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Mears Group PLC (MERG.L)

MERG.L on London Stock Exchange

255.00GBp
19 Jul 2019
Change (% chg)

-1.00 (-0.39%)
Prev Close
256.00
Open
258.00
Day's High
259.00
Day's Low
246.00
Volume
147,969
Avg. Vol
111,360
52-wk High
400.00
52-wk Low
219.06

Latest Key Developments (Source: Significant Developments)

Mears Sees FY Results In Line With Previous Guidance
Tuesday, 25 Jun 2019 02:01am EDT 

June 25 (Reuters) - Mears Group PLC ::PRE-CLOSE TRADING UPDATE.ANTICIPATED RESULTS FOR FINANCIAL YEAR TO 31 DECEMBER 2019 CONTINUE IN LINE WITH PREVIOUS GUIDANCE.EXPECTS TO REPORT SMALL REDUCTION IN AVERAGE DAILY NET DEBT IN H1 COMPARED WITH AVERAGE NET DEBT REPORTED FOR 2018 FINANCIAL YEAR.  Full Article

Mears Notes 20% Or More Votes Cast Against Approval Of Remuneration Report
Friday, 31 May 2019 08:10am EDT 

May 31 (Reuters) - Mears Group PLC ::NOTES THAT RESOLUTION CONCERNING APPROVAL OF THE REMUNERATION REPORT RECEIVED 20% OR MORE VOTES AGAINST THE BOARD'S RECOMMENDATION.BOARD RECOGNISES THAT A SMALL NUMBER OF SIGNIFICANT SHAREHOLDERS ARE DISSATISFIED WITH THE PERFORMANCE OF CO.WORKING TOWARDS APPOINTMENT OF TWO ADDITIONAL NON-EXECUTIVE DIRECTORS.INTENDS TO MAKE ONE NON-EXECUTIVE DIRECTOR APPOINTMENT BY END OF JUNE AND OTHER BEFORE SUMMER HOLIDAYS.  Full Article

UK Home Office Awards AASC Contracts To Serco, Mears & Clearsprings Ready Homes
Tuesday, 8 Jan 2019 01:14pm EST 

Jan 8 (Reuters) - Mears Group PLC ::UK HOME OFFICE - AWARDED AASC CONTRACTS TO SERCO, MEARS AND CLEARSPRINGS READY HOMES.  Full Article

Mears Wins Contracts Worth 1 Bln Stg to Provide Housing For Asylum Seekers In UK
Tuesday, 8 Jan 2019 07:09am EST 

Jan 8 (Reuters) - Mears Group PLC ::MEARS GRP PLC - HOME OFFICE AWARDS £1BN REVENUE CONTRACTS.MEARS GROUP PLC - CONTRACTS ARE ESTIMATED TO DELIVER REVENUES IN EXCESS OF £1 BILLION OVER THEIR 10 YEAR TERM.  Full Article

Mears Group Appoints Kieran Murphy As Chairman
Wednesday, 19 Dec 2018 02:00am EST 

Dec 19 (Reuters) - Mears Group PLC ::APPOINTMENT OF KIERAN MURPHY AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF COMPANY.RETIREMENT OF BOB HOLT FROM BOARD.BOTH OF THESE BOARD CHANGES WILL TAKE EFFECT FROM 2 JANUARY 2019.  Full Article

Mears Group Says FY Results Expected To Be In Line With Management Expectations
Wednesday, 20 Jun 2018 02:00am EDT 

June 20 (Reuters) - Mears Group PLC ::RESULTS FOR FULL YEAR ARE EXPECTED TO BE IN LINE WITH MANAGEMENT EXPECTATIONS.REVENUES IN HOUSING DIVISION HAVE STABILISED DURING FIRST HALF AS CLIENTS HAVE NOW COMPLETED ASSESSMENT OF THEIR HOUSING PORTFOLIOS.HOUSING DIVISION HAS SECURED NEW WORK, THROUGH A COMPETITIVE BIDDING PROCESS, OF CIRCA £70 MILLION.A REVIEW OF LOCAL OPERATIONS IS ALSO BEING UNDERTAKEN AND A FURTHER UPDATE WILL BE PROVIDED WITHIN INTERIM STATEMENT.  Full Article

Mears Group Posts FY Revenue 900.2 Mln Stg
Tuesday, 20 Mar 2018 03:01am EDT 

March 20 (Reuters) - Mears Group Plc ::FY REVENUE 900.2 MILLION STG VERSUS 940.1 MILLION STG YEAR AGO.TOTAL DIVIDEND UP 3 PERCENT TO 12 PENCEPER SHARE.FINAL DIVIDEND 8.55 PENCEPER SHARE.‍GROUP PROFIT BEFORE TAX AND BEFORE AMORTISATION OF ACQUISITION INTANGIBLES REDUCED TO £37.1M VERSUS £40.1M​.FY ‍ORDER BOOK AT £2.6 BILLION VERSUS £3.1 BILLION.  Full Article

Mears Group expects to see delays in planned works orders this year
Tuesday, 15 Aug 2017 02:00am EDT 

Aug 15 (Reuters) - Mears Group Plc :H1 REVENUE ROSE 1 PERCENT TO 470.8 MILLION STG.INTERIM DIVIDEND UP 5 PERCENT TO 3.45 PENCEPER SHARE.HY ADJUSTED PROFIT BEFORE TAX £18.3M VERSUS £18.2M YEAR AGO.RECENT TRAGIC EVENTS AT GRENFELL TOWER WILL IMPACT HOUSING DIVISION LATER THIS YEAR.EXPECT TO SEE DELAYS IN PLANNED WORKS ORDERS THIS YEAR.ANTICIPATE HOUSING REVENUES OF CIRCA £800M IN 2017 AGAINST AN ORIGINAL EXPECTATION OF CIRCA £830M WITH A RESULTING LOSS OF PROFIT AND LOWER OVERHEAD RECOVERY.DELAYS IN PROCUREMENT DECISIONS ARE EXPECTED TO BE TEMPORARY GIVEN CONTRACTUAL NATURE OF WORK AND HOUSING ORDER BOOK IS NOT AFFECTED.CASH GENERATION FOR FULL YEAR IS EXPECTED TO BE IN LINE WITH HISTORIC NORMS IN 90-100% RANGE.REMAINS CONFIDENT IN GROUP'S LONG-TERM PROSPECTS.  Full Article

UPDATE 1-Mears top shareholder seeks to place two nominees to board

May 3 Mears Group said on Friday top shareholder PrimeStone Capital has called on the company to add two of its nominees as non-executive board members, a month after the social housing provider's shares slumped after disappointing results.