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Pin to quick picksMarlowe Share News (MRL)

Share Price Information for Marlowe (MRL)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 434.00
Bid: 430.00
Ask: 438.00
Change: 2.00 (0.46%)
Spread: 8.00 (1.86%)
Open: 436.00
High: 436.00
Low: 433.00
Prev. Close: 431.00
MRL Live PriceLast checked at -

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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.

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18 Jun 2019 11:21

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22 May 2019 11:47

Marlowe Raises GBP13.3 Million Through First Placing To Repay Debt (ALLISS)

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21 May 2019 17:37

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30 Apr 2019 13:23

Tuesday broker round-up

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29 Apr 2019 09:40

Marlowe Guides For Annual Earnings To Beat Market Expectations

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29 Apr 2019 08:41

Marlowe's revenues propelled by eight acquisitions

(Sharecast News) - Marlowe on Monday reported "good progress" as it said its annual profits and revenues had both enjoyed significant growth in a year in which the business completed eight acquisitions.

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31 Jan 2019 11:56

Marlowe Expands Water Division With Purchase Of Atana For GBP3 Million

LONDON (Alliance News) - Marlowe PLC on Thursday said it has acquired Atana Ltd for GBP3.0 million to expand its Water division.The support services company said Atana provides wastewater a

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21 Jan 2019 11:23

Marlowe Sells Non-Core Assets From Suez Water Conditioning Purchase

LONDON (Alliance News) - Marlowe PLC said Monday it has sold some non-core assets for GBP2.3 million in cash, to be used for general corporate purposes.The assets comprise two contracts to

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16 Jan 2019 15:52

DIRECTOR DEALINGS: Marlowe Chief Executive Dacre Purchases Shares

LONDON (Alliance News) - Marlowe PLC said that Chief Executive Officer Alex Dacre purchased GBP48,762 in shares on Wednesday.Dacre bought 12,900 shares at a a price of 378 pence per this in

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21 Dec 2018 09:52

Marlowe acquires British auditing and consultancy service

(Sharecast News) - Support services group Marlowe acquired William Martin Compliance Solutions for an implied total enterprise value of £30m on Friday.

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4 Dec 2018 12:54

Acquisitions Help Marlowe Revenue And Profit Growth In First Half

LONDON (Alliance News) - Marlowe PLC on Tuesday said profit increased significantly in the first half of its current financial year, boosted by acquisitions.The support services company in

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Marlowe profits soar on new acquisitions

(Sharecast News) - Support services outfit Marlowe saw first-half profits rise in the six months leading to 30 September as a result of recent acquisitions giving a boost to revenues.

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23 Nov 2018 10:42

Marlowe secures new debt facility

(Sharecast News) - Support services group Marlowe has signed a new, enlarged revolving credit facility with HSBC and National Westminster Bank.

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