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United Kingdom

McCarthy & Stone PLC (MCS.L)

MCS.L on London Stock Exchange

145.20GBp
19 Jan 2018
Change (% chg)

0.30 (+0.21%)
Prev Close
144.90
Open
148.50
Day's High
148.50
Day's Low
144.60
Volume
713,915
Avg. Vol
1,307,371
52-wk High
199.60
52-wk Low
142.94

Latest Key Developments (Source: Significant Developments)

Mccarthy & Stone ‍Responds To Media Commentary On Ground Rents​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Mccarthy & Stone Plc ::‍NOTES MEDIA COMMENTARY REGARDING PROPOSAL BY DEPARTMENT FOR COMMUNITIES AND LOCAL GOVERNMENT (DCLG) TO REDUCE GROUND RENTS ON NEW LONG LEASES TO ZERO​.‍MCCARTHY & STONE HAS MADE A CASE TO DCLG FOR EXEMPTION OF RETIREMENT HOUSING PROVIDERS FROM SUCH ACTION​‍.RESPONSE TO MEDIA COMMENTARY ON GROUND RENTS​.‍HAS FULLY DISCLOSED ITS PRACTICE OF AGGREGATING AND SELLING FORWARD ITS FREEHOLD REVERSIONS​.DOES NOT BUILD LEASEHOLD HOUSES AND DOES NOT EMPLOY TYPES OF ESCALATING GROUND RENTS WHICH HAVE BEEN CAUSE OF DCLG'S REVIEW​.‍UNDERSTANDS THAT DCLG ARE CONSIDERING LIMITED EXEMPTIONS FROM THEIR PROPOSED CHANGES TO LEASEHOLD PRACTICES.‍IN FY18, PROFIT TO BE GENERATED BY FREEHOLD REVERSION SALES EXPECTED TO BE £33M, PROFIT STREAM EXPECTED TO INCREASE.‍IN SHORT TERM, IF UNABLE TO SECURE EXEMPTION FROM MEASURES, IT WILL SEEK TO EMPLOY STRATEGIES TO MITIGATE IMPACT ON PROFITABILITY OF CURRENT LAND BANK​.  Full Article

McCarthy & Stone starts new financial year with a strong forward order book
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Mccarthy & Stone Plc :TOTAL DIVIDEND ‍5.4 PENCE PER SHARE VERSUS 4.5 PENCE PER SHARE YEAR AGO.FY REVENUE ‍​ 660.9 MILLION POUNDS VERSUS 635.9 MILLION POUNDS YEAR AGO.MCCARTHY & STONE PLC - ‍ACHIEVED A STRONG RESULT IN H2 AND DELIVERED AN IMPROVEMENT IN BOTH MARGINS AND VOLUMES COMPARED TO FIRST HALF OF FY17​.MCCARTHY & STONE PLC - ‍GROUP STARTS NEW FINANCIAL YEAR WITH A STRONG FORWARD ORDER BOOK AND A ROBUST BALANCE SHEET​.FY PRETAX PROFIT 92.1‍​ MILLION POUNDS VERSUS 92.9 MILLION POUNDS YEAR AGO.MCCARTHY & STONE PLC - ‍ARE ON TRACK TO OPEN C.80 SALES OUTLETS AND DELIVER MORE THAN 65 FIRST OCCUPATIONS IN FY18​.FY LEGAL COMPLETIONS 2302 ‍​ VERSUS 2,296 YEAR AGO.FY AVERAGE SELLING PRICE ‍​273K POUNDS VERSUS 264K POUNDS YEAR AGO.  Full Article

Shares in McCarthy & Stone open about 12 pct lower on trading update
Friday, 2 Sep 2016 

: Shares in McCarthy & Stone open down about 12 after company says housing cancellations rise after Brexit vote Further company coverage: [MCS.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

McCarthy & Stone says housing cancellations rise post Brexit vote
Friday, 2 Sep 2016 

Mccarthy & Stone Plc : Full year trading update . Fy legal completions increased by 20pct to 2,299 units (2015: 1,923) . Fy revenue increased by 31pct to c.£635m (2015: £486m) . Fy net average selling price increased by 8pct to £259k (2015: £239k) . As anticipated in our trading update on 29 june, we have required somewhat higher levels of incentives in order to deliver our volume out-turn . Expect to announce at least a c.100 bp improvement in underlying operating margins in second half of year versus first half . Should enable group to increase its fy underlying profit before tax 1 by c.19pct . New reservations have been at a lower level than we saw in first nine months of financial year and cancellations have been at higher levels . Too early to judge medium term impact of Brexit, prolonged secondary housing market weakness could impact ability to deliver fy volume growth target . Has been some improvement in customer sentiment during month of august .Too early to predict at this stage whether these improving conditions will persist into new financial year.  Full Article

Ex-divs to take 0.83 points off FTSE 100 on Jan 4

LONDON, Jan 2 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 0.84 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) BR LAND 6.02