Mears Group plc

MER

GB0005630420

Business Support Services

Market Closed - London S.E. Other stock markets 11:35:13 2024-04-26 am EDT			5-day change	1st Jan Change
355 ^GBX	+1.43%		-1.93%	+14.52%

Apr. 19	Mears Group completes GBP20 million share buyback	AN
Apr. 11	Mears Group ups dividend after cracking the GBP1 billion revenue mark	AN

Mears says profit to exceed expectations

June 16, 2023 at 04:50 am EDT

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Mears Group PLC, up 5.3% pence, 12-month range 253p-282.42p. The housing and social care provider says it has seen strong trading in the first five months of its financial year, with "continued elevated revenues, improving operating margins and excellent cash performance". As a result of this "continued strong momentum", the board expects full year profits to be materially ahead of current market expectations. It didn't specify what these were.

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AO World PLC, up 3.9% at 83.99p, 12-month range 67.45p-84.95p. Frasers Group PLC, the owner of the House of Fraser, Sports Direct and Flannels retail chains, increases its stake in the online electricals retailer to 21% on Thursday, from 19% previously. Frasers last week Friday bought a 19% stake, from none before. Frasers earlier this week said the initial investment was the "culmination of productive talks over the last two years about establishing a strategic partnership".

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SMALL-CAP - LOSERS

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Anglo-Eastern Plantations PLC, down 7.6% at 730.18p, 12-month range 714p-820p. The producer of palm oil and rubber across Indonesia and Malaysia reports a lower production of fresh fruit bunches, producing 420,300 metric tonnes of fresh fruit bunches in the five months to May 31, down 5.3% from 443,800mt a year before. In addition, it notes the decline in the price of crude palm oil due to lower demand caused by competition from sunflower and canola oil. Says average crude palm oil ex-Rotterdam price as at May 31 plummeted 39% to USD1,006 per metric tonne from USD1,650 a year ago. It declined further to USD890 as at June 2, down 16% from the end of May price. Warns crude palm oil prices are likely to fall further as production rises in the second half of the year.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
FRASERS GROUP PLC	796 GBX	+0.70%	+1.47%	4.29B
ANGLO-EASTERN PLANTATIONS PLC	762 GBX	+0.26%	+5.25%	375M
CRUDE PALM OIL	741 USD	+0.07%	-2.25%	-
MEARS GROUP PLC	355 GBX	+1.43%	-1.93%	416M
AO WORLD PLC	106 GBX	+1.15%	+3.52%	761M
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-

Latest news about Mears Group plc

Mears Group completes GBP20 million share buyback	Apr. 19	AN
Mears Group ups dividend after cracking the GBP1 billion revenue mark	Apr. 11	AN
Mears Group ups dividend on higher profit	Apr. 11	AN
Mears Group plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 11	CI
Mears Group plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable on 16 July 2024	Apr. 11	CI
Synectics shares rise as appoints Bob Holt as chair	Apr. 09	AN
FTSE 100 Ends Tuesday Down on U.S. Weakness, Interest Rate Uncertainty	Feb. 20	DJ
Mears approve further GBP20 million share buyback programme	Feb. 20	AN
Mears Group plc commences an Equity Buyback Plan for 10,156,470 shares, representing 10% of its issued share capital, under the authorization approved on February 12, 2024.	Feb. 20	CI
Mears Group plc's Equity Buyback announced on October 3, 2023, has expired.	Feb. 11	CI
FTSE 100 Closed Down 1% as Banking Sector Lags Market	Jan. 11	DJ
Stocks lower on hotter-than-expected US inflation	Jan. 11	AN
Mears shares rise as set to exceed market forecasts for 2023 and 2024	Jan. 11	AN
Mears to outperform market expectations	Jan. 11	AN
Mears Group CEO Steps Down	Jan. 02	MT
Mears Group completes buyback of 4.9 million shares	Dec. 22	AN
Britain's Mears Group Finalizes Share Buyback	Dec. 22	MT
Mears names chief executive officer, effective from new year	Dec. 14	AN
Mears Group's New CEO to Take Office in January 2024	Dec. 14	MT
Mears Group plc Announces CEO Changes	Dec. 14	CI
Mears Group plc Announces Directorate Changes	Dec. 14	CI
System1 revenue jumps; Volex takes cyber hack charge	23-10-24	AN
Mears Group share premium account cancellation all but done	23-10-10	AN
Mears Group launches additional GBP15 million share buyback	23-10-03	AN
Mears Group plc commences an Equity Buyback Plan for 11,103,647 shares, representing 10.08% of its issued share capital, under the authorization approved on June 23, 2023.	23-10-03	CI

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Company Profile

Mears Group PLC is a United Kingdom-based provider of housing solutions for both the public and private sectors. The Company operates through three segments: Maintenance, Management, and Development. The Company offers a range of services, including Housing Maintenance, Housing with Care, Housing Management, House Building, Planned maintenance, Capital Works and Facilities Management. Housing maintenance includes repairs, refurbishment, fire safety and building maintenance services. Housing with Care services provides a range of schemes, including small buildings with a few properties and large sites. Housing Management service is specialized in community housing management services, including looking after tenancy, lease management and property maintenance. Planned maintenance includes jobs, such as installing central heating, fitting double glazing, kitchen and bathroom improvements, re-wiring, re-roofing, annual boiler and heating servicing.

Sector

Business Support Services

Calendar

2024-06-12 - Annual General Meeting

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