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
Company
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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Hardware & electrical equipment
Shares in the home safety product supplier jumped a fifth on the back of the Mears tie-up
"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."
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“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"
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"The board has concluded it needs to retain an additional £50mln of capital and hence the group will not pay a special dividend"
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