Property group launches £20m share buyback scheme
Property group Mears has launched a £20m share buyback scheme, weeks after raising its profit forecast for a second time this year.
The Gloucester-based social housing contractor has already invested £70m since the start of 2023 in share buybacks and share purchases by its employee benefit trust.
Earlier this month, Mears reported a 44% increase in half-year profits, to £30.5m, and raised its full-year profit guidance again, to £53m-£55m. Its 2024 revenues are expected to reach £1.1bn.
Its share price reached a five-yea... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
