London midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreMears denies pressure on social housing business
28th Jun 2010 10:38
Social housing group Mears reiterated that it is continuing to deliver strong trading across all divisions and is not experiencing any downward pressure on spend in its social housing business. Today's announcement followed a brief statement made after the closed on Friday saying it has not experie
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 09:53
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0853 GMT [Dow Jones] Panmure Gordon downgrades Mears Group (MER.LN) to hold from buy and cuts price target to 230p from 330p.
Read moreMARKET TALK: Panmure Downgrades Mears To Hold From Buy
28th Jun 2010 09:53
0853 GMT [Dow Jones] Panmure Gordon downgrades Mears Group (MER.LN) to hold from buy and cuts price target to 230p from 330p. Notes the company has issued two statements since Connaught's (CNT.LN) profit warning, stating that trading is strong across all divisions and in line with management expecta
Read moreMears: Trading Strong Despite UK Government Spending Cuts
28th Jun 2010 08:57
LONDON (Dow Jones)--Social housing repairs and maintenance company Mears Group PLC (MER.LN) Monday reported continuing strong trading across all divisions despite the U.K. coalition government's recent spending cuts in its maiden Budget, and said it isn't experiencing any pressure on spending in soc
Read moreMears Group: No Delays Resulting From UK Budget, Trading In Line
25th Jun 2010 17:25
LONDON (Dow Jones)--Mears Group PLC (MER.LN) said Friday it has not experienced such delays as a result of the Emergency Budget, and current trading remains in line with management expectations. MAIN FACTS: -Continuing to deliver strong trading across all divisions -Order book currently
Read moreMears Grp Plc Statement Re Price Movement
25th Jun 2010 17:22
TIDMMER RNS Number : 2975O Mears Group PLC 25 June 2010 ? 25 June 2010 Mears Group PLC ("Mears" or "the Group") Statement re Price Movement Mears notes the announcement made by Connaught regarding the delay
Read moreConnaught slides after Budget warning
25th Jun 2010 16:20
Shares in Connaught slumped after the social housing firm lowered its estimates for this year and next year because of the emergency budget. The group said it has identified 31 contracts within its social housing division where a proportion of the value relating to capital expenditure has been defe
Read moreSmall caps round-up: Mears, ITM, Matra...
9th Jun 2010 07:26
Social housing group Mears will repeat last month's interim management statement at its AGM today, highlighting continued strong trading across the business. "Mears is well positioned to benefit from an active contract bidding market and remains confident in the prospects for the future growth of t
Read moreMears Group: Trading Remains Strong Across All Divisions
9th Jun 2010 07:15
LONDON (Dow Jones)--Mears Group PLC (MER.LN) said Wednesday that trading across all its divisions remains strong and integration of the Supporta acquisition is well advanced. MAIN FACTS: -The order book currently stands at GBP2.5 billion with secured revenues of 91% of consensus forecast for
Read moreMearsconfident as trading stays strong
11th May 2010 13:48
Social housing group Mears said it has seen strong trading across its divisions so far this year. It has won more than £500m of new contract awards for social housing and has a bid pipeline in excess of £3bn, it says. The company has an order book of £2.5bn, with secured revenues of 91% of consen
Read moreSocial Housing unit boosts Mears
9th Mar 2010 14:08
Social housing maintenance specialist Mears increased its dividend by 20% to 5.70p per share and said demand for its services continues to be very strong. Pre-tax profit in the year to 31 December rose to £18.38m compared with £16.58m last time. Revenue grew 11% to £470.1m (2008: £420.4m). The Soci
Read moreBroker tips: Antofagasta, Tullett Prebon, Mears
9th Mar 2010 13:09
Shares in Chilean copper miner Antofagasta dipped on Tuesday after the earnings came in a tad below consensus and the dividend disappointed, but the company remains the 'best copper pure play stock' on the London Stock Exchange, according to Ambrian. 'The dividend being set at US¢23.4 vs. consensus
Read moreBroker snap: Brokers queue up to praise Mears
9th Mar 2010 13:07
Results from social housing maintenance specialist Mears held few surprises, according to KBC Peel Hunt, but 'the outlook statement remains positive across the key operations,' the broker said. 'As a consequence of these strong underlying results we remain comfortable with our earnings projections
Read moreThursday tips round-up: SIG, Greggs, Fenner
14th Jan 2010 06:06
Ever-tighter building regulations on energy efficiency continue to work in SIG's favour. The last introduction of new UK standards in 2006 prompted a 20 per cent rise in the volume of insulation materials per building in the following three years and there is no reason to believe that their successo
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