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HomeServe PLC (HSV.L)

HSV.L on London Stock Exchange

764.50GBp
14 Dec 2017
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473,367
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Latest Key Developments (Source: Significant Developments)

AA Says To Sell Home Emergency Services Policy Book To Homeserve​
Wednesday, 29 Nov 2017 06:04am EST 

Nov 29 (Reuters) - AA Plc ::‍IT HAS AGREED TO SELL AA'S HOME EMERGENCY SERVICES POLICY BOOK TO HOMESERVE​.‍HOMESERVE WILL ACQUIRE APPROXIMATELY 70,000 CONSUMER POLICIES WHO WILL MIGRATE FROM MAY 2018​.‍TRANSACTION IS EXPECTED TO COMPLETE EARLY IN 2018​.‍HOMESERVE WILL OPERATE BUSINESS UNDER AA BRAND FOR NEXT THREE YEARS​.‍ON COMPLETION, APPROXIMATELY 70 PLUMBING AND GAS ENGINEERS WILL TRANSFER TO HOMESERVE​.  Full Article

Homeserve posts HY adjusted profit before tax of 29.0 mln stg
Tuesday, 21 Nov 2017 02:00am EST 

Nov 21 (Reuters) - HOMESERVE PLC ::H1 REVENUE ROSE 16 PERCENT TO 366 MILLION STG.INTERIM DIVIDEND UP 15 PERCENT TO 4.7 PENCEPER SHARE.HY ‍REVENUE 366.0 MILLION STG VERSUS 314.3 MILLION STG YEAR AGO​.HY ‍INTERIM DIVIDEND UP 15% TO 4.7P​.HY ‍ADJUSTED PROFIT BEFORE TAX OF 29.0 MILLION STG VERSUS 28.7 MILLION STG YEAR AGO​.  Full Article

Homeserve buys U.S. home services company, funded by placing
Thursday, 19 Oct 2017 02:00am EDT 

Oct 19 (Reuters) - Homeserve Plc :Half year revenue rose 17 percent to 366 million stg.‍entered into an agreement to acquire certain of trade and assets of home assistance cover business of dominion products and services​.‍transaction will accelerate growth of homeserve's north american business and has an enterprise value of us$143 million​.‍has today separately announced its intention to raise up to £125 million by way of a cash placing, equivalent of approximately 5% of issued share capital​.‍had a good first six months and remains on track to deliver further strong growth in fy 2018​.  Full Article

Homeserve completes acquisition of Help-Link UK Limited
Wednesday, 2 Aug 2017 06:16am EDT 

Aug 2 (Reuters) - HOMESERVE PLC ::CONFIRMS THAT ITS ACQUISITION OF HELP-LINK UK LIMITED, ANNOUNCED ON 1 AUGUST 2017, IS NOW COMPLETE.  Full Article

Homeserve says trading for April 1 to July 20 in line with expectation​
Friday, 21 Jul 2017 02:00am EDT 

July 21 (Reuters) - Homeserve Plc ::‍Trading for April 1 to July 20, 2017 was in line with expectation​.‍FY18 trading expected to be more significantly weighted towards second half​.North America remains strong with 2.5 million new households added during April 1 to July 20, 2017​.‍UK business is performing as anticipated during April 1 to July 20, 2017​.‍says performance in France, Spain and Italy is also on track, with all three businesses focused on developing new and existing partnerships​.  Full Article

Homeserve posts FY adjusted pre-tax profit 112.4 mln stg
Tuesday, 23 May 2017 02:16am EDT 

May 23 (Reuters) - Homeserve Plc ::FY revenue £785.0m versus £633.2m year ago.FY adjusted profit before tax £112.4m versus £93m year ago.FY EBITDA £154.2m versus £122.7m year ago.Net debt at 31 March 2017 was £261.4m.Says board is proposing to increase final dividend to 11.2p per share (FY16: 8.9p) to be paid on 3 August 2017.Expects further strong growth in FY18.Expects to deliver around $15m EBITDA this coming year.  Full Article

Homeserve appoints Tom Rusin as executive director
Tuesday, 23 May 2017 02:02am EDT 

May 23 (Reuters) - Homeserve Plc ::Tom Rusin has been appointed as an executive director.  Full Article

Homeserve sees FY results at upper end of market expectations
Thursday, 6 Apr 2017 02:17am EDT 

Homeserve Plc : Expects to report results at upper end of market expectations 1 for year to March 31, 2017 . UK business has had another good year with customer growth of 1 pct . Rapid progress in USA with 50 mln affinity partner households and 3 mln customers at year end . In USA, we ended financial year with 3 mln customers, representing another significant milestone and up 28 pct compared to FY16 . UK retention remains strong at 80 pct and continue to see high income per customer .Anticipate income per customer in UK increasing further next year as customers purchase more comprehensive cover, receive benefits of more usage.  Full Article

Homeserve says trading in-line with expectations
Friday, 15 Jul 2016 02:15am EDT 

Homeserve Plc : Trading update . Trading in line with expectations and co expects to deliver good growth in year ending 31 March 2017 . Says our businesses in France, Spain and Italy are performing in line with management expectations .UK business is performing as anticipated and during July signed a new affinity partnership with Dee Valley Water.  Full Article

Homeserve says continues to trade in line with guidance
Wednesday, 29 Jun 2016 02:00am EDT 

Homeserve Plc : Trading statement . Have signed five new affinity partnerships, adding a total of 0.8 mln households. . Expect acquisition of utility service partners (USP) to complete following normal course regulatory approvals. . In long term we would anticipate having access to around 80 mln households in U.S. via affinity relationships and a net income per customer in order of $100. . Maintain our long term expectation of achieving a 20 pct margin in our U.S. business, which would be achievable today if we scaled back investment in growth. .Confirms that it continues to trade in line with guidance provided in its preliminary results announcement on May 24 2016..  Full Article

GMB union seeks talks with AA on debt pile

LONDON, Dec 1 GMB, the union for staff at British motoring group AA, said it was seeking talks with the company's new management over AA's 2.7 billion pound ($3.65 billion) debt burden.