Mears Group Plc ( (GB:MER) ) just unveiled an announcement.
Mears Group PLC has secured a significant contract with Milton Keynes City Council for housing repairs and maintenance, valued at £230 million over five years, with an option to extend to £475 million over ten years. This contract retention highlights Mears’ high-quality service and strategic success, reinforcing the company’s market position and supporting its growth expectations.
More about Mears Group Plc
Mears Group PLC is a leading provider of services to the housing sector in the UK, managing and maintaining around 450,000 homes across the country. The company works predominantly with central and local government through long-term contracts, focusing on property management, maintenance services, and broader housing solutions. Mears is committed to long-term outcomes and invests in innovations to enhance quality of life and community wellbeing, while driving sustainable financial returns for shareholders.
YTD Price Performance: 7.04%
Average Trading Volume: 354,218
Technical Sentiment Signal: Strong Sell
Current Market Cap: £323.4M
For detailed information about MER stock, go to TipRanks’ Stock Analysis page.