Mears Share News (MER)

IN BRIEF: Mears Group completes GBP20 million share buyback

Mears Group PLC - Gloucester-based housing maintenance and social housing provider - Completes GBP20 million share buyback programme announced in February. Buys back and cancels 5.6 million share, 5.5% of its total prior to the buyback. It pays an average of 358.7 pence per share.

Mears Group ups dividend after cracking the GBP1 billion revenue mark

(Alliance News) - Mears Group PLC on Thursday said it has achieved record financial results in 2023 thanks to a significant jump in its management-led revenue, and hopes to carry forward this "strong trading momentum" into 2024.

Mears FY profits up more than a third

(Sharecast News) - Housing services business Mears Group stated both revenue and profits improved in 2023 and said it expects to deliver another "strong" in FY24.

SMALL-CAP WINNERS & LOSERS: Mears Group ups dividend on higher profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

IN BRIEF: Synectics shares rise as appoints Bob Holt as chair

Synectics PLC - Sheffield, England-based security and surveillance systems company - Appoints Bob Holt as chair, effective after annual general meeting on April 24. He will replace outgoing Chair Steve Coggins, who has been interim chair since October. Holt has experience as a director at several companies, including Revolution Beauty Group PLC and Mears Group PLC, the latter of which he guided through its initial public offering on London's AIM market in 1996, back then as chair of Mears.

IN BRIEF: Mears approve further GBP20 million share buyback programme

Mears Group PLC - Gloucester, England-based housing and social care provider - Board approves a third share buyback programme of up to GBP20 million, following two programmes in 2023 which saw the accumulative purchase and cancellation of 12.2 million shares at an average price of 272.7 pence each. This was worth a total GBP33.2 million and represented around 11% of shares at the start of 2023. Says the purpose of the third programme is to return additional surplus capital to shareholders and to further reduce the group's share capital.

UK shareholder meetings calendar - next 7 days

LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation

(Alliance News) - Stock prices in London closed lower on Thursday, after US rate cut expectations suffered a setback following some hotter-than-expected inflation data.

Mears Group upgrades expectations after strong 2023

(Sharecast News) - Mears Group said in a full-year trading update on Thursday that through the second half of 2023, it maintained its strong financial performance, surpassing market expectations.

Mears shares rise as set to exceed market forecasts for 2023 and 2024

(Alliance News) - Mears Group PLC on Thursday said it expects its 2023 results to beat market expectations.

SMALL-CAP WINNERS & LOSERS: Mears to outperform market expectations

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

IN BRIEF: Mears Group completes buyback of 4.9 million shares

Mears Group PLC - Gloucester, England-based housing and social care provider - Completes second share buyback programme, over the course of which it purchased and cancelled 4.9 million shares at an average price of 270.9 pence, representing around 4.7% of the group's issued share capital. When combined with the first buyback programme, Mears has purchased and cancelled 12.2 million shares at an average price of 272.7p, representing 11% of the its share capital at the start of the year, a return of surplus capital of GBP33.2 million.

IN BRIEF: Mears names chief executive officer, effective from new year

Mears Group PLC - Gloucester, England-based housing and social care provider - Names Lucas Critchley as new chief executive officer from January. Says this complete board transition beginning in May 2022, when incumbent CEO David Miles signalled his intention to retire. Miles will now formally step down at the end of December. Says Miles will "remain a key member of the senior management team and has committed to continue to provide support to the business over the medium term with particular focus on key client engagement, operational support and driving commercial performance".

TRADING UPDATES: System1 revenue jumps; Volex takes cyber hack charge

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK dividends calendar - next 7 days