Mears Group PLC - Gloucester-based housing maintenance and social housing provider - Completes £20 million share buyback programme announced in February. Buys back and cancels 5.6 million share, 5.5% of its total prior to the buyback. It pays an average of 358.7 pence per share.

Last week, Mears said pretax profit rose 34% to £46.9 million in 2023 from £34.9 million in 2022, on a 14% increase in revenue to £1.09 billion from £956.6 million. In addition to the share buyback, it declared a cash dividend for 2023 of 13.00p, up 24% from 10.5p for 2022.

Current stock price: 357.80p

12-month change: up 75%

Copyright 2024 Alliance News Ltd. All Rights Reserved.