Story provided by StockMarketWire.com UK retirement housebuilder McCarthy & Stone has agreed to be taken over by a US private equity group in a cash deal worth £630m.. Broker Forecasts data... UK stocks rallied on Tuesday as hopes of an economic revival sparked by an easing Covid-19 lockdowns were tempered by persistent rioting in the US. Examples of this include setting your privacy preferences or filling in forms. McCarthy & Stone could be looking at a quarter of its units in future being rental properties, such is the level of demand. Broker Forecasts data... Jefferies International today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and raised its price target to 175p (from 149p). Read more Story provided by StockMarketWire.com Broker Forecasts data... Jefferies International today downgrades its investment rating on McCarthy Stone Plc (LON:MCS) to hold (from hold). They help us see which pages are the most and least popular, and how visitors move around our website. 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. Fine, so long as you don’t build them Broker Forecasts data... Retirement home developer McCarthy & Stone said it had appointed Nigel Turner and Mike Lloyd as dual chief operating officers. McCarthy & Stone, led by John Tonkiss, has suffered in 2020, with the government urging people to avoid moving at the start of the pandemic, and the company pausing construction temporarily. Though these cookies cannot be switched off, you can set your browser to block or alert you about them, but please be aware that this will stop some parts of the website from functioning as intended. Broker Forecasts data... Barclays Capital today reaffirms its underweight investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 124p (from 125p). 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). H alf-year profits at McCarthy & Stone tumbled by two-thirds as it ploughed more cash into a turnaround to cope with a slowdown in the housing market.. McCarthy & Stone shareholders say yes to £647m takeover bid for the retirement home builder from private equity firm Lone Star. He will take the role with immediate effect. 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. 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. The owners of McCarthy and Stone have voted for a plan which would see the company taken over by a US private equity firm. MCCARTHY & STONE PLC : News, information and stories for MCCARTHY & STONE PLC | London Stock Exchange: MCS | London Stock Exchange Broker... Peel Hunt today reaffirms its buy investment rating on McCarthy Stone Plc (LON:MCS) and cut its price target to 185p (from 205p). Retirement home developer McCarthy & Stone welcomed news that the UK government had exempted the retirement community sector from a regulatory rent cap. The FTSE 100 was firmly higher by midday, rising 1.6% to 5,874.24 supported by strength in the banking and oil and gas sectors. McCarthy & Stone floated in 2015 and is positioned to capitalise on the lack of supply of retirement housing for the UK's ageing population. Sign up today. Latest London news, business, sport, showbiz and entertainment from the London Evening Standard. 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. Find out more. Shares is the leading weekly publication for retail investors. The listed builder of retirement homes said that nearly 80% of votes had been cast in favour of the proposal. 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. See insights on McCarthy & Stone including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. McCarthy & Stone has 2,523 employees across 8 locations and £671.60 M in annual revenue in FY 2018. The company said its initial focus was on... Retirement home developer McCarthy & Stone said chief financial officer Rowan Baker had stood down to take up the same position at Laing O'Rourke. Pre-tax profit for the 14... Deutsche Bank today upgrades its investment rating on McCarthy Stone Plc (LON:MCS) to buy (from hold) and raised its price target to 154p (from 137p). 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. 07 October 2020 . My advice is to keep clear of the McCarthy and Stone new-builds and buy second-hand. May see more content and adverts that do not match your interests an Extra $ 200bn of goods! For McCarthy & Stone confirmed that Paul Lester joined the board of Bidco - a wholly-owned subsidiary., business, sport, showbiz and entertainment from the London Evening.... See more content and adverts that do not allow these cookies might also mean that see! 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