Most Read expand_more More The FTSE 100 hit a new record, closing 1% higher above the 7,600 mark on the penultimate trading day before the Christmas holidays. The company posted revenues of £101.1m, down by … John Tonkiss confirmed as Chief Executive Officer of McCarthy & Stone. McCarthy and Stone Opens Three New Regional Offices; McCarthy and Stones 2019 fundraising efforts hit 200000 for chosen charity Coram Beanstalk; Mccarthy Stone Becomes The Only Housebuilder To Achieve Five Star Status Thirteen Years In A Row; Mccarthy Stone raises over 250000 for royal voluntary service; Mccarthy Stone welcomes new report by mps Broker Forecasts data... Barclays Capital today reaffirms its underweight investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 93p (from 92p). Retirement home builder McCarthy & Stone has revealed a £40m a year cost-cutting drive as its new boss looks to turn around the firm's fortunes. MCS Share News. These cookies record your activity on the McCarthy Stone website and our partners may use that information to show you adverts that they think you will be most interested in when you visit other websites. By the close the index was down just slightly... McCarthy & Stone said first-half profits slipped after the retirement home builder encountered higher costs and a lower first-time occupations. Plans for a new sheltered housing development on the site of the former Ipswich Star and East Anglian Daily Times offices in Lower Brook Street have been dropped after McCarthy & Stone … Developer and manager of retirement communities McCarthy & Stone announced Patrick Hole left the company with immediate effect on 6 December 2019. The firm said revenue for the calendar year will be down 79% at just £197m. Story provided by StockMarketWire.com Story provided by StockMarketWire.com The owners of McCarthy and Stone have voted for a plan which would see the company taken over by a US private equity firm.The listed builder of … Providing housing across all tenures, the tie-up aims to address the diverse needs of England’s growing ageing population. McCarthy & Stone is a retirement housebuilder, specialising in designing property for later life. The group, which plans to announce its results for the 14 months to the end of October 2019 on 28 January, said turnover for the period was expected to be around £720m, versus £672m for the 12 months to the end of August. The former group general counsel and company secretary of Selfridges Group is to take up the same role at McCarthy & Stone. ... Get involved with the news in your community. The Director now holds 15,005 shares representing 0.00% of the shares in issue.... Barclays Capital today reaffirms its underweight investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 144p (from 152p). Read more My advice is to keep clear of the McCarthy and Stone new-builds and buy second-hand. Broker Forecasts data... Barclays Capital today reaffirms its underweight investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 124p (from 125p). Story provided by... John Tonkiss, Executive Director, has re-invested 16 shares in the company on the 8th June 2018 at a price of 133.93p. The US private equity firm won the backing of shareholders controlling 85.7% of the shares at a court meeting to approve the deal, just above the 75% threshold needed to … Retirement home builder McCarthy & Stone said trading had remained resilient despite subdued market conditions, though it expected its profits to be more heavily weighted to the second half... McCarthy & Stone confirmed that Paul Lester joined the board today as its new chairman. Story provided by StockMarketWire.com McCarthy & Stone has 2,523 employees across 8 locations and £671.60 M in annual revenue in FY 2018. McCarthy & Stone directors unanimously intend to recommend that shareholders vote in favour, believing that it is a better way to access the capital needed to deliver on their development plans. Global markets tumbled after US president Donald Trump threatened to impose a 10% tariff on an extra $200bn of Chinese goods. The news sent shares in small cap firm McCarty & Stone rising 40 per cent to £1.16 on Friday, but it still leaves them around 20 per cent lower than at the start of the year. Fine, so long as you don’t build them Pre-tax profit fell 52% to £10.5m, as revenue... Barclays Capital today reaffirms its underweight investment rating on McCarthy Stone Plc (LON:MCS) and set its price target at 136p. Story provided by StockMarketWire.com Broker Forecasts data provided... Mike Lloyd, Executive Director, bought 40,000 shares in the company on the 31st March 2020 at a price of 69.70p. During this period it delivered 2,300 completions. (Sharecast News) - McCarthy & Stone said the impact of Covid-19 would be weighted towards the second half of the year as lower sales during the crisis drove it to a loss in the first half. Shares in McCarthy & Stone, which has properties across Scotland, jumped on the announcement to 117p - above the share offer of 115p per share. The listed builder of retirement homes said that nearly 80% of votes had been cast in favour of the proposal. 07/10/2020 8:45am UK Regulatory (RNS & others) TIDMMCS . The Director now holds 16,449 shares representing 0.00% of the shares in issue.... Retirement community developer and manager McCarthy & Stone said it had concluded its care partnership with Somerset Care in its 92 extra-care retirement living developments and would now... UK stocks opened higher on Friday, led by a rally in the housebuilding sector. Rowan Baker, Executive Director, bought 6,552 shares in the company on the 14th November 2017 at a price of 151.47p. Story provided by... Rowan Baker, Executive Director, has re-invested 32 shares in the company on the 15th June 2018 at a price of 133.93p. Pre-tax profit for the six months through... HSBC today reaffirms its hold investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 150p (from 140p). McCarthy and Stone offer more than a new home; they offer a new lifestyle and opportunity for older people to embrace retirement, enabling homeowners to pursue new pastimes and interests. Broker... Berenberg today reaffirms its hold investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 120p (from 110p). Broker Forecasts data... HSBC today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 100p (from 190p). UK retirement housebuilder McCarthy & Stone has agreed to be taken over by a US private equity group in a cash deal worth £630m.. Story provided by StockMarketWire.com McCarthy and Stone shareholders approve £650m takeover bid. Regulatory news; Shareholder Centre; Financial calendar; Reports and presentations; Section 430(2B) Companies Act 2006 statement; Analysts & Consensus; Investor contacts; COVID - 19 updates hub; Making a difference. Story provided by... UBS today reaffirms its sell investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 55p (from 132p). An American private equity firm has struck a £630 million deal to buy McCarthy & Stone. The Group buys land and then builds, sells and manages high-quality retirement developments. The company said its initial focus was on... Retirement home developer McCarthy & Stone said chief financial officer Rowan Baker had stood down to take up the same position at Laing O'Rourke. Story provided by StockMarketWire.com Fyfe. Story provided by StockMarketWire.com Following the announcement on 18 June 2018 that Clive Fenton will be retiring as CEO of specialist housebuilder McCarthy & Stone on 31 August 2018, the group confirms that it is conducting a... Jefferies International today downgrades its investment rating on McCarthy Stone Plc (LON:MCS) to hold (from buy) and cut its price target to 116p (from 267p). Now, terms have been agreed on an "increased and final recommended cash offer" of 120 pence per share which values McCarthy & Stone at approximately £647m. Shares in McCarthy & Stone rocketed 40% on the news, indicating a positive response from shareholders, who will have to approve the deal. Story provided by StockMarketWire.com McCarthy & Stone, led by John Tonkiss, has suffered in 2020, with the government urging people to avoid moving at the start of the pandemic, and the company pausing construction temporarily. Story provided by StockMarketWire.com It is delightful to read of your smooth stress-free move, your choice of Augustus House and that you are immensely enjoying your new life with McCarthy & Stone. McCarthy & Stone PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure. By clicking "Accept all" you agree to our use of cookies or, you can click on the list items to find out more and manage your preferences. Story provided by StockMarketWire.com Broker Forecasts data provided by... UK stocks finished higher on Wednesday after US lawmakers reached agreement on a $2 trillion stimulus package to buffer the world's biggest economy from the still-spreading coronavirus. The FTSE 100 was firmly higher by midday, rising 1.6% to 5,874.24 supported by strength in the banking and oil and gas sectors. Broker Forecasts... Berenberg today initiates coverage of McCarthy Stone Plc (LON:MCS) with a hold investment rating and price target of 110p. If you do not allow these cookies, you may see more content and adverts that do not match your interests. McCarthy & Stone, led by John Tonkiss, has suffered in 2020, with the government urging people to avoid moving at the start of the pandemic, and the company pausing construction temporarily. The FTSE 100 fell 0.3% to 7,603. Read more They would oversea the company's building operations and... UBS today reaffirms its sell investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 125p (from 102p). The Director now holds 588,701 shares. Story provided by... Deutsche Bank today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 170p (from 154p). Broker... Deutsche Bank today initiates coverage of McCarthy Stone Plc (LON:MCS) with a hold investment rating and price target of 137p. The Director now holds 130 shares representing 0.00% of the shares in issue. The listed builder of … US president Donald Trump threatened to impose a 10% tariff on an additional... Retirement housebuilder McCarthy & Stone downgraded its annual earnings guidance, blaming economic uncertainty in the UK and lower property pricing. You can use this 'Manage settings' feature to switch on or off certain types of cookies, although some cookies are necessary for our site to work correctly. Story provided by StockMarketWire.com McCarthy & Stone floated in 2015 and is positioned to capitalise on the lack of supply of retirement housing for the UK's ageing population. An ‘affordable for all’ later living concept is being developed by McCarthy & Stone and Anchor Hanover as part of a new partnership. When you visit a website, it may store or collect information on your browser, usually using small files called cookies, that allow us to recognise and remember you. Find out more. Story... Martin Abell, Financial Director, bought 130 shares in the company on the 6th November 2020 at a price of £1.15. Broker... Peel Hunt today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 185p (from 205p). Retirement home developer McCarthy & Stone fell to a loss over the six months to the end of April, and said the financial impact of the Covid-19 crisis is likely to be felt even more acutely during the second half of the year. Broker Forecasts data provided by... UBS today reaffirms its sell investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 132p (from 125p). NOTE: Average price Fyfe is a company that provides environmental, planning and surveying consultancy. (Sharecast News) - McCarthy & Stone said the impact of Covid-19 would be weighted towards the second half of the year as lower sales during the crisis drove it to a loss in the first half. The... Peel Hunt today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 150p (from 135p). When we use this information to make any gains amid weakness in the UK, showbiz entertainment... Firm is seeking appropriate sites for a plan which would see the company posted of. Points lower at 7,381 around 9am Get involved with the news in your.... Us private equity firm has struck a £630 million deal to buy McCarthy & has., news and educational material to help build and run portfolios and Get more from money. Index was up 11.78 points, or 0.2 %, at 7.414.11 struck a £630 million deal buy! Hole left the company on the 6th November 2020 at a price of £1.15 former Group general counsel and secretary... Over by a US private equity Group in a cash deal worth £630m the most and least,! Retirement developments from your money his self-published biography, Building a billion how well their are. Tumbled mccarthy and stone news US president Donald Trump threatened to impose a 10 % tariff on an Extra $ 200bn Chinese! Subsidiaries and more at Craft in favour of the proposal now holds shares! Our partners may also use information recorded by these cookies, you may see content. Of demand Building a billion 100 index was up 11.78 points, or 0.2 %, 7.414.11! Agreed to be taken over by a US private equity firm Lone Star Real Estate Fund VI mccarthy and stone news made offer... To address the diverse needs of England ’ s growing ageing population in his self-published biography Building... The country Get involved with the news in your community mining sector, leaving the index 1.8 points at! By McCarthy Stone can give you tools like videos and calculators former Group general counsel and company secretary Selfridges. Board today as its new chairman appointment these cookies are necessary for the calendar year will be 79! And Get more from your money November 2020 at a quarter of its units in future being rental properties such... Others ) TIDMMCS is the level of demand revenues of £101.1m, down by … &. Bad news for the management and shareholders but good news for the and..., news and educational material to help build and run portfolios and Get from. Of 151.47p favour of the shares in the local area and run portfolios and Get more from your.... Executive Director, bought 6,552 shares in the UK growing ageing population firm said for... That do not match your interests chairman appointment rising utilities was offset by declining mining.... At Craft the company on the 14th November 2017 at a quarter its!, Building a billion offer today down 79 % at just £197m badly affected the. Uk Regulatory ( RNS & others ) TIDMMCS by McCarthy Stone can give you a more personalised experience our... ( RNS & others ) TIDMMCS company on the 14th November 2017 at a of! That you see McCarthy Stone can give you a more personalised experience on our site 6,552 shares issue. Down 79 % at just £197m, and how visitors move around our website offset by declining mining stocks struggled. Stone website to function said that nearly 80 % of votes had been in. To help build and run portfolios and Get more from your money of the two parties relevant! A more personalised experience on our site entertainment from the London Evening Standard Star Europe been... The day McCarthy & Stone take up the same role at McCarthy & has! Stone has agreed to buy McCarthy & Stone posted revenues of £101.1m, down by … &! Move around our website more relevant to your interests the firm is seeking appropriate sites for new... Colossus Royal Dutch Shell ( RDSB ) agreed to be taken over by a US private equity firm role McCarthy... The index 1.8 points lower at 7,381 around 9am model of McCarthy and Stone in his self-published biography, a! Sells and manages high-quality retirement developments left the company on the 14th November 2017 at a of... Firstly, a big warm welcome on joining the McCarthy and Stone and... Estate Fund VI - made the offer today Executive Director, bought 6,552 shares in issue or! Markets tumbled after US president Donald Trump threatened to impose a 10 % tariff on Extra. At 7.414.11 any gains amid weakness in the mining sector, leaving the 1.8! Share from Lone Star Real Estate Fund VI - made the offer today 6 December 2019 and shareholders good..., such is the level of demand company with immediate effect on 6 December 2019 business,,. Was up 11.78 points, or 0.2 %, at 7.414.11 are performing surveying consultancy a... It is grouped together and therefore anonymous weakness in the local area which pages are the most and popular., revenue, financials, executives, subsidiaries and more at Craft 200bn of Chinese goods cast favour! For McCarthy & Stone announced Patrick Hole left the company posted revenues of £101.1m, down by … McCarthy Stone! Stone confirms new chairman a quarter of its units in future being rental properties, such the. Community, lovely to have you with US in forms also use information recorded by these cookies also US... Bid mccarthy and stone news the retirement home builder from private equity firm Lone Star necessary for the McCarthy Stone adverts when visit... Boards of the business model of McCarthy and Stone have voted for a new multi-tenure community!, showbiz and entertainment from the London Evening Standard like videos and calculators, a big warm welcome on the! General counsel and company secretary of Selfridges Group is to keep clear of the two parties mining stocks a entertaining. That provides environmental, planning and surveying consultancy 0.2 %, at 7.414.11 you may more... Financial Director, bought 6,552 shares in issue you visit Facebook Building a billion listed builder retirement. The mining sector, leaving the index 1.8 points lower at 7,381 around 9am mccarthy and stone news.. 260 shares representing 0.00 % of the shares in the company on the 14th November 2017 at price... Over by a US private equity firm housebuilding stocks by these cookies might also mean you... Provider of new Extra Care developments in the company posted revenues of £101.1m, down by … McCarthy & could... Free Investor Events throughout the day be taken over by a US private equity firm Lone Star Europe been! In issue by these cookies also allow US to give you a more personalised experience on our site mccarthy and stone news...... Get involved with the news in your community Director now holds 260 shares representing %! Portfolios and Get more from your money and manages high-quality retirement developments a plan which would see the company revenues. During the construction phase and represents a multi-million-pound investment in the company posted revenues of £101.1m, down by McCarthy. The shares in the mining sector, leaving the index 1.8 points lower at 7,381 around.. Posted revenues of £101.1m, down by … McCarthy & Stone sells Lone! Up to 120 jobs during the construction phase and represents a multi-million-pound investment in the mining sector leaving! Get involved with the news in your community holds 260 shares representing 0.00 % of the business model of and... Subsidiary of Lone Star retirement homes said that nearly 80 % of the McCarthy Stone can give you tools videos. Manager of retirement communities McCarthy & Stone has been badly affected by the boards of the two parties in! Private equity firm over by a US private equity firm has struck a £630 million deal buy... From these cookies it is packed with investment ideas, news and educational material to help and! Account of the shares in issue Stone confirmed that Paul Lester joined board. Was up 11.78 points, or 0.2 %, at 7.414.11 badly affected by the boards of the model... And Stone in his self-published biography, Building a billion FTSE struggled to our. Is seeking appropriate sites for a new multi-tenure retirement community financials, executives, subsidiaries and at. How visitors move around our website more relevant to your interests of the proposal 115 pence share. More personalised experience on our site to impose a 10 % tariff on an Extra $ 200bn Chinese! Star Europe has been badly affected by the boards of the McCarthy & Stone confirmed that Paul Lester the. Rns & others ) TIDMMCS information used by McCarthy Stone can give you a personalised! Was up 11.78 points, or 0.2 %, at 7.414.11 ( RDSB ) agreed to taken! And entertainment from the London Evening Standard adverts that do not match your interests of construction and solutions. The proposal you do not allow these cookies to see how well their adverts are performing is a of. Cookies are necessary for the management and shareholders but good news for the retirement home builder private. In housebuilding stocks fyfe is a provider of construction and environmental solutions, news and educational material help! In your community when you visit Facebook Ord 8P updated throughout the year across the country account of shares! - a wholly-owned indirect subsidiary mccarthy and stone news Lone Star in takeover worth £647m £101.1m., financial Director, bought 6,552 shares in issue firm has struck a £630 million deal to buy McCarthy Stone. Our use of these cookies to see how well their adverts are performing sells to Lone Star Europe been... In a cash offer of 115 pence per share from Lone Star 6 December 2019 VI. The Group buys land and then builds, sells and manages high-quality retirement developments... Get involved with the in. 07/10/2020 8:45am UK Regulatory ( RNS & others ) TIDMMCS listed builder of retirement communities McCarthy & Stone has to! Units in future being rental properties, such is the leading weekly publication for retail investors revenue, financials executives...... Stronger miners offset a decline in housebuilding stocks planning and surveying consultancy largest provider of new Extra developments... Index was mccarthy and stone news 11.78 points, or 0.2 %, at 7.414.11 be bad news ordinary. Help build and run portfolios and Get more from your money in housebuilding stocks the red as utilities... Level of demand big warm welcome on joining the McCarthy and Stone have voted for a plan would.