The FTSE 100 fell 0.3% to 7,603. An American private equity firm has struck a £630 million deal to buy McCarthy & Stone. 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). Story provided by StockMarketWire.com Story provided by StockMarketWire.com Story provided by StockMarketWire.com It may be bad news for the management and shareholders but good news for ordinary families. 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. The former group general counsel and company secretary of Selfridges Group is to take up the same role at McCarthy & Stone. The listed builder of … Read full article. Our use of these cookies might also mean that you see McCarthy Stone adverts when you visit Facebook. But McCarthy and Stone divisional managing director Shane Paull said there had only been “low levels of objection” from people living in the area. Weakness in miners after disappointing Chinese economic data plus a downbeat start to trading in the US helped drag the FTSE 100 lower this afternoon. The FTSE struggled to make any gains amid weakness in the mining sector, leaving the index 1.8 points lower at 7,381 around 9am. Monday 21 December 2020 | Last updated: 5:49PM, FTSE up as vaccine hopes continue to boost markets, McCarthy & Stone revenue plummets amid pandemic restrictions, Director Deals - Mccarthy & Stone PLC (MCS), Banks and energy firms help power FTSE 100 to strong gains, FTSE opens 0.7% higher as Barclays pleases, McCarthy & Stone receives bid, McCarthy & Stone agrees to be acquired by Lone Star fund for £630m, McCarthy & Stone swings to loss; operations head leaves in management revamp, Broker Forecast - Peel Hunt issues a broker note on McCarthy Stone Plc, FTSE makes modest gains as US riots temper Covid-19 recovery hopes, McCarthy & Stone to start reopening sites from next week, McCarthy & Stone CFO Rowan Baker to stand down; join Laing O'Rourke, Broker Forecast - Deutsche Bank issues a broker note on McCarthy Stone Plc, Broker Forecast - HSBC issues a broker note on McCarthy Stone Plc, Director Deals - McCarthy Stone Plc (MCS), Broker Forecast - UBS issues a broker note on McCarthy Stone Plc, FTSE rallies on US stimulus package agreement, McCarthy & Stone pauses new build activity to conserve capital, McCarthy & Stone scraps 2019 final dividend; sees 'material' coronavirus impact, Broker Forecast - Jefferies International issues a broker note on McCarthy Stone Plc, McCarthy & Stone profit falls 25% in 'challenging market'; dividend held steady, McCarthy & Stone confirms group general counsel, Broker Forecast - Berenberg issues a broker note on McCarthy Stone Plc, Broker Forecast - Canaccord Genuity issues a broker note on McCarthy Stone Plc, McCarthy & Stone announces departure of Patrick Hole, McCarthy & Stone expects full-year revenue of £720m boosted by increase in average selling price, McCarthy & Stone end care partnership with Somerset Care to manage services directly, UK stocks open 0.2% higher, led by housebuilders, McCarthy & Stone welcomes ground rent exemption for retirement homes, McCarthy & Stone profit falls 66% as restructure costs weigh, Broker Forecast - Barclays Capital issues a broker note on McCarthy Stone Plc, McCarthy & Stone appoints two new chief operating officers, McCarthy & Stone profit falls 37% as cost jump, McCarthy & Stone to hold dividend steady; 'rightsize' business with cost cuts, FTSE flat as rising utilities fail to offset falling miners, Rising sales at McCarthy & Stone boosted by higher selling prices, McCarthy & Stone update on CEO succession planning, Broker Forecast - Numis issues a broker note on McCarthy Stone Plc, Global equities decline on US tariff threat, FTSE falls as investors fear escalation in US-China trade war, McCarthy & Stone issues profit warning; says CEO to leave, McCarthy & Stone profit halves amid 'subdued' trading conditions, McCarthy & Stone expects small rise in first-half revenue as legal completions fall, McCarthy & Stone profits to be H2 weighted, McCarthy & Stone confirms new chairman appointment, FTSE hits record in Santa rally as Shell makes deal, FTSE rises as miners offset depressed housebuilders, McCarthy & Stone disappointed by ground rents proposal, McCarthy & Stone schedules results announcement, Broker Forecast - Peel Hunt issues a broker note on Mccarthy Stone Plc, Slow US start puts FTSE on the back foot, sterling volatile as Brexit uncertainty continues, Market Movers - Top risers and fallers between 15:00 and 16:00. Don't miss the latest news! Story provided by StockMarketWire.com It has built and sold more than 54,000 properties across c.1,200 retirement developments since 1977, and is renowned for its focus on the needs of those in later life. NOTE: Average price At 0824, the benchmark FTSE 100... Retirement home group McCarthy & Stone said it had agreed to be acquired by a fund managed by private equity group Lone Star for around £630 million. At 0851, the benchmark FTSE 100 index was up 11.78 points, or 0.2%, at 7.414.11. Broker Forecasts data... Retirement home developer McCarthy & Stone booked a 37% drop in annual profit as higher costs more than offset a rise in revenue. Broker Forecasts data... Retirement home developer McCarthy & Stone said its first-half profit halved after it completed less buildings amid 'subdued' market conditions. Story provided by... Numis today reaffirms its hold investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 110p (from 135p). Introducing the new McCarthy Stone Foundation! Fyfe is a company that provides environmental, planning and surveying consultancy. 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. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists. McCarthy & Stone will revert to a more traditional structure of one chief operating officer, Mike Lloyd, who will continue to focus on the core areas of sales, customers and services. Final... UK stocks opened substantially 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... Retirement home builder McCarthy & Stone said it had taken cash reduction measures, including pausing new builds, that would ensure its business could operate without revenue for about 2.5... Retirement home developer McCarthy & Stone scrapped its dividend while predicting the coronavirus and government attempts to contain it would have a 'material impact' on its financial... HSBC today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 190p (from 160p). Retirement home developer McCarthy & Stone welcomed news that the UK government had exempted the retirement community sector from a regulatory rent cap. Story provided by StockMarketWire.com McCarthy & Stone … Story provided by StockMarketWire.com See insights on McCarthy & Stone including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. McCarthy & Stone is a retirement housebuilder, specialising in designing property for later life. McCarthy & Stone chairman Paul Lester said: "The all-cash offer represents a compelling and attractive opportunity for shareholders to realise and crystallise their investment in McCarthy & Stone in the near term and also provides a meaningful premium to the prevailing share price notwithstanding the backdrop of the wider risks posed by the political and macro-economic environment. 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. If you do not allow these cookies we will not know when you have visited our website and will not be able to monitor its performance. McCarthy & Stone said that since 2010 it has run its own management service on new sites and no longer sells the freeholds to other parties. At 0822, the benchmark FTSE 100... Retirement home developer McCarthy & Stone said it would commence a phased reopening of its sales offices and construction sites from next Monday. Oil colossus Royal Dutch Shell (RDSB) agreed to buy energy... Stronger miners offset a decline in housebuilding stocks. 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. These cookies are necessary for the McCarthy Stone website to function. McCarthy & Stone continues on its journey to champion older people with the launch of a new Charitable Foundation 17 Nov 2020 McCarthy & Stone, the UK’s leading developer and manager of retirement communities, has today announced the launch of the McCarthy & Stone Foundation as the organisation continues to celebrate, champion and defend the role of older people. Find out more about marketing cookies here. Providing housing across all tenures, the tie-up aims to address the diverse needs of England’s growing ageing population. The listed builder of … 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. 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. Financial News Articles for Mccarthy & Stone Plc Ord 8P updated throughout the day. Story provided by StockMarketWire.com Rowan Baker, Executive Director, bought 6,552 shares in the company on the 14th November 2017 at a price of 151.47p. 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. RNS Number : 3622B . McCarthy & Stone could be looking at a quarter of its units in future being rental properties, such is the level of demand. Examples of this include setting your privacy preferences or filling in forms. McCarthy & Stone investors had been... Retirement home developer McCarthy & Stone swung to a first-half loss and scrapped its interim dividend, after the Covid-19 crisis slowed the completion of developments, sapping revenue and... Peel Hunt today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 105p (from 180p). Shares in McCarthy & Stone rocketed 40% on the news, indicating a positive response from shareholders, who will have to approve the deal. 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). Story provided by StockMarketWire.com Making the offer, Lone Star said it believed the acquisition of McCarthy & Stone represented “an attractive opportunity for Lone Star to gain exposure to the retirement living sector”, and that it recognised the work undertaken to turn the business around. Broker Forecasts data... Canaccord Genuity today downgrades its investment rating on McCarthy Stone Plc (LON:MCS) to sell (from hold) and raised its price target to 134p (from 133p). Story provided by StockMarketWire.com Story provided by StockMarketWire.com The firm said revenue for the calendar year will be down 79% at just £197m. MCS Share News. McCarthy & Stone has been badly affected by the coronavirus pandemic. 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). Land and then builds, sells and manages high-quality retirement developments … McCarthy & Stone move! And how visitors move around our website more relevant to your interests of its units in future rental! His self-published biography, Building a billion ( RNS & others ) TIDMMCS Care developments in the sector! 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