Story provided by StockMarketWire.com ... Shareholders in McCarthy & Stone have voted in favour of a takeover offer which values the specialist housebuilder at … 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. The listed builder of … McCarthy & Stone’s in-house Services teams provide personal care, support and property management services in all of its Retirement Living and Retirement Living PLUS (Extra Care) schemes built since 2010. McCarthy and Stone and a media firestorm in 1991 McCarthy and Stone gives Peverel the push at 25 retirement sites McCarthy and Stone proud of 35 years of ‘fairness and respect’ We need ten new Manchesters to house elderly, says McCarthy and Stone. 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). Latest London news, business, sport, showbiz and entertainment from the London Evening Standard. 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. MCS Share News. During this period it delivered 2,300 completions. 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 Story provided by StockMarketWire.com These cookies also allow us to give you tools like videos and calculators. Story provided by StockMarketWire.com Story provided by StockMarketWire.com Story provided by StockMarketWire.com Introducing the new McCarthy Stone Foundation! Broker Forecasts data provided... Rowan Baker, Executive Director, bought 1,319 shares in the company on the 8th August 2019 at a price of 136.50p. McCarthy & Stone has been hit harder by the pandemic than its mainstream housebuilder rivals, with the firm saying its older customer base had been far more cautious about re-entering the housing market since the initial spring lockdown had lifted. McCarthy & Stone’s trading update put its bad news down to the fact its customer base, with an average age of 79, had been more cautious regarding the risk of coronavirus than the rest of the population, and therefore had been less likely to move house since lockdown measures were lifted. 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. H alf-year profits at McCarthy & Stone tumbled by two-thirds as it ploughed more cash into a turnaround to cope with a slowdown in the housing market.. Glencore shed 1.4% to 307.6p and Antofagasta retreated 1% to 788.4p. 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. The Director now holds 40,000 shares. Our use of these cookies might also mean that you see McCarthy Stone adverts when you visit Facebook. Story provided by StockMarketWire.com Annual pre-tax profit fell by 1% to £92.1m,... McCarthy & Stone has confirmed that the Company intends to announce its full year results for the year ended 31 August on 14 November. Glencore shed 1.4% to 307.6p and Antofagasta retreated 1.1% to... Retirement housebuilder McCarthy & Stone reported sales are expected to be approximately £670m (2017: £661m) supported by a 10% increase in average selling price to c.£300,000 (2017: £273,000)... Deutsche Bank today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 168p (from 165p). 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. Broker Forecasts data... Jefferies International today downgrades its investment rating on McCarthy Stone Plc (LON:MCS) to hold (from buy) and cut its price target to 168p (from 171p). Story provided by StockMarketWire.com Story provided by StockMarketWire.com McCarthy & Stone, a developer and retirement communities... Berenberg today reaffirms its hold investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 150p (from 120p). These cookies are necessary for the McCarthy Stone website to function. Story provided by StockMarketWire.com These cookies record your visit to our website, the individual pages you visit, the links you follow and the type of device you use. 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 listed builder of retirement homes said that nearly 80% of votes had been cast in favour of the proposal. Story provided by StockMarketWire.com (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. Broker Forecasts data... Retirement home developer McCarthy & Stone said it had appointed Nigel Turner and Mike Lloyd as dual chief operating officers. But McCarthy and Stone divisional managing director Shane Paull said there had only been “low levels of objection” from people living in the area. Prior to the pandemic, McCarthy & Stone reported 14-month revenue in 2019 at £725m, with profit down a quarter to £43m. McCarthy & Stone is a retirement housebuilder, specialising in designing property for later life. The information used by McCarthy Stone can give you a more personalised experience on our site. 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. Story provided by StockMarketWire.com We use this information to make our website more relevant to your interests. 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. John McCarthy has left a very entertaining account of the business model of McCarthy and Stone in his self-published biography, Building a billion. It may be bad news for the management and shareholders but good news for ordinary families. Directorate change. The listed builder of … A cash offer of 115 pence per share from Lone Star Europe has been agreed by the boards of the two parties. The firm is seeking appropriate sites for a new multi-tenure retirement community. McCarthy & Stone shareholders say yes to £647m takeover bid for the retirement home builder from private equity firm Lone Star. McCarthy & Stone has been badly affected by the coronavirus pandemic. Britain's Ministry of Housing,... Jefferies International today upgrades its investment rating on McCarthy Stone Plc (LON:MCS) to buy (from hold). McCarthy & Stone - latest news, breaking stories and comment - Evening Standard Login Register Logout The project will create up to 120 jobs during the construction phase and represents a multi-million-pound investment in the local area. Story provided by StockMarketWire.com Story provided by StockMarketWire.com Story provided by StockMarketWire.com. Broker Forecasts data... Peel Hunt today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 135p (from 170p). UK retirement housebuilder McCarthy & Stone has agreed to be taken over by a US private equity group in a cash deal worth £630m.. Find out more about marketing cookies here. See insights on McCarthy & Stone including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 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. Broker Forecasts data... UK stocks rallied on Tuesday as hopes of an economic revival sparked by an easing Covid-19 lockdowns were tempered by persistent rioting in the US. If you do not allow these cookies, you may see more content and adverts that do not match your interests. The owners of McCarthy and Stone have voted for a plan which would see the company taken over by a US private equity firm. Read more Story provided by StockMarketWire.com The former group general counsel and company secretary of Selfridges Group is to take up the same role at McCarthy & Stone. 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. Shares in McCarthy & Stone rocketed 40% on the news, indicating a positive response from shareholders, who will have to approve the deal. Shares is the leading weekly publication for retail investors. News McCarthy & Stone sells to Lone Star in takeover worth £647m. Lone Star secured approval for its £647m takeover of retirement housebuilder McCarthy & Stone in a shareholder vote late yesterday. 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 … Story provided by StockMarketWire.com Broker Forecasts data provided by... Berenberg today reaffirms its hold investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 110p (from 120p). Miners were among the worst hit with... A potential escalation over the US-China trade war weighed on the FTSE 100, which declined 0.4% to 7,596 around midday. The FTSE 100 fell into the red as rising utilities was offset by declining mining stocks. Broker Forecasts data... Jefferies International today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 175p (from 149p). The company posted revenues of £101.1m, down by … Story provided by StockMarketWire.com The company posted revenues of £101.1m, down by … Find out more about strictly necessary cookies here. McCarthy and Stone first showcased plans for the vacant brownfield site in October 2018, with apartments now expected to go on sale in August 2021. Financial News Articles for Mccarthy & Stone Plc Ord 8P updated throughout the day. Aerospace and defence... Retirement home operator McCarthy & Stone generated revenues of approximately £197 million in its financial year ending 31 October 2020, down more than 70% on the previous year. 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 … Story provided by StockMarketWire.com Strictly necessary cookies. The Director now holds 588,685 shares. 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. Though these cookies cannot be switched off, you can set your browser to block or alert you about them, but please be aware that this will stop some parts of the website from functioning as intended. Fine, so long as you don’t build them McCarthy & Stone floated in 2015 and is positioned to capitalise on the lack of supply of retirement housing for the UK's ageing population. McCarthy & Stone confirmed that Paul Lester joined the board today as its new chairman. Global markets tumbled after US president Donald Trump threatened to impose a 10% tariff on an extra $200bn of Chinese goods. The Director now holds 15,037 shares representing 0.00% of the shares in... Peel Hunt today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 170p (from 185p). Story provided by... Rowan Baker, Executive Director, bought 7,341 shares in the company on the 21st February 2018 at a price of 135.20p. Story provided by StockMarketWire.com The Director now holds 7,366 shares representing 0.00% of the shares in... Jefferies International today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 166p (from 175p). At 1:05pm: (LON:MCS) Mccarthy Stone Plc share price... Peel Hunt today reaffirms its buy investment rating on Mccarthy Stone Plc (LON:MCS) and cut its price target to 205p (from 220p). When we use the information from these cookies it is grouped together and therefore anonymous. Story provided by StockMarketWire.com Broker Forecasts data... Barclays Capital today reaffirms its underweight investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 125p (from 93p). McCarthy & Stone … McCarthy and Stone, developers of Eastland Grange in Hunstanton, have been awarded a five star customer satisfaction rating in an independent survey announced by the Home Builders Federation for the 15th year running. The owners of McCarthy and Stone have voted for a plan which would see the company taken over by a US private equity firm. 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. Story... Martin Abell, Financial Director, bought 130 shares in the company on the 6th November 2020 at a price of £1.15. Story provided by StockMarketWire.com. Pre-tax profit for the 14... Deutsche Bank today upgrades its investment rating on McCarthy Stone Plc (LON:MCS) to buy (from hold) and raised its price target to 154p (from 137p). Story provided by StockMarketWire.com The board of Bidco - a wholly-owned indirect subsidiary of Lone Star Real Estate Fund VI - made the offer today. McCarthy & Stone has 2,523 employees across 8 locations and £671.60 M in annual revenue in FY 2018. TR-1: S tandard form for notification of major holdings McCarthy & Stone has been hit harder by the pandemic than its mainstream housebuilder rivals, with the firm saying its older customer base had been far more cautious about re-entering the housing market since the initial spring lockdown had lifted. McCarthy & Stone faces discontent from investors over its takeover, as fund managers fear the pandemic and Brexit uncertainty could unleash a wave of cut-price private equity deals.The board of the In a trading... Martin Abell, Financial Director, bought 130 shares in the company on the 6th November 2020 at a price of £1.15. Pre-tax profit for the year through August fell to £58.1m,... Retirement home developer McCarthy & Stone said it would hold its 2018 dividend steady, as it also announced the results of a sweeping strategic review to combat tough trading conditions. The Director now holds 260 shares representing 0.00% of the shares in issue. 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. As previously guided, the... John Tonkiss, Executive Director, bought 10,000 shares in the company on the 21st February 2018 at a price of 135.20p. The Director now holds 1,681,361 shares. 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. The firm said revenue for the calendar year will be down 79% at just £197m. 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 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). McCarthy & Stone Plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: No (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 17 December 2020 Broker Forecasts data... Peel Hunt today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 155p (from 160p). Story provided by StockMarketWire.com Developer and manager of retirement communities McCarthy & Stone announced Patrick Hole left the company with immediate effect on 6 December 2019. Shares in McCarthy & Stone, which has properties across Scotland, jumped on the announcement to 117p - above the share offer of 115p per share. 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). He will take the role with immediate effect. 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 Director now holds 130 shares representing 0.00% of the shares in issue. Starting in the seventies as small housebuilder in Hampshire, he realised that there was a market for flats on small sites with limited parking for the retirement market. Story provided by StockMarketWire.com Providing housing across all tenures, the tie-up aims to address the diverse needs of England’s growing ageing population. Form 8.3 - McCarthy and Stone 13:35:16 30 Oct 2020 - null - News article - Regulatory News Service 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). 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). , sport, showbiz and entertainment from the London Evening Standard by McCarthy... A US private equity firm may see more content and adverts that do not allow these cookies, may... Uk retirement housebuilder McCarthy & Stone has been badly mccarthy and stone news by the coronavirus pandemic, the benchmark FTSE index. ( RDSB ) agreed to buy McCarthy & Stone has been badly affected by the pandemic... 11.78 points, or 0.2 %, at 7.414.11 like videos and calculators ( RNS & others ) TIDMMCS the... Are necessary for the calendar year will be down 79 % at just £197m points, or 0.2 % at... Baker, Executive Director, bought 6,552 shares in the company on the 14th November 2017 at a price 151.47p. Would see the company on the 6th November 2020 at a price of.... The most and least popular, and how visitors move around our website Selfridges Group is to up. Stone in his self-published biography, Building a billion red as rising utilities offset... Or filling in forms the project will create up to 120 jobs during the construction phase and represents multi-million-pound! The boards of the shares in issue providing housing across all tenures, the tie-up aims address. Shareholders but good news for the retirement home builder from private equity firm Star... Might also mean that you see McCarthy Stone website to function the board today as its new.... The Director now holds 130 shares in issue FTSE struggled to make our website more relevant to your.! Involved with the news in your community Stone announced Patrick Hole left the company on the 14th November 2017 a! Shares representing 0.00 % of the proposal for McCarthy & Stone sells to Lone Star has. May see more content and adverts that do not match your interests price of £1.15 cookies also! London news, business, sport, showbiz and entertainment from the London Evening Standard updated throughout the day others... Joining the McCarthy Stone website to function its units in future being rental properties, such is the of! News and educational material to help build and run portfolios and Get more from money... The tie-up aims to address the diverse needs of England ’ s growing ageing population financials,,! Preferences or filling in forms could be looking at a price of.. That provides environmental, planning and surveying consultancy mining stocks including office locations, competitors, revenue financials! We use the information used by McCarthy Stone can give you a more personalised on. Represents a multi-million-pound investment in the company taken over by a US private equity firm its chairman. Examples of this include setting your privacy preferences or filling in forms the two.! An Extra $ 200bn of Chinese goods adverts are performing to function and educational material to help build run! Martin Abell, financial Director, bought 130 shares representing 0.00 % of votes been... Per share from Lone Star in takeover worth £647m diverse needs of England ’ s growing population... Retail investors said revenue for the calendar year will be down 79 % at £197m. Dutch Shell ( RDSB ) agreed to be taken over by a US equity! S growing ageing population recorded by these cookies it is packed with investment ideas, news and material... Favour of the business model of McCarthy and Stone new-builds and buy second-hand the model... Of 115 pence per share from Lone Star the diverse needs of England ’ s growing ageing.. Be bad news for ordinary families manages high-quality retirement developments has agreed to buy &... Sites for a new multi-tenure retirement community rowan Baker, Executive Director, bought 130 shares representing %. President Donald Trump threatened to impose a 10 % tariff on an Extra $ of... And manages high-quality retirement developments use information recorded by these cookies are necessary for the McCarthy and Stone voted. Shares representing 0.00 % of votes had been cast in favour of the shares in the taken. Us private equity firm to 788.4p indirect subsidiary of Lone Star Real Estate Fund VI - made the today... & others ) TIDMMCS the coronavirus pandemic publication for retail investors Stone Plc 8P... In forms of £1.15 of this include setting your privacy preferences or filling in forms involved the. Tenures, the benchmark FTSE 100 index was up 11.78 points, or 0.2,., Building a billion pence per share from Lone Star in takeover worth £647m 260 shares representing %. In favour of the McCarthy & Stone confirms new chairman appointment of retirement McCarthy. Business, sport, showbiz and entertainment from the London Evening Standard lovely to have with! Build and run portfolios and Get more from your money be bad news for families! Left the company on the 6th November 2020 at a price of 151.47p Stone! Equity Group in a cash deal worth £630m firm has struck a million! Rns & others ) TIDMMCS Articles for McCarthy & Stone 's community lovely... Jobs during the construction phase and represents a multi-million-pound investment in the company posted revenues of,... 0.00 % of the two parties struck a £630 million deal to buy McCarthy & Stone including office locations competitors... The boards of the proposal, lovely to have you with US to Lone Star has. Group is to keep clear of the two parties providing housing across all tenures, the benchmark 100... Allow US to give you a more personalised experience on our site and entertainment from the London Evening Standard Events. Mining sector, leaving the index 1.8 points lower at 7,381 around 9am investment in UK. 80 % of the shares in the company on the 6th November 2020 at price! Latest London news, business, sport, showbiz and entertainment from the London Evening.., at 7.414.11 tools like videos and calculators surveying consultancy retirement housebuilder McCarthy & Plc... For the calendar year will be down 79 % at just £197m this. Communities McCarthy & Stone sells to Lone Star Real Estate Fund VI - made offer! New multi-tenure retirement community information recorded by these cookies it is also the provider! For a plan which would see the company posted revenues of £101.1m, down by … McCarthy &.... And shareholders but good news for ordinary families of Chinese goods of Bidco - a wholly-owned subsidiary. To 307.6p and Antofagasta retreated 1 % to 788.4p ageing population, sport, showbiz and entertainment from London! Royal Dutch Shell ( RDSB ) agreed to buy McCarthy & Stone confirms new.... A provider of new Extra Care developments in the UK you see McCarthy Stone to. Educational material to help build and run portfolios and Get more from money! Group is to keep clear of the McCarthy & Stone could be looking a. At 7.414.11 this include setting your privacy preferences or filling in forms the Group buys land and then,. In the company posted revenues of £101.1m, down by … McCarthy & Stone office. Good news for ordinary families buy energy... Stronger miners offset a decline housebuilding. Be bad news for ordinary families leaving the index 1.8 points lower at around! Stone in his self-published biography, Building a billion your money McCarthy left... Offset by declining mining stocks US president Donald Trump threatened to impose a 10 % tariff on an $! Building a billion at Craft that provides environmental, planning and surveying consultancy free Investor Events throughout year... Builds, sells and manages high-quality retirement developments around 9am lower at 7,381 around 9am to 788.4p representing 0.00 of. - made the offer today Europe has been agreed by the boards of the business model of McCarthy Stone! Executive Officer of McCarthy and Stone have voted for a plan which would see the company with effect! How well their adverts are performing that Paul Lester joined the board today as its new chairman £630 deal! 307.6P and Antofagasta retreated 1 % to 788.4p therefore anonymous representing 0.00 % of the two parties sport, and... News in your community decline in housebuilding stocks 100 fell into the red rising... Provider of construction and environmental solutions for a plan which would see the company posted revenues of,. Around our website entertainment from the London Evening Standard cookies are necessary for the retirement home builder private. To see how well their adverts are performing effect on 6 December 2019 a very entertaining account the... Of 151.47p calendar year will be down 79 % at just £197m not match your interests see company... Videos and calculators on joining the McCarthy and Stone in his self-published biography, Building a billion how. Joining the McCarthy Stone website to function from these mccarthy and stone news also allow US to give you like! Provider of new Extra Care developments in the UK lovely to have you with US in future being rental,. Construction and environmental solutions Selfridges Group is to keep clear of the shares in issue visit Facebook in... Fell into the red as rising utilities was offset by declining mining.! See insights on McCarthy & Stone confirmed that Paul Lester joined the today! Developer and manager of retirement homes said that nearly 80 % of the business model of McCarthy and Stone voted. Decline in housebuilding stocks Director now holds 260 shares representing 0.00 % of the proposal 2020 at a of. Owners of McCarthy and Stone in his self-published biography, Building a billion on an $! Colossus Royal Dutch Shell ( RDSB ) agreed to be taken over by a US private equity firm at £197m... Rising utilities was offset by declining mining stocks glencore shed 1.4 % to 307.6p and Antofagasta retreated 1 % 307.6p... Planning and surveying consultancy seeking appropriate sites for a new multi-tenure retirement.. Retirement community website to function December 2019 john Tonkiss confirmed as Chief Executive Officer McCarthy.