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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FTSE 100 closes in the green as US celebrates Thanksgiving
The UK blue chip index on course for its fourth rise in a row with Wall Street closed for Thanksgiving
FIVE at FIVE: Making sense of OPEC, the Footsie and SPACs – and how Horizonte sewed up a near half a billion pound financing
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
Hardware & electrical equipment
FireAngel shares soar on Mears social housing deal
Shares in the home safety product supplier jumped a fifth on the back of the Mears tie-up
Mears Group sees housing division's revenues stabilise
"Mears has delivered a solid performance in the first half of 2018. The board is confident of making further progress for the full year, in line with its expectations, and for the long-term."
FTSE 100 closes in the red as miners weigh and wage growth disappoints
The blue-chip index of leading shares closed down almost 31 points at 7,611
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Will latest UK employment, average earnings data justify recent Bank of England interest rate rise?
Aside from the UK data, the Day Ahead includes first-half numbers from blue-chip miner Antofagasta and from mid-cap insurer esure - which revealed a surprise bid approach on Monday
Archive
Heatwave should provide a lift for BBQ and garden products at retailer Kingfisher
Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
Investments and investor services
Fusion Antibodies, Cap-XX and Best of the Best among key small cap movers
A look at some of the biggest risers and fallers in London.
Mears shares edge higher as it reaffirms full year guidance
Mears said it continues to make “solid progress” in its two core divisions
Mears revenues fall after Grenfell Tower disaster but outlook positive
The Grenfell Tower fire caused delays to the timing of the company's planned workloads, sending housing revenues lower
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
Archive
UK inflation data could provide signpost to upcoming Bank of England rate hikes
Day ahead includes February UK inflation numbers, plus results from housebuilder Bellway PLC, online grocer Ocado PLC, and oil services firm John Wood Group PLC
Mears Group shares fall as housing business continues to soften
“I do not wish to gloss over our 2017 performance and I understand the importance of delivering against our financial targets in the short term"
Mears warns on profits in wake of Grenfell Tower
The social housing and care specialist lowered revenue guidance for the year as a result of disruption caused by the reaction to the Grenfell Tower fire
Archive
Hargreaves Lansdown looking to recover from capital punishment
"The board has concluded it needs to retain an additional £50mln of capital and hence the group will not pay a special dividend"
Archive
UK economic health eyed from inflation, jobless numbers; Kingfisher updates on trading
Week ahead includes UK inflation, unemployment, average earnings data; trading update from Kingflsher PLC, interims from Hargreaves Lansdown PLC, Admiral PLC ...
Archive
Storm brewing outside, but Hurricane Energy shareholders should be snug and happy at its annual meeting
Day ahead: Hurricane Energy AGM; full-year results from Ramsdens Holdings, RPC Group, Workspace Group
Mears in hairy predicament with union after banning workers from having beards
Mears has defended criticism from the Unite union over its decision to ban workers from having beards
Archive
Mitie shares plunge as it feels cold wind of cuts
Support services group warns on profits as trading worsens
Risers & Fallers: Carr's Group, Distil, Equatorial Palm, Mears, Plus 500, Proxama
Dr Sam Malafeh, the new deputy chief executive officer of AEC Education, has subscribed for £200,000 of shares at 5p each.
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact
Wednesday's agenda: Sainsbury's next in the queue
Tuesday's data from Kantar Worldpanel suggests Sainsbury's had a good Christmas
Week Ahead: Supermarket sweep
The twin perils of food deflation and the hard discounters continue to threaten the supermarkets, while the warmish weather has caught firms on the hop