Company
Mears Group PLC
LON:MER
Mears Group PLC acts as a holding company. Its principal activities are the provision of a range of outsourced services to the public and private sectors. During the year ended December 31, 2007, the Company operated four business segments: Social Housing, Domiciliary Care, Mechanical and Electrical (M&E) and Vehicle Distribution. All of its activities are carried out within the United Kingdom. In April 2007, the Company acquired Careforce Group plc. In July 2007, three additional bolt-on Care acquisitions was completed. In September 2007, the Company acquired Social Housing contracts from Makers UK Limited. In July 2008, the Company disposed of UFD, its vehicle distribution division. In January 2009, the Company acquired 3C from Caley Ltd. Mears Group is traded in the ISDX Exchange HERE
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Here’s Proactive’s round-up of the day’s news with helpful links taking you our up-to-the-minute news analysis.
Business optimism to be tested again Thursday in latest CBI survey
Thursday looks to be quiet on the reporting front, both for companies and the macro level
Mears expects to swing to small full-year profit
The housing solutions provider posted losses both in the first half of 2020 and full-year 2019
Mears Group to sell TerraQuest business for up to £72mln
The deal strengthens Mears balance sheet and leaves the company's focus solely on core business.
Mears swings to loss, plans job cuts as restructuring continues
The housing and care provider expects a recovery in activity levels in the second half of the year as its core maintenance business returned towards normal levels
Mears moves to some emergency-only contracts during coronavirus lockdown
Housing management and extra-care activities have continued at normal levels
Mears updates on sale of Domiciliary Care operation as full-year expected to meet expectations
CEO David Miles said the disposal will help the firm focus on areas where it can deliver “superior returns for shareholders”
Mears earnings diluted by Mitie acquisition but order book provides confidence
Chief executive David Miles said he was satisfied with the progress made in the first half and confident of making further progress for the full year and over the longer-term
Mears reiterates 2019 guidance, forecasts slight reduction in net debt in first half
The firm said that in the first part of the year it had secured three regions of the asylum accommodation and support contract, issued by the Home Office
Mears bags £1bn asylum housing contract from UK government
The ten-year contract will see Sears manage thousands of houses occupied by asylum seekers who are waiting for their claims to be processed
Serco wins largest ever contract from UK government worth £1.9bn
The government is paying big bucks to Serco to manage 5,000 properties occupied by asylum seekers who are waiting for their claims to be processed
Mears names financial services veteran to replace Bob Holt as chairman from January 2
Holt, who has been chairman since 1996, announced in July that he would not seek re-election at the 2019 annual general meeting after a major shareholder attempted to oust him and appoint an alternative
Investments and investor services
Versarien agrees to joint-venture in China's Jinan innovation zone
A look at the day's rippers & kippers, including Centaur Media, Kromek Group, Active Energy, Haydale Graphene, Pipehawk, Mears Group, Rockfire Resources and Greatland Gold
Mears to raise £22.5mln in placing to fund Mitie social housing unit purchase
The support services firm said the £22.5mln acquisition would reinforce its market position, providing synergy benefits and a broader UK national coverage
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
Water Intelligence shares in positive territory after strong first half performance
A look at some of the top risers and fallers in London on Wednesday