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  2. Share Prices
  3. Michelmersh Brick Holdings Share Price
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  5. Michelmersh Says Full-Year Earnings To Rise On Belgian Acquisition

Pin to quick picksMichelmersh Brick Holdings Share News (MBH)

Michelmersh Brick Holdings Information

Share Price Information for Michelmersh Brick Holdings (MBH)

London Stock Exchange
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Share Price: 98.50
Bid: 98.00
Ask: 99.00
Change: 0.00 (0.00%)
Spread: 1.00 (1.02%)
Open: 98.50
High: 98.50
Low: 98.50
Prev. Close: 98.50
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Michelmersh Says Full-Year Earnings To Rise On Belgian Acquisition

Wed, 15th Jan 2020 09:20

(Alliance News) - Brick manufacturer Michelmersh Brick Holdings PLC on Wednesday said its 2019 earnings, which were boosted by a recent acquisition, will be in line with expectations.

Underlying revenue and profit for the year to December 31 will meet market expectations and, following a "strong cash performance" in the second half in particular, the company's net debt levels will be "better than market expectations".

In February 2019, the Sussex-based company acquired Belgian clay brick manufacturer Floren & Cie for up to EUR9.9 million, expanding its foothold in Europe and enhancing its full-year earnings.

Michelmersh shares were 2.0% lower at 126.00 pence each in London on Wednesday morning.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(An item published at 1100 GMT misstated the price of the transaction and total value of the sale due to a mistake by the issuer. The correct version follows.) LONDON (Alliance News) - Michelmersh Brick Holdings PLC said Friday that Chief Executive Martin Warner had sold 1 million shares at

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CORRECT: DIRECTOR DEALINGS: Michelmersh Brick CEO Sells 1 Million Shares To Meet Investor Demand

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