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United Kingdom

McCarthy & Stone PLC (MCS.L)

MCS.L on London Stock Exchange

133.00GBp
19 Nov 2018
Change (% chg)

0.00 (+0.00%)
Prev Close
133.00
Open
130.50
Day's High
136.60
Day's Low
130.50
Volume
2,825,025
Avg. Vol
1,495,986
52-wk High
172.20
52-wk Low
96.05

Latest Key Developments (Source: Significant Developments)

Mccarthy & Stone FY Underlying Operating Profit Decreased By 30 Pct To £68 Mln
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - McCarthy & Stone PLC ::FULL YEAR RESULTS.FY REVENUE INCREASED BY 2% TO £672M (FY17: £661M).FY PROFIT BEFORE TAX DECREASED BY 37% TO £58M (FY17: £92M).FY UNDERLYING OPERATING PROFIT DECREASED BY 30% TO £68 MILLION.GROUP REITERATES EXPECTED FY19 SAVINGS RANGE ANNOUNCED AS PART OF NEW STRATEGY OF C.20-30% OF FY21 TARGETED P&L SAVING OF C.£40M.DIRECTORS ARE PROPOSING A FINAL DIVIDEND OF 3.5P PER SHARE.FY AVERAGE SELLING PRICE £300K VERSUS £273K.FY LEGAL COMPLETIONS 2,134 UNITS VERSUS 2,302 UNITS.  Full Article

Mccarthy & Stone Responds To MHCLG’s Consultation On Ground Rents
Monday, 22 Oct 2018 

Oct 22 (Reuters) - McCarthy & Stone PLC ::RESPONSE TO MHCLG’S CONSULTATION ON GROUND RENTS.NOTES ANNOUNCEMENT MHCLG REGARDING LATEST CONSULTATION ON LEASEHOLD REFORM & CAPPING GROUND RENTS FOR FUTURE NEW-BUILD HOUSING."PLEASED THAT MHCLG PROPOSING TO ALLOW EXEMPTION FOR RETIREMENT COMMUNITYSECTOR".  Full Article

Mccarthy & Stone Names John Tonkiss As Permanent CEO
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - McCarthy & Stone PLC ::DIRECTORATE CHANGE.ANNOUNCES APPOINTMENT OF JOHN TONKISS AS CHIEF EXECUTIVE OFFICER.JOHN TONKISS WILL TAKE ROLE AS CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT.JOHN HAS BEEN INTERIM CEO OF MCCARTHY & STONE SINCE 1 SEPTEMBER 2018.  Full Article

Mccarthy & Stone Says Co Will Review Capital Allocation Policy On A Regular Basis
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - McCarthy & Stone PLC ::FY19-FY23 BUSINESS TRANSFORMATION STRATEGY.2018 ORDINARY DIVIDEND TO BE CONSISTENT WITH PRIOR YEAR.BOARD WILL REVIEW CAPITAL ALLOCATION POLICY ON A REGULAR BASIS.2018 ORDINARY DIVIDEND TO BE CONSISTENT WITH PRIOR YEAR.GROUP WILL FOCUS ON REDUCING ITS CAPITAL EMPLOYED BY AT LEAST £70 MILLION BETWEEN FY18 AND FY21.TARGETS IMPROVEMENT IN OPERATING MARGINS TO MORE THAN 15 PCT BY FY21.  Full Article

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

UPDATE 1-UK Stocks-Factors to watch on Nov 13

Nov 13 Britain's FTSE 100 index is seen opening 15 points higher at 7,068 on Tuesday, according to financial bookmakers, with futures up nearly 0.32 percent ahead of the cash market open.