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Pin to quick picksMears Share News (MER)

Share Price Information for Mears (MER)

London Stock Exchange
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Share Price: 368.00
Bid: 369.00
Ask: 370.00
Change: 5.00 (1.38%)
Spread: 1.00 (0.271%)
Open: 367.00
High: 370.00
Low: 364.00
Prev. Close: 363.00
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IN BRIEF: Mears Sells Scotland Domiciliary Care For GBP2.5 Million

Mon, 28th Sep 2020 15:49

Mears Group PLC - housing sector services provider - completes exit from domiciliary care with the disposal of its Scotland Domiciliary Care business. Sale to Cera Care Operations Holdings Ltd, which also acquired Mears's England & Wales Domiciliary Care business, is for a cash consideration of GBP2.0 million payable on completion, and a further deferred consideration of GBP500,000 twelve months from completion. Proceeds from sale to reduce debt, says Mears. "The group previously completed the disposal of its England and Wales Domiciliary Care business in January 2020, and the disposal of SDC completes the exit of the group's Domiciliary Care services," Mears says.

Current stock price: 110 pence

Year-to-date change: down 63%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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29 Sep 2022 15:42

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Aug 2022 11:21

IN BRIEF: Mears buys housing energy efficiency data firm IRT Surveys

Mears Group PLC - housing and social care provider - Buys IRT Surveys Ltd for up to GBP4.1 million. Says IRT offers data-led services focussed on addressing fuel poverty, decarbonisation and energy efficiency, and has developed proprietary technology platform DREam. "DREam has been engineered to simplify and accelerate the domestic property retrofit journey, by assessing the energy performance of housing portfolios, optimising budgets and providing solutions on the most efficient way to complete retrofits, within the affordable housing sector," Mears notes.

Read more
4 Aug 2022 12:24

Mears interim profit trebles and ups full-year outlook

(Alliance News) - Mears Group PLC on Thursday reported improved revenue and a sharp rise in profit in the first half of 2022, leading the firm to up its full-year guidance.

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4 Aug 2022 10:56

SMALL-CAP WINNERS & LOSERS: Mears profit climbs, Secure Trust's slides

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4 Aug 2022 09:52

Mears lifts full-year outlook after strong first half

(Sharecast News) - Mears upgraded its full-year outlook on Thursday following a "strong" first-half performance.

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30 Jun 2022 14:32

IN BRIEF: Mears Group grows first-half revenue, backs annual outlook

Mears Group PLC - housing and social care provider - Says revenue levels in the first half of 2022 are ahead of the previous year, as operating margin improves. Notes "sustained higher levels" of management-led acitivity, and "excellent" cash generation. Reports earnings before interest, tax, depreciation and amortisation to operating cash conversion "in excess" of 100%, and an average daily net positive cash position throughout the six-month period. Reaffirms confidence in outlook for full-year. Firm brought in sales revenue of GBP443.7 million in the first half of 2021 and Ebitda of GBP38.6 million.

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30 Jun 2022 08:27

Mears witnesses 'robust trading' throughout H1

(Sharecast News) - Social care provider Mears Group said on Thursday that "positive trends and robust trading" seen during the first four months of the financial year had continued through the remainder of the first half.

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Mears trades ahead of expectations after 'strong' start to the year

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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31 Mar 2022 08:12

Mears swings to profit after 'strong' revenue recovery

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Mears wins new Residential Living Accommodation Project contract

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