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Pin to quick picksMarlowe Share News (MRL)

Share Price Information for Marlowe (MRL)

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Share Price: 582.00
Bid: 570.00
Ask: 588.00
Change: 0.00 (0.00%)
Spread: 18.00 (3.158%)
Open: 0.00
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Prev. Close: 582.00
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Marlowe blazes ahead with acquisitions

Mon, 12th Dec 2016 08:40

(ShareCast News) - Having completed four acquisitions in the first half and a further two post period end to expand its presence in both its fire and water divisions, Marlowe has announced plans to raise around £10m to support its continued acquisition-led growth. After merging with the new Marlowe Holdings guise of Lord Ashcroft's Shellshock cash shell in April, before beginning an acquisition spree.Swift, a fire and security systems company, formed the basis of a fire division, to which was added Fire Alarm Fabrication Services in May; before adding Hentland and Titan in the second half of the year. The company formed a water division through the acquisition of WCS, a provider of integrated water treatment, hygiene, testing and engineering services and H2O, a provider of integrated water treatment, hygiene and testing services.All acquisitions were said to be performing in line with expectations with encouraging momentum in cross-selling services between fire and water divisions, according to the board.The board said they felt that the group has the potential to expand due to its "well-developed and attractive" pipeline of opportunities.For the six months ended 30 September 2016 revenue was £17.7m compared to zero in the six months ended 31 March 2016. Profit before tax was £1.3m up from a loss of £0.1m.Chief executive Alex Dacre said: "We made good strategic and operational progress in the first six months of our first year of trading as Marlowe plc. We completed four acquisitions, and a further two since the period-end, providing us with a strong platform for growth in our initial target markets of fire protection, security systems and water treatment services."The integration of these acquisitions is proceeding to plan and we have a well-developed pipeline of attractive opportunities to add further scale to Marlowe as we implement our strategy of building a leading UK support services group in complementary areas of critical asset maintenance. The second half year has started well and we have revised our budget upwards to reflect recent trading and acquisitions. We are confident of making further progress through the second half of the year."The share price rose 6.55% to 309p at 09398 GMT on Monday.
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22 May 2024 14:28

Marlowe to pay special dividend after securing divestment approval

(Alliance News) - Marlowe PLC on Wednesday confirmed it will return GBP225 million through a special dividend and buyback after receiving regulatory approval for the sale of assets.

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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

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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18 Mar 2024 19:20

TRADING UPDATES: Chariot mulls future of Transitional Power business

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

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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 
DWF Group PLCGM re cash acquisition by Aquila Bidco Ltd
Northern Bear PLCAGM
RC365 Holding PLCAGM
Rockwood Strategic PLCAGM
Sure Ventures PLCAGM
Warehouse REIT PLCAGM
Wednesday 13 September 
BH Macro LtdAGM
Castelnau Group LtdAGM
Creightons PLCAGM
Eckoh PLCAGM
Glantus Holdings PLCEGM re takeover by Basware
Hornby PLCAGM
Marlowe PLCAGM
Worsley Investors LtdAGM
  
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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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