters) - McCarthy & Stone PLC <MCS.L>::DIRECTORATE CHANGE.ANNOUNCES APPOINTMENT OF JOHN TONKISS AS CHIEF EXECUTIVE OFFICER.JOHN TONKISS WILL TAKE ROLE AS CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT.JOHN HAS BEEN INTERIM CEO OF MCCARTHY & STONE SINCE 1 SEPTEMBER 2018.

Mccarthy & Stone Says Co Will Review Capital Allocation Policy On A Regular Basis

Sept 25 (Reuters) - McCarthy & Stone PLC <MCS.L>::FY19-FY23 BUSINESS TRANSFORMATION STRATEGY.2018 ORDINARY DIVIDEND TO BE CONSISTENT WITH PRIOR YEAR.BOARD WILL REVIEW CAPITAL ALLOCATION POLICY ON A REGULAR BASIS.2018 ORDINARY DIVIDEND TO BE CONSISTENT WITH PRIOR YEAR.GROUP WILL FOCUS ON REDUCING ITS CAPITAL EMPLOYED BY AT LEAST £70 MILLION BETWEEN FY18 AND FY21.TARGETS IMPROVEMENT IN OPERATING MARGINS TO MORE THAN 15 PCT BY FY21.

Mccarthy & Stone Sees Fy18 Operating Profit Of 65 Mln Stg To 80 Mln Stg

June 19 (Reuters) - McCarthy & Stone PLC <MCS.L>::GUIDING TO AN EXPECTED FY18 OPERATING PROFIT OF £65M TO £80M (FY17: £96M).GROUP'S FY FORWARD ORDER BOOK INCLUDING LEGAL COMPLETIONS CURRENTLY STANDS C. £67M AHEAD OF PRIOR YEAR AT £706M.FY INCENTIVES AND DISCOUNTS ARE ALSO EXPECTED TO REMAIN APPROXIMATELY IN LINE WITH RECENT PRIOR YEAR LEVELS.AT YEAR END, ANY DEBT IS LIKELY TO BE AT A LOW LEVEL AND WE ARE FORECASTING A FY18 TNAV OF C.£700M.GROUP BEGAN A REVIEW OF ITS STRATEGY IN APRIL LED BY CHAIRMAN, PAUL LESTER.MCCARTHY & STONE - STRATEGIC REVIEW WILL SEEK TO FOCUS ON IMPROVING MARGINS AND ROCE (TARGETING MID-TEENS ROCE OVER SHORT TO MEDIUM TERM).GROUP WILL PROVIDE A FURTHER UPDATE ON ACTIONS RESULTING FROM THIS STRATEGIC REVIEW IN SEPTEMBER.

Mccarthy & Stone Says Chief Executive Clive Fenton To Retire

June 19 (Reuters) - McCarthy & Stone PLC <MCS.L>::CHIEF EXECUTIVE CLIVE FENTON WILL RETIRE AND STEP DOWN FROM BOARD AT END OF THIS FINANCIAL YEAR ON 31 AUGUST 2018.BOARD HAS COMMENCED A SEARCH TO IDENTIFY CLIVE'S SUCCESSOR..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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