|Bid||2.7900 x 183600|
|Ask||2.8500 x 179200|
|Day's Range||2.8300 - 2.8300|
|52 Week Range||2.6000 - 4.4000|
|Beta (3Y Monthly)||0.03|
|PE Ratio (TTM)||26.95|
|Forward Dividend & Yield||0.20 (6.83%)|
|1y Target Est||N/A|
(Reuters) - Britain's Mears Group said on Friday its largest shareholder has called on the company to add two of its nominees as non-executive board members, and has put up the proposals for vote at the ...
Revenue for 2018 was hit by subdued demand for housing and social care services, businesses that Mears has focussed on while moving away from its roots in contracting. Mears said it would reallocate capital to areas that deliver financial returns or use it to cut debt, after reporting its average net debt for the year was 113.2 million pounds, missing a target it had set of 110 million pounds. Shares in Mears, which fell more than 20 percent in 2018, were 8.6 percent lower at 265 pence at 1043 GMT.
Valued at 1.9 billion pounds for Serco and 1 billion pounds for Mears, the 10-year contracts were awarded by Britain's Home Office Visas and Immigration department under the Asylum Accommodation and Support Services Contract (AASC). Shares in Serco were up 6.5 percent at 108.8 pence at 1253 GMT on Tuesday, while Mears rose 6.2 percent to 360 pence on news of the new contracts, which sources told Reuters last month had attracted few private sector bids.
(Reuters) - Mears Group (MERG.L) named a new chairman on Wednesday, days after a top investor threatened to call a fresh shareholder vote if the British social housing provider failed to replace current ...
Activist investor Shareholder Value Management has called on Mears Group (MERG.L) to move swiftly to appoint a new chairman or it will call a fresh extraordinary general meeting, a letter to the company seen by Reuters showed. The move is the latest in a long-running attempt by the German-based fund, Mears Group's third-biggest investor, to push through a board change at the social housing maintenance and repair services provider. SVM then called an EGM to try and get its candidate, Andy Hogarth, elected to the board.