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Pin to quick picksMarlowe Share News (MRL)

Share Price Information for Marlowe (MRL)

London Stock Exchange
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Share Price: 508.00
Bid: 506.00
Ask: 510.00
Change: -2.00 (-0.39%)
Spread: 4.00 (0.791%)
Open: 510.00
High: 510.00
Low: 506.00
Prev. Close: 508.00
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AIM WINNERS & LOSERS: Restore rises as it rebuffs Marlowe approach

Thu, 22nd Jul 2021 10:49

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Restore PLC, up 13% at 475.00 pence, 12-month range 280p-500p. Marlowe approaches Restore over possible takeover worth 530p per share. Says this was second proposal made to Restore board over the last few weeks, and both were rejected. Says possible offer would consist of 71p in cash and the remainder in Marlowe shares. Restore confirms rejection of offer, noting first proposal was worth 515p per share. Says it concluded the initial approach undervalued firm and with a low cash element, was not in best interests of Restore shareholders. Adds: "As the second approach did not represent any material improvement to the original approach, the board unanimously rejected the second approach on 5 July 2021 on the same basis." Marlow has until August 19 to either announce a firm offer for Restore or walk away. Marlowe shares were 1.6% lower in mid-morning trade.

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Open Orphan PLC, up 11% at 24.04p, 12-month range 12.26p-48p. Notes editorial opinion piece on the UK government's Human Challenge Programme has been published in the latest edition of the New England Journal of Medicine. The programme, part of the government's vaccine taskforce, is a collaboration which includes Open Orphan subsidiary hVIVO. "We are delighted to see support for the Covid-19 Human Challenge Programme in a publication such as the New England Journal of Medicine," says Open Orphan Executive Chair Cathal Friel.

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AIM - LOSERS

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LoopUp Group PLC, down 18% at 51.55p, 12-month range 50.91p-250p. Expects revenue for first half of 2021 to be no less than GBP11.5 million, which would be 13% below management forecasts. While it has seen material acceleration in new customer wins in Cloud Telephony, it says Remote Meetings business continues to see customers move to "more cost-effective committed term subscription and minimum spend contracts", as well as "sustained intense" competition.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
30 Apr 2024 15:44

Berenberg slightly lowers target price on Marlowe

(Sharecast News) - Analysts at Berenberg slightly lowered their target price on business-critical services and software firm Marlowe from 720.0p to 710.0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".

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30 Apr 2024 09:46

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18 Mar 2024 08:07

Marlowe to return £150m to shareholders in H1

(Sharecast News) - Business service and regulatory software company Marlowe said on Monday that subject to completion, proposed returns of capital were expected to commence during the first half of its FY25 financial year, beginning 1 April.

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13 Mar 2024 07:35

RBC Capital starts Marlowe at 'outperform'

(Sharecast News) - RBC Capital Markets initiated coverage of Marlowe on Wednesday with an 'outperform' rating and 630p price target.

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22 Feb 2024 12:48

Marlowe shares shoot up after premium offer for software assets

(Alliance News) - Shares in Marlowe PLC jumped on Thursday, after the company accepted a lucrative offer for its software and services assets.

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22 Feb 2024 11:13

Marlowe sells software and service assets in £430m deal

(Sharecast News) - Business service and regulatory software company Marlowe announced a deal to divest specific governance, risk and compliance (GRC) software and service assets on Thursday.

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28 Nov 2023 10:34

Marlowe interim profit falls as costs increase faster than revenue

(Alliance News) - Marlowe PLC on Tuesday reported a decline in half-year profit due to costs but noted progress at its integration programmes.

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28 Nov 2023 07:21

Marlowe shares tank after H1 results show £9m loss

(Sharecast News) - Shares in Marlowe sank on Tuesday morning after the safety and compliance software group swung to a statutory loss of nearly £9m in the first half despite what it called a "resilient" performance.

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13 Sep 2023 10:56

Marlowe starts new financial year on strong footing

(Sharecast News) - Regulatory compliance software and service provider Marlowe said in a trading update on Wednesday that it had started its new financial year on a strong note, with trading performances aligning with its projections.

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13 Sep 2023 10:23

IN BRIEF: Marlowe eyes "high" annual single digit organic growth

Marlowe PLC - London-based software & service provider for safety and regulatory compliance - Company started the financial year 2024 that began on April 1 well, Chair Kevin Quinn says ahead of Marlowe's annual general meeting on Wednesday, adding that it continues to deliver "strong" strategic progress with high single digit organic revenue growth between April 1 and July 31.

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6 Sep 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 7 September 
Alpha Real Trust LtdAGM
Baillie Gifford UK Growth Trust PLCAGM
Chariot LtdAGM
Chaarat Gold Holdings LtdGM re sale of Chaarat Kapan
Currys PLCAGM
De La Rue PLCAGM
ECO Animal Health Group PLCAGM
Jet2 PLCAGM
LXI REIT PLCAGM
Monks Investment Trust PLCAGM
Montanaro European Smaller Cos Trust PLCAGM
Mulberry Group PLCAGM
PayPoint PLCAGM
Picton Property Income LtdAGM
Polar Capital Technology Trust PLCAGM
Powerhouse Energy Group PLCAGM
Semper Fortis Esports PLCAGM
Sivota PLCGM re directors' remuneration policy
Speedy Hire PLCAGM
Wise PLCAGM
XPS Pensions Group PLCAGM
Friday 8 September 
Berkeley Group Holdings PLCAGM
Byotrol PLCAGM
Gear4Music PLCAGM
JLEN Environmental Assets Group LtdAGM
Kenmare Resources PLCEGM re proposed tender offer
Mid Wynd International Investment Trust PLCAGM
SVM UK Emerging Fund PLCAGM
Monday 11 September 
SDCL Energy Efficiency Income Trust PLCAGM
Tuesday 12 September 
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Northern Bear PLCAGM
RC365 Holding PLCAGM
Rockwood Strategic PLCAGM
Sure Ventures PLCAGM
Warehouse REIT PLCAGM
Wednesday 13 September 
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Castelnau Group LtdAGM
Creightons PLCAGM
Eckoh PLCAGM
Glantus Holdings PLCEGM re takeover by Basware
Hornby PLCAGM
Marlowe PLCAGM
Worsley Investors LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Aug 2023 11:08

Marlowe quashes rumours around its testing business

(Sharecast News) - Business software and regulatory compliance specialist Marlowe responded to "ongoing speculation" in relation to its testing, inspection and certification business on Monday.

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26 Jul 2023 10:48

Marlowe buys ISO certification provider IMSM for GBP17.4 million

(Alliance News) - Marlowe PLC on Wednesday said it bought ISO certification and quality management provider IMSM Holdings Ltd and International Management Systems Marketing Ltd, together known as IMSM, for an expected enterprise value of GBP17.4 million.

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TRADING UPDATES: Andrada raises GBP7.7 million; Ixico signs contract

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

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