Marlowe swings to profit ahead of Mitie takeover, reduces buybacks
26th Jun 2025 13:41
(Alliance News) - Marlowe PLC on Thursday reported a swing to profit in the year ended March 31, ahead of the company's takeover by Mitie Group PLC. Read More
(Alliance News) - Marlowe PLC on Thursday reported a swing to profit in the year ended March 31, ahead of the company's takeover by Mitie Group PLC. Read More
Mitie Group PLC - The Shard, London-based engineering, security, cleaning and hygiene services provider - Says DBRS Morningstar on Friday confirmed its BBB investment grade rating for Mitie remaining unchanged as a result of the proposed acquisition of Marlowe PLC, a London-based provider of software and services for safety and regulatory compliance. Mitie in early June announced its plan to buy Marlowe in a deal valuing the latter at GBP366 million. Separately, Mitie announces that it received confirmation from Ireland's Department of Enterprise, Trade & Employment that its planned acquisition of Marlowe does not require mandatory notification under a law enacted in 2023. Completion of the takeover remains subject to the satisfaction and waiver of remaining conditions, such as the receipt of clearance via the UK's National Security & Investment Act 2021. Mitie expects its takeover of Marlowe to complete in the third quarter of 2025. Read More
(Alliance News) - Stocks were called higher in London on Monday as the conflict between Israel and Iran continues. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Correcting currency of bid for Adriatic Metals.) Read More
(Alliance News) - The FTSE 100 is set to open lower on Friday, though its oil majors could save it from a deeper decline, as Brent prices jumped following an Israeli strike on Iran's nuclear facilities. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced so far this week and not separately reported by Alliance News: Read More
Marlowe PLC - London-based provider of software and services for safety and regulatory compliance - Confirms in response to recent press speculation that it is in talks with Glasgow-based engineering, security, cleaning and hygiene services provider Mitie Group PLC regarding a possible offer for the takeover of Marlowe's entire share capital. Shareholders are advised to take no action at this time. Mitie has until July 2 to make a firm offer for Marlowe, and Marlowe notes there is no certainty that any offer will be made, nor any certainty on the terms of any offer. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - A late rally dragged the FTSE 100 into positive territory at the close on Wednesday as investors weighed cooling domestic inflation figures and the latest spat in the trade war between the US and China. Read More
(Alliance News) - Stock prices in London were in the red at midday on Wednesday, against the "deteriorating relationship" between the US and China. Read More
(Alliance News) - Mitie Group PLC on Wednesday upgraded its full-year profit guidance, secured a new government contract, and launched a share buyback programme as fourth-quarter trading lifted revenue and earnings for financial 2025. Read More
(Alliance News) - London stocks were called to open lower on Wednesday, amid signs of escalation in the trade dispute between the US and China. Read More
Mitie Group PLC - Glasgow-based engineering, security, cleaning and hygiene services provider - Completes GBP100 million share buyback programme. The programme was first announced in April 2024 as a GBP50 million buyback, and was doubled to GBP100 million in July. The group repurchased 89 million shares at an average price of 112 pence. Mitie says 79 million of the shares have been cancelled. It says it will issue an update on its capital deployment policy, including details of a new share buyback programme for the 2026 financial year, in a trading update on April 16. Read More
Mitie Group PLC - Glasgow-based engineering, security, cleaning and hygiene services provider - Hires Christopher Rogers to be its next board chair, joining the board immediately and replacing Derek Mapp as chair at the annual general meeting on July 22. Mapp will leave the board after serving for eight years. Rogers currently is chair of home improvement retailer Wickes Group PLC and senior independent director of nutrition products maker Kerry Group PLC. As an executive, he was chief financial officer of Whitbread PLC and then global managing director of its Costa Coffee arm until 2016. Costa was sold to Coca-Cola Co in 2019. Prior to Whitbread, Rogers worked at retailers Kingfisher PLC and Woolworths. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - London stocks were set to open higher on Wednesday morning, with UK Prime Minister Keir Starmer flying to the US for talks with Donald Trump. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More